48745 Gratiot Ave, Chesterfield, MI 48051-2614
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
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
M2 GEN · Chesterfield, MIChesterfield. 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.