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    OFF-MARKET
    Industrial land

    53801 Gratiot Ave, Chesterfield, MI 48051-1718

    818 SF 1.28 ac lot Built 1952
    Entity Owned 10-yr Hold Free & Clear
    Property ID
    US43-1094318
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Industrial land
    Use group INDUSTRIAL - VACANT LAND
    Year built 1952
    Total area 818 SF
    Lot 1.28 ac (55,800 SF)
    Zoning code M1 LIG
    APN 15-09-09-300-004
    UPID US43-1094318
    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
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    Owner & transaction history
    Shd Ventures LLC · 10 yrs held
    Shd Ventures LLC
    since 2015
    3 recorded transactions
    2015
    2015
    $860,000
    2006
    Zoning & alternative use
    M1 LIG · Chesterfield, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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