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    53801 Gratiot Ave New Baltimore, MI 48051

    For Sale
    $240,451

    1.6 Acres, M-1 Zoning, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This 1.6-acre commercial land parcel in New Baltimore, Michigan, is ideally situated on Gratiot Avenue, boasting 159.99 feet of prime frontage. Zoned M-1 for Light Industrial use, this property presents a compelling opportunity for developers and businesses seeking a strategic location in Macomb County. The asking price is $240,451, translating to a land value of $3.45 per square foot. City water and sewer services are readily available on-site, simplifying infrastructure needs. This parcel offers significant potential for various light industrial uses, benefiting from its high visibility and convenient access to major thoroughfares. Furthermore, there's an option to expand the footprint by combining this 1.6-acre lot with an adjacent 1.39-acre parcel, totaling nearly 3 acres for larger-scale projects. The property's address is 53801 Gratiot Avenue, New Baltimore, MI 48051. This location provides easy access to regional transportation networks and a thriving local market. The M-1 zoning allows for a wide range of light industrial applications, making this a versatile and attractive investment opportunity.

    Property Features for 53801 Gratiot Ave

    General Information

    Property type
    Land
    Lot Size
    69,696 SF

    HighLights

    • 1.60‑acre commercial lot in New Baltimore, MI.
    • M‑1 Light Industrial zoning.
    • 159.99 feet of frontage on Gratiot Avenue.
    • City water and sewer available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant 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
    -82.81759
    Latitude
    42.695296

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    FAQs

    What type of property is this?
    Land - 1.6 Acres, M-1 Zoning, High Visibility
    Where is this land located?
    The property is located at 53801 Gratiot Ave 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-acre commercial lot in New Baltimore, MI.; M-1 Light Industrial zoning.; 159.99 feet of frontage on Gratiot Avenue.
    (248) 663-0506
    Request Owner's contact information
    53801 Gratiot Ave New Baltimore, MI 48051
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    New Baltimore, MI 48051
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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
    53801 Gratiot Ave New Baltimore, MI 48051
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