Property profile

0 Gratiot Vacant Land New Haven, MI 48048

OFF-MARKET
Land
24.78 ac lot
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Property summary

AI-generated overview

This exceptional 24.78-acre commercial land parcel presents a compelling investment opportunity in Macomb County, Michigan. Strategically located in the Township of Lenox, near the city of New Haven, this property boasts 1250.81 feet of frontage on Gratiot Avenue, ensuring high visibility and accessibility. The asking price is $500,000, translating to an attractive price per acre of $20,178. The land is zoned for commercial use, providing flexibility for a wide range of development projects. All city utilities are readily available, including city water, sewer, and natural gas, simplifying infrastructure needs. The terrain is flat, making site preparation and construction straightforward. This property's location just north of 27 Mile Road and its proximity to New Haven offer excellent access to a thriving community and major transportation routes. The combination of size, zoning, utilities, and location makes this a rare and highly desirable commercial land offering. Don't miss this chance to acquire a significant parcel in a rapidly developing area. The property is located at Gratiot Vacant Land, Township of Lenox, Macomb County, MI 48048. Latitude: 42.7389308, Longitude: -82.7810592.

Property profile

Verified
Property type Land
Lot 24.78 ac (1,079,417 SF)

Cap rate & NOI

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

Location

Gratiot Vacant Land New Haven, MI 48048
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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