28541 William P Rosso Hwy New Baltimore, MI 48047
This exceptional 22.3-acre commercial land parcel, located at 28541 William P Rosso Hwy in New Baltimore, Michigan (48047), presents a unique investment opportunity. Currently zoned C-3, this prime site offers significant potential for mixed-use development. Its prominent location directly across from the entrance to Selfridge Air National Guard Base and the Selfridge Public Boat Launch – one of Michigan's largest – ensures high visibility and substantial foot traffic throughout the year. Summer months see heavy boater traffic, while winter months attract significant ice fishing activity. The property's approximately 18 net acres (after accounting for easements) provide ample space for various commercial ventures. Potential uses include retail establishments, self-storage facilities, and even a gas station, subject to any necessary rezoning. The property's convenient access to I-94 and M-59 expressways further enhances its appeal. The asking price is $1,950,000, translating to $87,444 per acre. The parcel's APN is 15-09-32-451-001
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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Risks
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