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    53579 Gratiot Ave New Baltimore, MI 48051

    Sponsored
    For Sale
    $450,000

    2.99 Acres, M-1 Zoning, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 2.99-acre parcel of land is ideally situated in New Baltimore, Michigan, at 53579 & 53801 Gratiot Avenue, offering significant potential for industrial development. The property boasts 370.73 feet of frontage on Gratiot Avenue, ensuring high visibility and accessibility. Zoned M-1 for Light Industrial use, this site is ready for immediate development. City water and sewer services are readily available, simplifying infrastructure needs. The asking price is $450,000, translating to a land value of $3.10 per square foot. This single-ownership property presents a rare opportunity to acquire a substantial industrial land holding in a desirable location. Its strategic positioning and zoning make it suitable for a variety of industrial uses, offering a strong return on investment. The property's size and location in Macomb County, Michigan, with a zip code of 48051, combine to create a compelling investment proposition. The site's ample frontage on Gratiot Avenue provides excellent exposure to high traffic volumes, enhancing its commercial appeal. This is a turnkey opportunity for businesses seeking a well-located, fully serviced industrial site.

    Property Features for 53579 Gratiot Ave

    General Information

    Property type
    Land
    Lot Size
    130,244 SF

    HighLights

    • 2.99‑acre parcel in New Baltimore, MI
    • M‑1 Light Industrial zoning
    • 370.73 feet of frontage on Gratiot Avenue
    • City water and sewer available
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Baltimore
    County
    Macomb
    State
    Michigan
    Longitude
    -82.8189024
    Latitude
    42.6934567

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    FAQs

    What type of property is this?
    Land - 2.99 Acres, M-1 Zoning, High Visibility
    Where is this land located?
    The property is located at 53579 Gratiot Ave New Baltimore, MI.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: 2.99-acre parcel in New Baltimore, MI; M-1 Light Industrial zoning; 370.73 feet of frontage on Gratiot Avenue
    Request Owner's contact information
    53579 Gratiot Ave New Baltimore, MI 48051
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    53579 Gratiot Ave New Baltimore, MI 48051
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