Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.