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Property profile & analytics
OFF-MARKET
Land

53579 Gratiot Ave New Baltimore, MI 48051

1.6 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 1.6 ac (69,696 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
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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