0 Avalon Mdw New Baltimore, MI 48051
This exceptional 11.59-acre parcel, known as Avalon Meadows, presents a unique investment opportunity in Chesterfield, Michigan (Macomb County, zip code 48051). Located at the intersection of Gratiot Ave and 25 Mile Road, this property boasts convenient access to I-94, enhancing its appeal for various development projects. The land is zoned RM2, permitting multi-family residential development. Detailed site plans for an 80-unit condominium development have already been approved, significantly streamlining the approval process for a future owner. Comprehensive due diligence materials are available, including a topographic survey, Phase 1 environmental assessment, and a geotechnical report. These reports provide a thorough understanding of the site's characteristics and potential development challenges. The property's Assessed Parcel Number (APN) is 09-04-451-006. The asking price for this strategically located and well-documented property is $950,000. This presents a rare chance to acquire a ready-to-develop site with significant potential for substantial returns. The property's dual commercial and residential zoning offers flexibility for a variety of development scenarios. Interested parties are encouraged to review the available documentation for a complete understanding of the property's potential.
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
Similar Nearby for Lease
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.