Current Use by Public Records
- Land
Property Details for 55370 Gratiot Ave
- Lot size
- 15.00 lot acres
- Property type
- Land
Description
This exceptional 15-acre parcel presents a remarkable opportunity for multifamily development. Located in Chesterfield Township, Michigan, at 55370 Gratiot Ave, this property boasts 760 feet of frontage on the highly trafficked Gratiot Avenue, ensuring excellent visibility and accessibility. The land is zoned RM-2 Multi Family, allowing for a variety of residential construction projects. The property comprises four individual parcels, identified by APN 15-09-04-451-010, and is privately owned. Situated conveniently on the east side of Gratiot Avenue, north of 25 Mile Road, this location offers easy access to major roadways and amenities. The asking price for this significant development opportunity is $2,499,000. The substantial lot size and prime location make this an ideal investment for developers seeking to capitalize on the growing demand for multifamily housing in the area. This is a rare opportunity to acquire a large, well-positioned parcel ready for immediate development. The property's high visibility and convenient location make it an attractive prospect for a variety of multifamily projects.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New Baltimore
- County
- Macomb
- State
- Michigan
- Longitude
- -82.8066
- Latitude
- 42.707
