Property profile

29270 26 Mile Rd New Baltimore, MI 48051

FOR SALE
Industrial land
Property ID
US43-1388089
4.89 ac lot
Entity Owned 14-yr Hold Free & Clear
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29270 26 Mile Rd, New Baltimore, MI 48051 For Sale
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29270 26 Mile Rd, New Baltimore, MI 48051
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Property summary

AI-generated overview

This exceptional 99-acre industrial property, located at 29270 26 Mile Road in New Baltimore, Michigan (zip code 48051), presents a significant development opportunity. Currently vacant, this expansive site is zoned for industrial use and boasts unparalleled access to major transportation arteries. The property's strategic location offers immediate access to I-94, significantly reducing transportation costs and improving logistics for any business. Further enhancing its appeal is the presence of CN Rail directly on the property, providing efficient and cost-effective freight transportation solutions. All utilities are readily available, simplifying the development process and minimizing upfront infrastructure costs. The asking price for this substantial parcel is $2,500,000. Given its size, location, and existing infrastructure, this property is ideally suited for large-scale industrial development or a single-user operation requiring significant space and convenient access to major transportation networks. This is a rare opportunity to acquire a prime industrial site in a thriving location with exceptional connectivity. The property is situated in Macomb County, Michigan. Its coordinates are latitude 42.718473 and longitude -82.815718. This offering represents a compelling investment prospect for discerning buyers seeking a substantial industrial land holding.

Property profile

Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Lot 4.89 ac (213,226 SF)
Zoning code M1 LIG
APN 15-09-04-100-016
UPID US43-1388089

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

29270 26 Mile Rd New Baltimore, MI 48051
New Baltimore metro Census 221500 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

since 2012
5 recorded transactions
2012
$510,000
2010
Price N/A
2004
$3.6M
2004
Price N/A
1969
Price N/A

Zoning & alternative use

M1 LIG · Chesterfield, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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