0 Fairchild Rd New Baltimore, MI 48042
This exceptional 71-acre parcel of land presents a unique opportunity for residential development in New Baltimore, Michigan. Located off Fairchild Road, just north of 24 Mile Road, this property boasts a desirable location with convenient access to local amenities. The land is zoned A-1, allowing for minimum 1-acre residential lots, providing flexibility for various development plans. The asking price is $1,700,000, translating to a land value of $18,309 per square foot. A significant advantage is the presence of a water main running along Fairchild Road, simplifying infrastructure development. While sanitary sewer access will require extension to the property, the existing water infrastructure significantly reduces development costs and timelines. The property's APN is 09-07-301-001. This substantial acreage offers developers a chance to create a thriving residential community in a sought-after area of Macomb County. The property is situated in the city of Macomb, MI, zip code 48042, and its coordinates are 42.6688347 latitude and -82.8559148 longitude. This is an exceptional opportunity for investors seeking a large-scale residential development project in a prime location.
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.