Listing Agency: P.A. Commercial Corporate & Investment Real Estate j***@pacommercial.com Show Phone

Listed By: John Arthurs · License #MI 6501222941

Source: Crexi

Added: Oct 9, 2021 Changed: Aug 8 Last Checked: Aug 19 at 10:55PM

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Investment Insights

Based on property information with market context.

This property features 1.60 acres of land with 159.99 feet of frontage on Gratiot Avenue. It is zoned M-1 for light industrial use. City water and sewer services are available at the site. The parcel can be combined with the adjacent 1.39-acre parcel, creating a total of 2.99 acres.

Key Highlights

• 1.60 Acres of Land
• Boasts 159.99' of Frontage on Gratiot Ave
• Zoned M‑1 - Light Industrial

Property Analytics

Property Profile

Current Use

Industrial land

Suggested Use

Top Pick Real Estate Agency Restaurant Dental Office Building Supply Law Firm Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

87

Businesses Nearby

Explore this area Business Placement

Demographics for 48051, MI

17,718

Population

7,255

Households

2.4

Avg Household Size

40

Median Age

24%

College-Educated

91%

High-School Grad

14.2 sq mi

ZIP Area

1,248

Density / Sq Mi

$89,923

Median Household Income

$50,569

Median Earnings

$1,064

Median Rent

$247,500

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Industrial land - 1.60 acres of M-1 zoned land for sale.

Where is this industrial land located?

The property is located at 53801 Gratiot Avenue New Baltimore, MI.

What is the asking price?

The asking price for this property is $240,451.

What are key features of this property?

This property features: 1.60 Acres of Land; Boasts 159.99' of Frontage on Gratiot Ave; Zoned M‑1 - Light Industrial