53579 Gratiot Ave New Baltimore, MI 48051
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.
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.