For Sale
$2,499,000

55370 Gratiot Ave New Baltimore, MI 48051

Prime multifamily land, high visibility, excellent location.

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional 15-acre parcel presents a remarkable opportunity for multifamily development. Located in Chesterfield Township, Michigan, at 55370 Gratiot Ave, this property boasts 760 feet of frontage on the highly trafficked Gratiot Avenue, ensuring excellent visibility and accessibility. The land is zoned RM-2 Multi Family, allowing for a variety of residential construction projects. The property comprises four individual parcels, identified by APN 15-09-04-451-010, and is privately owned. Situated conveniently on the east side of Gratiot Avenue, north of 25 Mile Road, this location offers easy access to major roadways and amenities. The asking price for this significant development opportunity is $2,499,000. The substantial lot size and prime location make this an ideal investment for developers seeking to capitalize on the growing demand for multifamily housing in the area. This is a rare opportunity to acquire a large, well-positioned parcel ready for immediate development. The property's high visibility and convenient location make it an attractive prospect for a variety of multifamily projects.

Highlights

  • 15-acre multifamily development site in Chesterfield Township, MI.
  • 760 feet of frontage on high-traffic Gratiot Avenue.
  • Excellent visibility and accessibility.

Property Details for 55370 Gratiot Ave

Property type
Land
Lot Size (sq. ft)
653,400 SF

Location Insight

City
New Baltimore
County
Macomb
State
Michigan
Latitude
42.706974
Longitude
-82.806562

FAQs

What type of property is this?
Land - Prime multifamily land, high visibility, excellent location.
Where is the land located?
The property is located at 55370 Gratiot Ave New Baltimore, MI.
What is the asking price?
The asking price for this property is $2,499,000.
What are key features of this property?
This property features: 15-acre multifamily development site in Chesterfield Township, MI.; 760 feet of frontage on high-traffic Gratiot Avenue.; Excellent visibility and accessibility.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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55370 Gratiot Ave
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