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    51231 Chesterfield Rd New Baltimore, MI 48051

    Sponsored
    For Sale
    $825,000

    8.84 Acres, M2 Zoning, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 8.84-acre commercial land parcel, located at 51231 Chesterfield Road in New Baltimore, Michigan (48051), presents a remarkable investment opportunity. The property, identified by APN 15-09-18-476-003, is zoned M2, offering considerable flexibility for a wide range of commercial developments. All utilities are conveniently located on-site, simplifying infrastructure needs. The asking price is $825,000, translating to approximately $93,325.79 per acre. This strategically positioned land boasts excellent visibility and high traffic counts, benefiting from the strong retail gravity and residential density of the surrounding area. Potential uses include small, mid-sized, and big-box retail establishments, corporate headquarters, places of worship, and various other commercial ventures. The site's proximity to I-94 ensures easy access and convenient transportation. Furthermore, the substantial acreage allows for the possibility of multi-family development, adding to its versatility and investment potential. This is a rare opportunity to acquire a significant commercial land holding in a thriving Michigan community.

    Property Features for 51231 Chesterfield Rd

    General Information

    Property type
    Land
    Lot Size
    385,070 SF

    HighLights

    • 8.84‑acre parcel available.
    • M2 zoning.
    • Utilities on‑site.
    • High‑traffic location with strong retail draw and residential density.
    • Suitable for various uses including retail (small, mid‑sized, and big‑box), corporate headquarters, and multi‑family development.
    • Multi‑family development potential.
    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
    -82.839238
    Latitude
    42.676384

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    FAQs

    What type of property is this?
    Land - 8.84 Acres, M2 Zoning, High Traffic
    Where is this land located?
    The property is located at 51231 Chesterfield Rd New Baltimore, MI.
    What is the asking price?
    The asking price for this property is $825,000.
    What are key features of this property?
    This property features: 8.84-acre parcel available.; M2 zoning.; Utilities on-site.
    Request Owner's contact information
    51231 Chesterfield Rd 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
    51231 Chesterfield Rd New Baltimore, MI 48051
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