Property profile

48936 Gratiot Ave Chesterfield, MI 48051

OFF-MARKET
Commercial land
Property ID
US43-0096086
0.81 ac lot
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.81 ac (35,153 SF)
Zoning code C3 GEN
APN 15-09-30-251-012
UPID US43-0096086

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

48936 Gratiot Ave Chesterfield, MI 48051-2617
Chesterfield metro Census 221100 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2023
3 recorded transactions
2023
Price N/A
2018
Price N/A
1969
Price N/A

Zoning & alternative use

C3 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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