23 Mile Rd, New Baltimore, MI 48047
For Sale
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This exceptional 7-acre property in Chesterfield Township, Michigan, presents a remarkable investment opportunity. Located on 23 Mile Road, this site boasts a highly desirable split zoning designation, encompassing both RM1 (residential) and Commercial zoning. The commercial portion, fronting 23 Mile Road, offers significant potential for various commercial or office developments, while the rear portion, zoned RM1, is ideal for residential projects such as condominiums. All utilities are conveniently located at the road, including a fire hydrant, storm sewers, and sanitary sewers (as detailed in the attached survey). Access to the rear of the property is facilitated by a stubbed road off Bower Court, enhancing development flexibility. The property's strategic location in the growing Chesterfield Township ensures strong potential for future appreciation. Given the split zoning, the property may be subdivided and sold separately, offering further investment options. The asking price for this exceptional parcel is $1,200,000. The APN is 15-09-21-201-018. This is a rare opportunity to acquire a large, versatile parcel in a prime location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
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
C3 GEN · Chesterfield Township, MIChesterfield Township. Always verify with local authorities before improvements.
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.