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    OFF-MARKET
    Industrial land

    48745 Gratiot Ave, Chesterfield, MI 48051-2614

    1,152 SF 3.02 ac lot Built 1930
    Entity Owned 17-yr Hold Free & Clear
    Property ID
    US43-0161065
    Property summary
    AI-generated overview

    This exceptional 3.02-acre industrial land parcel presents a unique investment opportunity in the thriving Chesterfield Township, Michigan. Located at 48745 Gratiot Ave, New Baltimore, MI 48051, this fee-simple property boasts an enviable location with high visibility and significant traffic counts. The site features 303 feet of frontage on Gratiot Avenue, a major thoroughfare with a daily traffic volume of 32,663 vehicles. Its M-1 zoning permits a wide range of industrial uses, making it ideal for manufacturing, logistics, or warehousing operations. The property benefits from readily available on-site utilities, including electricity, water, gas/propane, telephone, cable, and irrigation. Adding to its strategic advantage, the land backs up to railroad tracks, providing convenient access to rail transportation. Furthermore, the property is situated less than a mile from the Chesterfield Fire Station, ensuring quick response times in case of emergencies. The surrounding area is home to a cluster of established industrial businesses, including X-Treme Auto Truck & Performance, Bobcat of Motor City East, Troy Tube & Manufacturing, Arnold Tool & Die, Riverside Manufacturing, and Vanguard Conversion & Fulfillment, creating a synergistic environment for potential development. The area also offers a variety of nearby retail amenities, including restaurants, a yoga studio, and other conveniences, catering to the needs of employees and visitors. This prime industrial land offers a compelling combination of location, utility access, and zoning flexibility, making it an attractive proposition for discerning investors and developers. Asking price is $675,000.

    Property profile
    Verified
    Property type Industrial land
    Use group INDUSTRIAL - VACANT LAND
    Year built 1930
    Construction METAL FRAME
    Total area 1,152 SF
    Lot 3.02 ac (131,551 SF)
    Zoning code M2 GEN
    APN 15-09-30-126-029
    UPID US43-0161065
    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
    48745 Gratiot Avenue LLC · 17 yrs held
    48745 Gratiot Avenue LLC
    since 2009
    4 recorded transactions
    2009
    $315,000
    2007
    2007
    2007
    Zoning & alternative use
    M2 GEN · Chesterfield, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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