Commercial Property - Lake Michigan Dr. / Wilson Ave.

Vacant Land for Sale
Sale Pending/Contingent
Also listed as Retail-Commercial
Catylist Listing ID: 29736968
Property Subtypes: Multi-Family, Office, Retail
Status: Pending/Contingent
Gross Land Area: 1.12 Acres
Sale Price: $119,000
Unit Price: $106,250 Per Acre
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/18/2017

Overview / Comments

Sessions Pointe is a new residential / commercial development on Grand Rapids' growing west side. Located on Lake Michigan Drive - one mile west of Wilson Avenue, and equidistant between the downtown GR and Allendale campuses of GVSU.

The entrance to Sessions Pointe is fronted by (8) choice commercial lots - two with direct visibility from Lake Michigan Drive. Sessions Pointe Drive then leads back to the rapidly-progressing residential home development further to the north.

Financials

Finance Data Year 2012
Real Estate Taxes - Annual($) $155 (Annual)

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Kent
Taxing Authority: Tallmadge Township
Tax ID/APN: 70-10-24-393-001
Zoning: COMMERCIAL
Market Type: Medium
Property Located Between: Off of Lake Michigan Drive - one mile west of Wilson Avenue.
Side of Street: East
Road Type: Paved
Property Visibility: Good
Legal Description: UNIT 8. SESSIONS POINTE BUSINESS PARK CONDOMINIUMS AS RECORDED IN OTTAWA COUNTY REGISTER OF DEEDS DOC # 2008-0044520 CONDO PLAN # 548 SEC 24 T7N R13W
Largest Nearby Street: Lake Michigan Dr / Wilson Ave
Feet of Frontage: 249
Traffic/Vehicle Count: 20,000
Transportation: Bus
Airports: Gerald R. Ford International Airport (GRR)
Site Description: Lot #8 is located on Sessions Drive off Lake Michigan Dr. (M-45) Approx. 1 Mile west of Wilson Ave or approx. 6 miles East of Grand Valley State University in Allendale.; Lot # 8 is located on Sessions Dr. and is part of Sessions Pointe Condominium Business Park; Lake Michigan Drive at Sessions Drive
Lot Frontage: 249.79' (x 148.70' x 234.02' x 240.50')
Lot Depth: 240 / 148
Zoning Description: Commercial
Development Name: Sessions Pointe Business Park Condominiums
Topography: Level
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable, Broadband

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,398 25,697 89,300
Median Age: 34.06 37.17 36.85
Households: 1,249 10,049 34,800

Contact

Photograph of Listing Agent

Jeffrey A. Rogers

FS Realty LLC CARWM Member
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