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    30670 23 Mile Rd New Baltimore, MI 48047

    Sponsored
    For Sale
    $525,000

    3.78 Acres, $525,000, O-1 Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3.78-acre commercial land parcel presents a remarkable investment opportunity in the thriving Chesterfield Township, Michigan. Located at 30670 Twenty-Three Mile Road, this property boasts significant main road frontage, offering unparalleled visibility and accessibility. Currently zoned O-1 (Professional), the land presents immediate potential for a variety of office uses. However, the property's strategic location and size also allow for exploration of rezoning possibilities, opening doors to a wider range of commercial developments, including multi-family residential or retail ventures. The asking price is $525,000, translating to $138,888 per acre, reflecting the land's high value and potential for significant return on investment. The property's APN is 09-21-226-004. Situated in Macomb County, with a zip code of 48047, this location offers convenient access to major transportation routes and a robust local economy. This prime piece of land is ready for your vision, whether it's a new office building, a multi-family complex, or a retail development. Don't miss this chance to acquire a highly desirable commercial property in a rapidly growing area. Serious inquiries only.

    Property Features for 30670 23 Mile Rd

    General Information

    Property type
    Land
    Lot Size
    164,657 SF

    HighLights

    • $525,000 asking price for 3.78 acres of commercial land.
    • Located at 30670 23 Mile Rd, Chesterfield Township, MI 48047 (APN: 09‑21‑226‑004).
    • Currently zoned O‑1, Professional; potential for rezoning to commercial or multi‑family.
    • Land value: $138,888 per acre.
    • Excellent main road frontage, suitable for retail development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm 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
    -82.800104
    Latitude
    42.673331

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    FAQs

    What type of property is this?
    Land - 3.78 Acres, $525,000, O-1 Zoning
    Where is this land located?
    The property is located at 30670 23 Mile Rd New Baltimore, MI.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: $525,000 asking price for 3.78 acres of commercial land.; Located at 30670 23 Mile Rd, Chesterfield Township, MI 48047 (APN: 09-21-226-004).; Currently zoned O-1, Professional; potential for rezoning to commercial or multi-family.
    (248) 359-3837
    Request Owner's contact information
    30670 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
    30670 23 Mile Rd New Baltimore, MI 48047
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