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Property profile & analytics
OFF-MARKET
Land

0 .630 Acres Vacant Land Gratiot New Baltimore, MI 48047

0.63 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 0.63 ac (27,443 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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