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    FOR SALE
    Industrial land

    53153 Gratiot Ave, New Baltimore, MI 48051

    1,848 SF 6.67 ac lot Built 1910
    Individually Owned 21-yr Hold Free & Clear
    Property ID
    US43-3586880
    Property summary
    AI-generated overview

    This exceptional 6.76-acre parcel of land, identified by APN 09-08-476-002, presents a compelling investment opportunity in New Baltimore, Michigan. Located at 53153 Gratiot, this property boasts a desirable M-1 zoning designation, opening doors to a wide range of commercial and industrial development possibilities. The expansive lot size, totaling 294,466 square feet, offers significant flexibility for ambitious projects. With a generous lot width of 411 feet, the property benefits from dual frontage, enhancing its accessibility and visibility. Its strategic location near 24 Mile Road further amplifies its appeal, providing convenient access to major transportation routes and established infrastructure. The asking price for this remarkable property is $595,000. This exceptional site is ready for your vision, offering a unique chance to capitalize on the thriving commercial and industrial landscape of Macomb County. The property's size and zoning make it ideal for a variety of uses, from warehousing and manufacturing to retail and light industrial developments. Don't miss this opportunity to acquire a prime piece of land in a rapidly growing area. The zip code is 48051.

    Property profile
    Verified
    Property type Industrial land
    Use group INDUSTRIAL - VACANT LAND
    Year built 1910
    Total area 1,848 SF
    Lot 6.67 ac (290,632 SF)
    Zoning code R-1-A
    APN 15-09-08-476-002
    UPID US43-3586880
    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
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Kenneth Dupell · 21 yrs held
    Kenneth Dupell
    since 2005
    1 recorded transaction
    2005
    $550,000
    Zoning & alternative use
    R-1-A · Chesterfield, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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