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    51531 Gratiot Ave New Baltimore, MI 48051

    Sponsored
    For Sale
    $799,000

    Prime Commercial Land - High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 9.6-acre commercial land parcel presents a unique investment opportunity in Chesterfield, Michigan. Strategically located at 51531 Gratiot Avenue, this property boasts high visibility due to its frontage along Gratiot Avenue and its proximity to 23 Mile Road. The site is currently vacant and zoned M-2, offering considerable flexibility for a range of commercial developments. A conceptual plan suggests potential for future storage facilities, though this is not a binding commitment. Access to the property is ensured via a shared curb cut along Gratiot Avenue, provided by the seller. The asking price is $799,000. This prime location in Macomb County, with its easy access to major thoroughfares, makes this land ideal for businesses seeking high visibility and convenient access for customers and employees. The property's size and zoning provide ample opportunity for a variety of commercial uses, making it an attractive investment for developers and entrepreneurs alike. Detailed site plans and zoning information are available upon request. The property is situated behind the New Tidal Wave Auto Spa, providing additional visibility and potential synergy. This is a rare opportunity to acquire a significant commercial land parcel in a thriving area. Don't miss out on this chance to secure a prime location for your next venture. The zip code is 48051.

    Property Features for 51531 Gratiot Ave

    General Information

    Property type
    Land
    Lot Size
    418,176 SF

    HighLights

    • Vacant land adjacent to a new Tidal Wave Auto Spa.
    • Prime Gratiot Ave & 23 Mile Rd location.
    • Shared curb cut access on Gratiot Ave, provided by seller.
    • Suitable for future storage facility development.
    • Conceptual site plan provided; not final design.
    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
    -82.8312536
    Latitude
    42.679057

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land - High Visibility
    Where is this land located?
    The property is located at 51531 Gratiot Ave New Baltimore, MI.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: Vacant land adjacent to a new Tidal Wave Auto Spa.; Prime Gratiot Ave & 23 Mile Rd location.; Shared curb cut access on Gratiot Ave, provided by seller.
    (248) 488-2620
    Request Owner's contact information
    51531 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
    51531 Gratiot Ave New Baltimore, MI 48051
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