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    65700 Gratiot Ave New Haven, MI 48050

    • Commercial real estate
    • 12,538 SF
    • 2.00 lot acres
    For Sale
    View listing
    Value Estimation
    Last Sale
    Oct 07, 2021
    $1,000,000
    Location Intelligence
    Property ID
    US43-1533021
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 65700 Gratiot Ave

    Year built
    1979
    Lot size
    2.00 lot acres
    Property size
    12,538 SF
    Zone code
    COMM/IMPR
    Property type
    Commercial real estate
    APN
    19-06-12-300-008
    APU
    190612300008

    Description

    This 12,538-square-foot warehouse, located at 65700 Gratiot Ave, New Haven, MI 48050, presents a compelling investment opportunity. Situated on a 2-acre lot in Macomb County, this Class C industrial property offers significant potential. Currently vacant with an occupancy date of October 16, 2024, the building boasts 30 parking spaces and features a permitted zoning of CG – Licensed for Recreational Cannabis Grow. Built in 1979, the single-building property offers 632 feet of frontage on Gratiot Avenue, providing excellent visibility and accessibility. The property is ideally positioned for various uses, including distribution, warehousing, and other industrial applications. Its strategic location offers convenient access to major roadways and commercially dense intersections, including Gratiot Avenue and 31 Mile Road. The surrounding area demonstrates strong demographics, with an average household income exceeding $94,000 within a 5-mile radius. This fee-simple ownership provides complete control and flexibility for the buyer. The property's proximity to Detroit (approximately 40 miles north) further enhances its appeal. This is a value-add opportunity for investors seeking a strategic location in Lenox Township, Michigan.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,200,000

    • CAP approach

      CAP return
      Estimation
      6%
      $870,000
      6.5%
      $860,000
      7%
      $885,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $850,000
      Geo Method
      $930,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $780,000
      Retail
      $1,015,000
      Mixed-Use
      $745,000
      Hospitality
      $865,000
      Educational
      $935,000
      Residential Income
      $755,000
      Energy
      $795,000
      Income-Based Land
      $885,000
      Food Service
      $865,000

    Location Insight

    • Map
    • Local Demand
    City
    Lenox
    County
    Macomb
    State
    Michigan
    Longitude
    -82.7434
    Latitude
    42.785
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $15,783
    $0.00
    $0.00
    $322,900
    -
    $0.00
    $0.00
    $645,800

    Comparable in this City

    • Value Estimation by Request
      10.61 Acres

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      Land • 10.61 Acres
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    • Value Estimation by Request
      3,360 SF

      34340 32nd Mile Rd

      COMMERCIAL (GENERAL) • 3,360 SF
      34340 32nd Mile Rd, Lenox, MI 48050
      View Details
    • Value Estimation
      $210,000
      2,760 SF

      65295 Gratiot Ave

      COMMERCIAL (GENERAL) • 2,760 SF
      65295 Gratiot Ave, Lenox, MI 48050-2009
      View Details
    • Value Estimation
      $420,000
      648 SF

      31840 Grifor Dr

      COMMERCIAL (GENERAL) • 648 SF
      31840 Grifor Dr, Lenox, MI 48050-1733
      View Details
    • Value Estimation
      $435,000
      648 SF

      31819 Grifor Dr

      COMMERCIAL (GENERAL) • 648 SF
      31819 Grifor Dr, Lenox, MI 48050-1734
      View Details
    • Value Estimation
      $450,000
      648 SF

      66525 Kuster Rd

      COMMERCIAL (GENERAL) • 648 SF
      66525 Kuster Rd, Lenox, MI 48050-1749
      View Details

    Similar Nearby for Sale

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    65700 Gratiot Ave
    New Haven, MI 48050
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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