4450 24Th Ave, Fort Gratiot, MI 48059
For Lease
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
C-2* · Fort Gratiot, MIFort Gratiot. 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.