53801 Gratiot Ave, Chesterfield, MI 48051-1718
This 1.6-acre commercial land parcel in New Baltimore, Michigan, is ideally situated on Gratiot Avenue, boasting 159.99 feet of prime frontage. Zoned M-1 for Light Industrial use, this property presents a compelling opportunity for developers and businesses seeking a strategic location in Macomb County. The asking price is $240,451, translating to a land value of $3.45 per square foot. City water and sewer services are readily available on-site, simplifying infrastructure needs. This parcel offers significant potential for various light industrial uses, benefiting from its high visibility and convenient access to major thoroughfares. Furthermore, there's an option to expand the footprint by combining this 1.6-acre lot with an adjacent 1.39-acre parcel, totaling nearly 3 acres for larger-scale projects. The property's address is 53801 Gratiot Avenue, New Baltimore, MI 48051. This location provides easy access to regional transportation networks and a thriving local market. The M-1 zoning allows for a wide range of light industrial applications, making this a versatile and attractive investment opportunity.
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
M1 LIG · 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.