Gratiot Vacant 21.74 Acres (Commercial/Residential)

Vacant Land for Sale
Catylist Listing ID: 30328824
Property Subtypes: Agricultural, Hospitality, Industrial, Mobile Home Park, Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Self Storage, Vacation/Resort, Other
Gross Land Area: 21.74 Acres
Sale Price: $3,400,000
Unit Price: $156,393 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/19/2018

Overview / Comments

765 feet and 21.74 acres of Prime Gratiot frontage. Zoned commercial and residential. Join Walmart, Menards, Cabelas, Ford, Hampton Inn, Holiday Inn, Kenzington church. Perfect spot for a new residential development or business. The Homes and building on property are occupied and producing rent. Terms Available....Rare opportunity in this fast developing location!

Includes 45815, 45729, 45777 & 45925 Gratiot

Attachments & Media

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $38,100 (Annual)

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Macomb
Submarket/Township: Macomb East
Tax ID/APN: 000000000000000000
Zoning: C2 C4 R1
Property Located Between: Hall rd and 21 mile
Property Visibility: Excellent
Largest Nearby Street: Gratiot
Feet of Frontage: 765
Highway Access: Seconds to M-59 and I94
Site Description: 765 feet of Gratiot frontage, 21.74 acres. Includes 45815, 45729, 45777 & 45925 Gratiot.
Area Description: Vacant land zoned commercial and residential, 3 existing homes on property, and a recording studio. Fast developing area including Walmart, Menards, Cabelas, Ford, Hampton Inn, Holiday Inn, Kenzington Church.
Lot Frontage: 765
Lot Depth: est. 1300
Zoning Description: Commercial and Residential
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,396 60,058 190,733
Median Age: 39.92 36.55 39.48
Households: 2,716 22,433 73,182

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