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Property profile & analytics
OFF-MARKET
Land

53579 Gratiot Ave New Baltimore, MI 48051

2.99 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 2.99-acre parcel of land is ideally situated in New Baltimore, Michigan, at 53579 & 53801 Gratiot Avenue, offering significant potential for industrial development. The property boasts 370.73 feet of frontage on Gratiot Avenue, ensuring high visibility and accessibility. Zoned M-1 for Light Industrial use, this site is ready for immediate development. City water and sewer services are readily available, simplifying infrastructure needs. The asking price is $450,000, translating to a land value of $3.10 per square foot. This single-ownership property presents a rare opportunity to acquire a substantial industrial land holding in a desirable location. Its strategic positioning and zoning make it suitable for a variety of industrial uses, offering a strong return on investment. The property's size and location in Macomb County, Michigan, with a zip code of 48051, combine to create a compelling investment proposition. The site's ample frontage on Gratiot Avenue provides excellent exposure to high traffic volumes, enhancing its commercial appeal. This is a turnkey opportunity for businesses seeking a well-located, fully serviced industrial site.

Property profile
Verified
Property type Land
Lot 2.99 ac (130,244 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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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