0 Township Of Lenox Mi, New Haven, MI 48050
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.