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    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    65700 Gratiot Ave, Lenox, MI 48050-2017

    12,538 SF 2 ac lot Built 1979
    Entity Owned 4-yr Hold Free & Clear
    Property ID
    US43-1533021
    Property summary
    AI-generated overview

    This 12,538-square-foot warehouse, located at 65700 Gratiot Ave, New Haven, MI 48050, presents a compelling investment opportunity. Situated on a 2-acre lot in Macomb County, this Class C industrial property offers significant potential. Currently vacant with an occupancy date of October 16, 2024, the building boasts 30 parking spaces and features a permitted zoning of CG – Licensed for Recreational Cannabis Grow. Built in 1979, the single-building property offers 632 feet of frontage on Gratiot Avenue, providing excellent visibility and accessibility. The property is ideally positioned for various uses, including distribution, warehousing, and other industrial applications. Its strategic location offers convenient access to major roadways and commercially dense intersections, including Gratiot Avenue and 31 Mile Road. The surrounding area demonstrates strong demographics, with an average household income exceeding $94,000 within a 5-mile radius. This fee-simple ownership provides complete control and flexibility for the buyer. The property's proximity to Detroit (approximately 40 miles north) further enhances its appeal. This is a value-add opportunity for investors seeking a strategic location in Lenox Township, Michigan.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1979
    Total area 12,538 SF
    Lot 2 ac (87,120 SF)
    Zoning code COMM/IMPR
    APN 19-06-12-300-008
    UPID US43-1533021
    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
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Great Lakes Herbal Remedies LLC · 4 yrs held
    Great Lakes Herbal Remedies LLC
    since 2021
    Last sale
    $1.0M
    5 recorded transactions
    2021
    $700,000
    2021
    $1.0M
    2018
    2016
    2006
    Zoning & alternative use
    COMM/IMPR · Lenox, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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