65600 Gratiot Ave, Lenox, MI 48050-2016
This exceptional investment opportunity presents a 1,000 square foot, 80-unit storage facility situated on a 3.35-acre lot in New Haven, Michigan (APN: 19-06-12-300-035). The property, located at 65600 Gratiot Ave, 48050, boasts a prime location near a commercially dense intersection (Gratiot Avenue and 31 Mile Road), benefiting from high traffic volume and visibility. Built in 1980 and renovated in 2023, the facility offers significant value-add potential, with the existing zoning (CG – General Commercial Approved for Mini Storage Solutions) permitting expansion to up to 400 units. The property is currently vacant, offering immediate control and flexibility for the new owner. The asking price is $799,000 ($6.11/sq ft). The 1,000 square foot house on the property includes 3 bedrooms and 1 bath. The surrounding area features a high average household income (over $90,000 within a 5-mile radius) and is conveniently located within a 30-minute drive of both Detroit and Port Huron, making it a strategic location with strong potential for growth. Numerous national brands are located nearby, including Little Caesars, T-Mobile, Kroger, and many others, indicating a robust and established commercial environment. This fee-simple ownership provides complete control and upside potential for a savvy investor seeking a strong return on investment in a thriving market.
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
Property description
Physical attributes from public recordsZoning & alternative use
IND/IMPR · Lenox, MILenox. 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.