0 .630 Acres Vacant Land Gratiot New Baltimore, MI 48047
This exceptional 0.63-acre commercial land parcel presents a compelling investment opportunity in New Baltimore, Michigan. Located in Wayne County, with a zip code of 48047, this property boasts a highly desirable location characterized by high traffic volume and excellent visibility, ensuring significant exposure for any future development. The asking price is $119,900. Zoned for C1 commercial use, this versatile lot offers considerable potential. The property's size allows for the construction of a single commercial building or, alternatively, it could be subdivided into two separate lots, creating two distinct development sites. This flexibility makes it an ideal choice for a range of commercial ventures. The property's coordinates are 42.664829 latitude and -82.7670745 longitude. Given the seller's motivation, this is a rare chance to acquire a strategically located commercial land parcel in a thriving area. Don't miss this opportunity to secure a prime piece of real estate in a high-traffic location with excellent exposure. Serious inquiries only.
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.