48936 Gratiot Ave Chesterfield, MI 48051-2617
This exceptional 4.4-acre commercial and industrial land parcel presents a unique development opportunity in New Baltimore, Michigan. Located at 48936 Gratiot Ave, 48051, this property boasts approximately 625 feet of frontage on Gratiot Avenue, a high-traffic thoroughfare. The site benefits from the convenience of all utilities readily available at the street, minimizing infrastructure costs for future projects. A key advantage is the presence of a traffic light at the intersection of Gratiot Avenue and 22 Mile Road, ensuring excellent visibility and accessibility. The property is zoned C-3, offering flexibility for a variety of commercial and industrial uses. The parcel, identified by APN numbers 09-30-251-012, 15-09-19-452-004, and 15-09-30-251-043, is priced at $395,000, or $89,773 per acre. Furthermore, this sizable lot can be purchased as a single 4.4-acre tract or divided into two approximately 2-acre parcels, catering to diverse development needs and budgets. This prime location in Macomb County offers significant potential for investors and developers seeking a strategic foothold in a thriving market. The property's high visibility, convenient access, and flexible zoning make it an ideal site for a wide range of commercial and industrial ventures.
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
C3 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.