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    Frst Ave New Haven, MI 48050

    Sponsored
    For Sale
    $249,900

    Prime 10-acre industrial lot, ready for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 10-acre parcel of land, located at 00 S Forest Ave, Richmond, MI 48050 (Macomb County), presents a unique opportunity for industrial development. Zoned for light industrial use, this property offers significant potential for a variety of projects. The asking price is $249,900. Existing improvements include a culvert and a driveway, simplifying the initial stages of development. A portion of the land has been cleared, providing a level area ready for construction, while the remainder features mature trees, offering potential for landscaping or preservation. The seller is open to considering all reasonable offers. This property is conveniently located in Richmond, Michigan, providing easy access to major transportation routes and infrastructure. The property's size and zoning make it ideal for a range of industrial uses, from warehousing and distribution to light manufacturing. Don't miss this chance to acquire a valuable piece of industrial real estate in a thriving Michigan community. Serious inquiries only.

    Property Features for 0 Frst Ave

    General Information

    Property type
    Land
    Lot Size
    435,600 SF

    HighLights

    • $249,900 asking price.
    • 10‑acre industrial land parcel.
    • Light industrial zoning.
    • Located in Richmond, MI (Macomb County), on S Forest Ave, zip code 48050.
    • Includes existing culvert and driveway; partially cleared with mature trees.
    • Broker co‑op available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    New Haven
    County
    Macomb
    State
    Michigan
    Longitude
    -82.7536774
    Latitude
    42.7950884

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    FAQs

    What type of property is this?
    Land - Prime 10-acre industrial lot, ready for development.
    Where is this land located?
    The property is located at Frst Ave New Haven, MI.
    What is the asking price?
    The asking price for this property is $249,900.
    What are key features of this property?
    This property features: $249,900 asking price.; 10-acre industrial land parcel.; Light industrial zoning.
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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
    Frst Ave New Haven, MI 48050
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