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    28541 William P Rosso Hwy New Baltimore, MI 48047

    Sponsored
    For Sale
    $1,950,000

    High-traffic retail land near Selfridge Airbase.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 22.3-acre commercial land parcel, located at 28541 William P Rosso Hwy in New Baltimore, Michigan (48047), presents a unique investment opportunity. Currently zoned C-3, this prime site offers significant potential for mixed-use development. Its prominent location directly across from the entrance to Selfridge Air National Guard Base and the Selfridge Public Boat Launch – one of Michigan's largest – ensures high visibility and substantial foot traffic throughout the year. Summer months see heavy boater traffic, while winter months attract significant ice fishing activity. The property's approximately 18 net acres (after accounting for easements) provide ample space for various commercial ventures. Potential uses include retail establishments, self-storage facilities, and even a gas station, subject to any necessary rezoning. The property's convenient access to I-94 and M-59 expressways further enhances its appeal. The asking price is $1,950,000, translating to $87,444 per acre. The parcel's APN is 15-09-32-451-001

    Property Features for 28541 William P Rosso Hwy

    General Information

    Property type
    Land
    Lot Size
    971,388 SF

    HighLights

    • 22+/- acre gross site, 18+/- acres net usable.
    • C‑3 zoned mixed‑use development site.
    • Potential gas station and self‑storage development (rezoning required).
    • High visibility corner lot, across from Lake St. Clair and Selfridge Air National Guard Base.
    • Excellent access to I‑94 and M‑59 expressways.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    New Baltimore
    County
    Macomb
    State
    Michigan
    Longitude
    -82.8255945
    Latitude
    42.631298

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    FAQs

    What type of property is this?
    Land - High-traffic retail land near Selfridge Airbase.
    Where is this land located?
    The property is located at 28541 William P Rosso Hwy New Baltimore, MI.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: 22+/- acre gross site, 18+/- acres net usable.; C-3 zoned mixed-use development site.; Potential gas station and self-storage development (rezoning required).
    Request Owner's contact information
    28541 William P Rosso Hwy 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
    28541 William P Rosso Hwy New Baltimore, MI 48047
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