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Property profile & analytics
OFF-MARKET
Industrial land
55721 Gratiot Ave, Chesterfield, MI 48051-1219
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-1730856
Property summary
AI-generated overview
This 3.49-acre parcel of land, located at 55721 Gratiot Ave, New Baltimore, MI 48051 (APN: 09-04-401-007), is offered at $225,000 ($64,469/acre). The property boasts 181.5 feet of frontage on Gratiot Avenue and is zoned M-2 Heavy Industrial, making it ideal for a variety of industrial uses. Situated in a high-growth corridor, this site presents a significant opportunity for future development. The land is clear and level, providing an excellent foundation for construction. A neighboring vacant lot is also available for purchase, expanding the total acreage to 6.99 acres. This property is priced to sell, reflecting the seller's motivation to finalize a transaction quickly. The property is located in Macomb County, Michigan.
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
3.67 ac (160,039 SF)
Zoning code
M2 GEN
APN
15-09-04-401-006
UPID
US43-1730856
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Raed Aed Younus Hakeem · 1 yrs held
Raed Aed Younus Hakeem
since 2024
1 recorded transaction
Zoning & alternative use
M2 GEN · Chesterfield, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Chesterfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chesterfield submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$1,723
Tax year 2022
Assessed value
$79,900
Assessed 2023
Previous assessed
$75,100
+6.4% YoY
Effective rate
2.16%
On assessed value
Total market value
$159,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Heating
NONE
Lot
3.67 ac (160,039 SF)
Zoning code
M2 GEN
APN
15-09-04-401-006
UPID
US43-1730856
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
M2 GEN · Chesterfield, MI
Zoning M2 GEN · permitted uses
M2 GEN · Chesterfield, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chesterfield. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
3.67 ac
Current owner
From public records · entity-resolved
Raed Aed Younus Hakeem
Individual
Free & Clear · 1 yrs held
Mailing address
54949 CABRILLO DR, MACOMB, MI 48042-6134
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2024
$275,000
Raed Aed Younus Hakeem
Shores Enterprises INC
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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