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    Kingsberry St New Baltimore, MI 48047

    For Sale
    $3,000,000

    46.5 Acres, Prime Chesterfield Twp. Development

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 46.5-acre parcel located on Kingsberry Street in Chesterfield Township, Michigan, presents a remarkable opportunity for residential development. Zoned R1B for single-family homes, this property offers a unique blend of open, flat land and wooded areas, providing a diverse landscape for a thoughtfully planned community. The site boasts readily available sewer, water, and storm infrastructure, simplifying the development process. With a potential to yield 120 to 145 individual lots (3-4 lots per acre), this land offers significant potential for high-density residential construction. The asking price is $3,000,000, translating to $64,516 per acre. The property's APN is 09-32-426-036, and it is held under single ownership. Its convenient location just off I-94 ensures easy access to major transportation routes. Residents will enjoy the proximity to the beautiful Lake St. Clair, and the highly-rated L'Anse Creuse Schools. Furthermore, the property is within easy reach of local shopping, dining, and various business services. The potential for expansion exists, as neighboring parcels may also be available for acquisition. This is a truly exceptional opportunity to develop a thriving residential community in a highly desirable location.

    Property Features for 0 Kingsberry St

    General Information

    Property type
    Land
    Lot Size
    2,025,540 SF

    HighLights

    • Convenient location off I‑94.
    • R1B single‑family residential zoning.
    • Walking distance to Lake St. Clair.
    • L'Anse Creuse Schools.
    • Proximity to shopping, dining, and business services.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    New Baltimore
    County
    Macomb
    State
    Michigan
    Longitude
    -82.827671
    Latitude
    42.640418

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    FAQs

    What type of property is this?
    Land - 46.5 Acres, Prime Chesterfield Twp. Development
    Where is this land located?
    The property is located at Kingsberry St New Baltimore, MI.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: Convenient location off I-94.; R1B single-family residential zoning.; Walking distance to Lake St. Clair.
    (248) 663-0506
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    Kingsberry St 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
    Kingsberry St New Baltimore, MI 48047
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