00 Gratiot Ave Richmond, MI 48062
This exceptional 49.18-acre commercial land parcel presents a remarkable investment opportunity in Richmond, Michigan. Located at 00 Gratiot Ave, this property boasts significant frontage (117 feet) on the heavily trafficked Gratiot Avenue, extending 636 feet deep. Its strategic location within a thriving commercial area ensures high visibility and accessibility for any development. The property is zoned for commercial use, providing flexibility for a wide range of projects. Conveniently situated, public sewer and water services are readily available at the street. The expansive lot size offers ample space for large-scale developments, making it ideal for businesses seeking significant footprint and high-impact presence. The property's APN is 190612276011. This is a rare opportunity to acquire a substantial commercial land parcel in a prime location with excellent infrastructure access. The asking price for this exceptional property is $1,800,000. Serious inquiries are encouraged. The property is located in Macomb County, Michigan, with a zip code of 48062.
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.