Technical
Financial
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Property profile

00 Gratiot Ave Richmond, MI 48062

OFF-MARKET
Land
49.18 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 49.18 ac (2,142,281 SF)

Cap rate & NOI

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

Location

00 Gratiot Ave Richmond, MI 48062
Richmond metro
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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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