0 Anchor Dr New Baltimore, MI 48047
This exceptional 46.5-acre parcel presents a remarkable opportunity for residential development in Chesterfield, Michigan. Located in Macomb County, near the intersection of Anchor Drive and Kingsberry Drive, this flat, wooded land boasts a prime location with convenient access to major thoroughfares. Its R-1-B zoning allows for significant development potential, estimated at 3-4 lots per acre, yielding a total of 120 to 140 lots. The property's proximity to Lake St. Clair, Selfridge Air Base, Hall Road, and I-94 provides exceptional convenience and accessibility. Existing infrastructure is a key advantage, with sewer, water, and storm services readily available on-site. This expansive tract offers a unique chance to create a thriving residential community in a highly desirable area. The asking price for this exceptional land is $3,000,000. The property's address is Anchor Dr, Chesterfield, MI 48047. The total acreage is 1,976,753 square feet. This represents a significant investment opportunity with substantial returns. The property's flat terrain and wooded setting offer a beautiful backdrop for a new residential development. The convenient location near major roadways and amenities makes this land particularly attractive to builders and developers.
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.
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.