000 Gratiot Ave Richmond, MI 48062
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.
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
Similar Nearby for Lease
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.