111 W Pine Lake - Lot 16

Vacant Land for Sale
Catylist Listing ID: 29646955
Property Subtypes: Industrial, Office, Retail
Gross Land Area: 1.67 Acres
Sale Price: $175,000
Unit Price: $104,790 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/20/2017

Overview / Comments

Prime outlot zoned B-1, B-2 or Industrial across from Donnelly Corporation and adjacent to Leppink's grocery store anchored shopping center, as part of a large mixed use River Valley development that includes retail, office, medical and multifamily uses, as well as neighboring industrial use. Neighboring retailers include Family Farm & Home, Shopko, O'Reilly Auto Parts, Subway, Hometown Pharmacy, Wendy's, Burger King, Sav-A-Lot, Family Dollar and Choice One Bank. The River Valley development is situated at a major crossroads of two Class A roads - M-37 and M-82. This corner is a regional draw providing both comer and destination traffic.


Finance Data Year 2014
Assessed Value - Total($) $62,500 (Annual)
Real Estate Taxes - Annual($) $105 (Annual)

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Newaygo
Submarket/Township: Other area
Tax ID/APN: 62-19-30-130-004
Zoning: B-1, B-2 OR I
Market Type: Small
Side of Street: Northeast
Road Type: Paved
Property Visibility: Excellent
Legal Description: Lot 16 of the River Valley Center Plat No. 2, City of Newaygo, Newaygo County, State of Michigan
Largest Nearby Street: M-82 and M-37
Feet of Frontage: 244
Highway Access: M-82 and M-37
Site Description: Lot 16 of the River Valley Center Plat No. 2, City of Newaygo, Newaygo County, State of Michigan
Area Description: DIRECTIONS: Corner of Neway Drive and W Pine Lake Drive, just east of M-37 and M-82
Lot Frontage: 244
Lot Depth: 238
Zoning Description: B-1, B-2 and I
Topography: Level
Easements: Utilities
Easements Description: Of Record
Soil Type: Sandy
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,204 3,451 8,794
Median Age: 29.52 37.2 40.41
Households: 443 1,347 3,271


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