Property profile

0 Forest Ave New Haven, MI 48050

OFF-MARKET
Land
10 ac lot
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Property summary

AI-generated overview

This exceptional 10-acre parcel of land, located at 00 S Forest Ave, Richmond, MI 48050 (Macomb County), presents a unique opportunity for industrial development. Zoned for light industrial use, this property offers significant potential for a variety of projects. The asking price is $249,900. Existing improvements include a culvert and a driveway, simplifying the initial stages of development. A portion of the land has been cleared, providing a level area ready for construction, while the remainder features mature trees, offering potential for landscaping or preservation. The seller is open to considering all reasonable offers. This property is conveniently located in Richmond, Michigan, providing easy access to major transportation routes and infrastructure. The property's size and zoning make it ideal for a range of industrial uses, from warehousing and distribution to light manufacturing. Don't miss this chance to acquire a valuable piece of industrial real estate in a thriving Michigan community. Serious inquiries only.

Property profile

Verified
Property type Land
Lot 10 ac (435,600 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Forest Ave New Haven, MI 48050
New Haven metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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