Property profile

4450 24Th Ave Fort Gratiot, MI 48059

FOR LEASE
Commercial land
Property ID
US43-4512247
0.78 ac lot
Individually Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial land opportunity presents a rare chance to establish a presence in a thriving retail environment. Located at 4450 24th Ave in Fort Gratiot Township, Michigan, this single-tenancy property offers unparalleled visibility due to its strategic location at the intersection of 24th Ave and Keewahdin, boasting over 22,000 vehicles per day. The site is part of the successful Birchwood Mall complex, home to nearly 60 stores, including major anchors such as Target, Dunham's Sports, and JCPenney. The property benefits from the established success and high traffic volume generated by the mall and its diverse tenant mix. Nearby outlots are occupied by well-known businesses like Panera Bread and a newly constructed Culver's, further enhancing the area's appeal and foot traffic. This ground lease opportunity in St. Clair County (zip code 48059) provides a strong foundation for a variety of commercial ventures. The property is classified as commercial land with retail subtype. The site's high visibility and strategic location within a successful shopping center make it an ideal investment for businesses seeking significant exposure and a strong customer base. This is a 0 square foot building land parcel.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.78 ac (33,977 SF)
Zoning code C-2*
APN 74-20-022-1001-050
UPID US43-4512247

Cap rate & NOI

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

Location

4450 24Th Ave Fort Gratiot, MI 48059
Fort Gratiot metro Census 631600 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2022
6 recorded transactions
2022
Price N/A
2022
Price N/A
2021
Price N/A
2017
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C-2* · Fort Gratiot, 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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