16+ Acres for Residential Development

Vacant Land for Sale
Catylist Listing ID: 30040337
Property Subtypes: Multi-Family, Residential (Single Family)
Gross Land Area: 16 Acres
Sale Price: $320,000
Unit Price: $20,000 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/7/2017

Overview / Comments

The property is comprised of 16 acres, and is part of a larger parcel. It is located just East of The Lakes Mall, with a host of national retailers, including Bed, Bath & Beyond, Dicks Sporting Goods, JC Penney, Sears, Yonkers and more. The property is flat, wooded, offers approx. 400’ frontage along Quarterline Road, and is 1,350’ deep. The parcel is easily accessed from US-31. It is master planned for Medium Density Residential (15,000 square feet per unit) and is ready for a high quality development.

Additional Details

Nearest MSA: Muskegon
County: Muskegon
Tax ID/APN: 15-122-400-0020-00
Zoning: RESIDENTIAL
Property Located Between: Just east of The Lakes Mall
Property Visibility: Excellent
Largest Nearby Street: Between East Sternberg and East Mt. Garfield
Traffic/Vehicle Count: 23,400
Highway Access: US-31
Site Description: The property is flat, wooded, offers approx. 400’ frontage along Quarterline Road, and is 1,350’ deep. The parcel is easily accessed from US-31. It is master planned for Medium Density Residential (15,000 square feet per unit) and is ready for a high quality development.
Area Description: The property is located along Quarterline Road, between East Sternberg and East Mt. Garfield Roads, in Muskegon County’s most popular retail destination, just East of 650,000 sq. ft. ‘The Lakes’ regional mall. Muskegon is a popular tourist destination with over 3 million visitors annually, and has potential for significant internal growth as well, as the Little River Band of Ottawa Indians seeks to build a casino and a new highway interchange is planned nearby the site.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,384 22,944 74,081
Median Age: 45.9 41.58 40.06
Households: 600 9,288 28,605

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