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    OFF-MARKET
    Commercial real estate

    65600 Gratiot Ave, Lenox, MI 48050-2016

    3 ac lot Built 1972
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US43-0676242
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1972
    Lot 3 ac (130,680 SF)
    Zoning code IND/IMPR
    APN 19-06-12-300-035
    UPID US43-0676242
    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
    Kk Lenox Real Estate LLC · 3 yrs held
    Kk Lenox Real Estate LLC
    since 2022
    1 recorded transaction
    2022
    Zoning & alternative use
    IND/IMPR · Lenox, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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