Property profile

48745 Gratiot Ave Chesterfield, MI 48051

OFF-MARKET
Industrial land
Property ID
US43-0161065
1,152 SF 3.02 ac lot Built 1930
Entity Owned 17-yr Hold Free & Clear
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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

Location

48745 Gratiot Ave Chesterfield, MI 48051-2614
Chesterfield metro Census 221100 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$110k

Owner & transaction history

since 2009
4 recorded transactions
2009
$315,000
2007
Price N/A
2007
Price N/A
2007
Price N/A

Zoning & alternative use

M2 GEN · 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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