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: $3,399,000
Unit Price: $156,347 Per Acre
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 7/31/2020

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, and future location of Outlet Mall. Perfect spot for a new residential development and/or business/strip center frontage, or industrial building. The Homes and building on property are occupied and producing rent, providing POSITIVE CASH FLOW. Terms Available....Rare opportunity in this fast developing location!

Includes 45815, 45729, 45777 & 45925 Gratiot

Attachments & Media


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, 4 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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