0 Kingsberry St New Baltimore, MI 48047
This exceptional 46.5-acre parcel located on Kingsberry Street in Chesterfield Township, Michigan, presents a remarkable opportunity for residential development. Zoned R1B for single-family homes, this property offers a unique blend of open, flat land and wooded areas, providing a diverse landscape for a thoughtfully planned community. The site boasts readily available sewer, water, and storm infrastructure, simplifying the development process. With a potential to yield 120 to 145 individual lots (3-4 lots per acre), this land offers significant potential for high-density residential construction. The asking price is $3,000,000, translating to $64,516 per acre. The property's APN is 09-32-426-036, and it is held under single ownership. Its convenient location just off I-94 ensures easy access to major transportation routes. Residents will enjoy the proximity to the beautiful Lake St. Clair, and the highly-rated L'Anse Creuse Schools. Furthermore, the property is within easy reach of local shopping, dining, and various business services. The potential for expansion exists, as neighboring parcels may also be available for acquisition. This is a truly exceptional opportunity to develop a thriving residential community in a highly desirable location.
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
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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.