53579 Gratiot Ave New Baltimore, MI 48051
This exceptional 1.6-acre commercial land parcel is ideally situated on Gratiot Avenue in New Baltimore, Michigan, within Macomb County (zip code 48051). Zoned M-1 for Light Industrial use, this property offers significant potential for a variety of businesses. Boasting 210.74 feet of frontage on Gratiot Avenue, it ensures high visibility and accessibility. City water and sewer services are readily available on-site, simplifying development plans. The property's location provides easy access to major transportation routes, enhancing its appeal for businesses requiring efficient logistics. This parcel presents a unique opportunity for development, and there's also the possibility of combining it with an adjacent 1.39-acre parcel to create a larger 2.99-acre site, offering even greater flexibility and development potential. The asking price for this strategically located property is $208,891. Don't miss this chance to acquire a prime commercial land asset in a thriving 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
Similar Nearby for Sale
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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.