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    31770 23 Mile Rd New Baltimore, MI 48047

    Sponsored
    For Sale
    $575,000

    Prime 10-acre parcel, I-94 access. Residential development potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 10-acre property located at 31770 Twenty Three Mile Road in New Baltimore, Michigan, presents a remarkable opportunity for residential development. Boasting 300 feet of frontage, this parcel is zoned O-5, offering flexibility for various residential projects. The land's strategic location provides convenient access to I-94, enhancing its appeal and accessibility. The asking price is $575,000, translating to a land value of $1.32 per square foot. The property's expansive size and prime location make it ideal for a variety of residential developments. The parcel's APN is 15-09-22-126-014. The seller is open to exploring land contract terms and potential joint venture possibilities, making this an attractive investment opportunity. This significantly reduced price makes this a compelling proposition for discerning buyers seeking a substantial land holding in a desirable Michigan location. The property is situated in Macomb County, with a zip code of 48047. Its coordinates are 42.673232 latitude and -82.789266 longitude.

    Property Features for 31770 23 Mile Rd

    General Information

    Property type
    Land
    Lot Size
    435,600 SF

    HighLights

    • $575,000 asking price.
    • 10‑acre residential land parcel.
    • O‑5 permitted zoning.
    • $1.32/SF land value.
    • 300 feet of road frontage.
    • Excellent retail and residential development potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    New Baltimore
    County
    Macomb
    State
    Michigan
    Longitude
    -82.789266
    Latitude
    42.673232

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    FAQs

    What type of property is this?
    Land - Prime 10-acre parcel, I-94 access. Residential development potential.
    Where is this land located?
    The property is located at 31770 23 Mile Rd New Baltimore, MI.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: $575,000 asking price.; 10-acre residential land parcel.; O-5 permitted zoning.
    (248) 637-7791
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    31770 23 Mile Rd New Baltimore, MI 48047
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    New Baltimore, MI 48047
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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
    31770 23 Mile Rd New Baltimore, MI 48047
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