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Property profile & analytics
OFF-MARKET
Land

0 Fairchild Rd New Baltimore, MI 48042

71 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 71 ac (3,092,760 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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