48530 Gratiot Ave New Baltimore, MI 48051
This 1.41-acre commercial land parcel, located at 48530 Gratiot in Chesterfield, Michigan (zip code 48051), presents a prime development opportunity. Zoned C3, this property boasts exceptional visibility on a high-traffic section of Gratiot Avenue, offering 145 feet of frontage and a depth of 432 feet. The total land area encompasses 61,420 square feet (1.41 acres), providing ample space for various commercial ventures. Its strategic location offers easy access to major thoroughfares, including I-94 and Hall Road, ensuring high traffic volume and convenient access for potential customers. All utilities are readily available, simplifying the development process. The property's APN is 09-30-251-022. This location is ideal for businesses seeking high visibility and convenient access to a large customer base. The asking price for this exceptional commercial land is $285,000. This represents a significant opportunity for investors and developers seeking a strategic location in a thriving commercial area.
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.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.