Property profile

0 Township Of Lenox Mi New Haven, MI 48050

OFF-MARKET
Land
24.78 ac lot
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Property summary

AI-generated overview

This exceptional 24.78-acre commercial land parcel presents a compelling investment opportunity in Lenox Township, Macomb County, Michigan. Located in the desirable 48050 zip code, this property boasts an impressive 1250.81 feet of frontage on Gratiot Avenue, ensuring high visibility and accessibility. The flat terrain simplifies development, and the property is conveniently situated just north of 27 Mile Road and the city of New Haven, offering excellent proximity to established infrastructure and amenities. The land is zoned for commercial use, allowing for a wide range of development possibilities. All city utilities are readily available, including city water, sewer, and natural gas, eliminating significant infrastructure hurdles. The asking price of $500,000 represents a remarkable value for this substantial acreage with its prime location and advantageous features. This is an exceptional chance to acquire a significant commercial land holding in a growing area, offering substantial potential for future development and return on investment. The property's size and location make it ideal for a variety of commercial ventures. Don't miss this opportunity to secure this highly desirable commercial land parcel.

Property profile

Verified
Property type Land
Lot 24.78 ac (1,079,417 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Township Of Lenox Mi New Haven, MI 48050
New Haven metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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