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Property profile & analytics
OFF-MARKET
Land

0 Kingsberry St New Baltimore, MI 48047

46.5 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 46.5 ac (2,025,540 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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