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    Township Of Lenox Mi New Haven, MI 48050

    Sponsored
    For Sale
    $500,000

    24.78 Acres, High Visibility, Great Price

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 24.78-acre commercial land parcel presents a compelling investment opportunity in Lenox Township, Macomb County, Michigan. Located in the desirable 48050 zip code, this property boasts an impressive 1250.81 feet of frontage on Gratiot Avenue, ensuring high visibility and accessibility. The flat terrain simplifies development, and the property is conveniently situated just north of 27 Mile Road and the city of New Haven, offering excellent proximity to established infrastructure and amenities. The land is zoned for commercial use, allowing for a wide range of development possibilities. All city utilities are readily available, including city water, sewer, and natural gas, eliminating significant infrastructure hurdles. The asking price of $500,000 represents a remarkable value for this substantial acreage with its prime location and advantageous features. This is an exceptional chance to acquire a significant commercial land holding in a growing area, offering substantial potential for future development and return on investment. The property's size and location make it ideal for a variety of commercial ventures. Don't miss this opportunity to secure this highly desirable commercial land parcel.

    Property Features for 0 Township Of Lenox Mi

    General Information

    Property type
    Land
    Lot Size
    1,079,417 SF

    HighLights

    • 24.78‑acre parcel
    • Commercially zoned land
    • City utilities including water, sewer, and natural gas
    • 1,250.81 feet of Gratiot frontage
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    New Haven
    County
    Macomb
    State
    Michigan
    Longitude
    -82.8101975
    Latitude
    42.7842331

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    FAQs

    What type of property is this?
    Land - 24.78 Acres, High Visibility, Great Price
    Where is this land located?
    The property is located at Township Of Lenox Mi New Haven, MI.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: 24.78-acre parcel; Commercially zoned land; City utilities including water, sewer, and natural gas
    (248) 663-0506
    Request Owner's contact information
    Township Of Lenox Mi New Haven, MI 48050
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    New Haven, MI 48050
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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
    Township Of Lenox Mi New Haven, MI 48050
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