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Property profile & analytics
OFF-MARKET
Land

000 Gratiot Ave Richmond, MI 48062

49.18 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 49.18-acre vacant land parcel presents a remarkable investment opportunity in Lenox Township, Michigan. Strategically located on Gratiot Avenue, this property boasts significant commercial potential due to its high visibility and convenient access. The expansive lot features 117 feet of frontage on Gratiot Avenue and a substantial depth of 636 feet. Public sewer and water services are readily available at the street, simplifying development plans. Prospective buyers are strongly encouraged to independently verify all details pertaining to zoning regulations, sewer and water connections, and any applicable development plans directly with Lenox Township officials. This property's size and location make it ideal for a variety of commercial ventures, offering a unique chance to establish a significant presence in a thriving area. Prior to accessing the property, interested parties must notify the appropriate parties. The asking price for this exceptional land parcel is $1,800,000. This is a rare opportunity to acquire a large, well-situated commercial property in a desirable Michigan location. Don't miss out on this chance to build your vision.

Property profile
Verified
Property type Land
Lot 49.18 ac (2,142,281 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
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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