Entity Owned Property summary
This 14,564-square-foot, single-story building, formerly a Rite Aid, sits on a 2.08-acre lot in New Haven, Michigan. Built in 2009, the property features high-image brick construction and a drive-thru. Located at a signalized intersection of Gratiot Avenue and 27 Mile Road, it offers excellent visibility and accessibility. The General Business zoned lot benefits from its prominent hard-corner location and proximity to I-94 (approximately 2 miles from the 26 Mile Road exit). The vacant building presents significant re-tenanting and redevelopment potential, situated in a rapidly growing area of northern Macomb County with numerous nearby housing developments. The asking price is $1,800,000, translating to $123.59 per square foot. The property includes pylon signage on both roads and convenient ingress/egress from both Gratiot Avenue and 27 Mile Road. This value-add investment opportunity is ideal for those seeking a prime retail location in a thriving suburban market.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
ns. Article XI GBD General Business Downtown District § 515-45 Intent. § 515-46 Principal permitted uses. § 515-47 Special land uses. § 515-48 Accessory structures and uses. § 515-49 Development regulations. Article XII…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
GB · New Haven, MIns. Article XI GBD General Business Downtown District § 515-45 Intent. § 515-46 Principal permitted uses. § 515-47 Special land uses. § 515-48 Accessory structures and uses. § 515-49 Development regulations. Article XII…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
ns. Article XI GBD General Business Downtown District § 515-45 Intent. § 515-46 Principal permitted uses. § 515-47 Special land uses. § 515-48 Accessory structures and uses. § 515-49 Development regulations. Article XII…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for GB in New Haven, MI.
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