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    53153 Gratiot Ave New Baltimore, MI 48051

    For Sale
    $595,000

    Prime Industrial/Commercial Land, Great Development Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 6.76-acre parcel of land, identified by APN 09-08-476-002, presents a compelling investment opportunity in New Baltimore, Michigan. Located at 53153 Gratiot, this property boasts a desirable M-1 zoning designation, opening doors to a wide range of commercial and industrial development possibilities. The expansive lot size, totaling 294,466 square feet, offers significant flexibility for ambitious projects. With a generous lot width of 411 feet, the property benefits from dual frontage, enhancing its accessibility and visibility. Its strategic location near 24 Mile Road further amplifies its appeal, providing convenient access to major transportation routes and established infrastructure. The asking price for this remarkable property is $595,000. This exceptional site is ready for your vision, offering a unique chance to capitalize on the thriving commercial and industrial landscape of Macomb County. The property's size and zoning make it ideal for a variety of uses, from warehousing and manufacturing to retail and light industrial developments. Don't miss this opportunity to acquire a prime piece of land in a rapidly growing area. The zip code is 48051.

    Property Features for 53153 Gratiot Ave

    General Information

    Property type
    Land
    Lot Size
    294,466 SF

    HighLights

    • 411‑foot wide lot.
    • 294,466 square foot land parcel.
    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
    -82.82036119
    Latitude
    42.69065093

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    FAQs

    What type of property is this?
    Land - Prime Industrial/Commercial Land, Great Development Potential
    Where is this land located?
    The property is located at 53153 Gratiot Ave New Baltimore, MI.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: 411-foot wide lot.; 294,466 square foot land parcel.;
    Request Owner's contact information
    53153 Gratiot Ave 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
    53153 Gratiot Ave New Baltimore, MI 48051
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