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    FOR LEASE
    Commercial land

    4450 24Th Ave, Fort Gratiot, MI 48059

    0.78 ac lot
    Individually Owned 4-yr Hold Free & Clear
    Property ID
    US43-4512247
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Harvey G Schmidt · 4 yrs held
    Harvey G Schmidt
    since 2022
    6 recorded transactions
    2022
    2022
    2021
    2017
    1969
    1969
    Zoning & alternative use
    C-2* · Fort Gratiot, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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