59010 Gratiot AveNew Haven, MI 48048

  • Commercial real estate
  • 15,042 SF
For Sale
$1,800,000 View listing

Property Details for 59010 Gratiot Ave

Year built
2009
Lot size
2.08 AC
Property size (Sq ft)
15,042 SF
Zone code
GB
Property type
Commercial real estate
APN
26-06-27-300-023
APU
260627300023

Description

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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $3,580,948
    Hospitality
    $3,280,129
    Educational
    $2,729,029
    Medical
    $2,822,884
    Retail
    $4,245,156

Location Insight

City
New Haven
County
Macomb
State
Michigan
Latitude
42.7351
Longitude
-82.7834
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$43,269
-
-
$1,074,100
-
-
-
$2,148,200

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