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Property profile & analytics
FOR SALE
Commercial land

51124 Sass Rd Chesterfield New Baltimore, MI 48047

21,400 SF 5.49 ac lot Built 1964
Entity Owned 8-yr Hold Free & Clear
Property ID
US43-5030093
Property summary
AI-generated overview

This exceptional 5.49-acre commercial land parcel presents a remarkable investment opportunity in New Baltimore, Michigan. Strategically located at a signaled intersection on 51124 Sass Road, this corner lot boasts unparalleled visibility and high traffic counts, ensuring maximum exposure for any development. The property is zoned C-3, General Commercial, allowing for a wide range of potential uses. This build-to-suit or sale opportunity offers significant advantages for businesses seeking a prominent location with excellent access to major transportation routes. The quick access to I-94 provides seamless connectivity to regional markets and beyond. The property's expansive size and prime location make it ideal for a variety of commercial ventures, from retail establishments and office buildings to industrial facilities. The parcel's APN is 15-09-15-400-007. The asking price for this exceptional property is $595,000. This is a rare chance to acquire a highly desirable commercial site in a thriving Michigan community. Don't miss this opportunity to secure a prime location for your next business venture. The property is located in Macomb County, Michigan, with a zip code of 48047. The coordinates are latitude 42.676239 and longitude -82.786125.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1964
Total area 21,400 SF
Lot 5.49 ac (239,144 SF)
Zoning code C3 GEN
APN 15-09-15-400-007
UPID US43-5030093
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
by Request
Comparable Approach Comparable
$1.19M
Blend (final) Blend
$1.19M
Owner & transaction history
23 & Chesterfield LLC · 8 yrs held
23 & Chesterfield LLC
since 2017
6 recorded transactions
2017
Price N/A
2012
$223,138
2012
$223,138
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
C3 GEN · Chesterfield, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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