LAKE MICH. DR. - Retail / Restaurant / Office or Mixed-Use

Vacant Land for Sale
Catylist Listing ID: 30314917
Property Subtypes: Hospitality, Multi-Family, Office, Retail
Gross Land Area: 1.62 Acres
Sale Price: $175,000
Unit Price: $108,024 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/16/2019

Overview / Comments

Prime commercial acreage along Lake Michigan Dr. - one mile west of the Lake Michigan Dr. / Wilson Ave intersection. Located within the entrance way commercial district of the Sessions Pointe PUD. Includes city water / sewer and all utilities on-site.

Perfect for bank, restaurant, retail, office, or mixed-use development.

Liquor licenses likely available through Tallmadge Township.

Sessions Pointe is the premier residential / commercial development in Tallmadge Township. Phase I residential nearing completion (41 homes) - with Phase II residential development currently underway. Ready for residential construction in Fall 2018 - with a total of 58 additional single-family home sites.

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Ottawa
Submarket Type: Suburban
Taxing Authority: Tallmadge Township
Tax ID/APN: 70-10-24-393-001 & 70-10-24-300-067
Property Located Between: Wilson & 8th Avenue
Property Visibility: Excellent
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 and PART OF SW 1/4 COM N 0D 50M 20S W 948.83 & N 87D 53M 36S W 234.91 FT FROM S 1/4 COR, TH S 0D 50M 44S E 156.09 FT, N 87D 53M 36S W 205.9 FT, N 0D 50M 44S W 90 FT, N 89D 08M 24S W 150.62 FT, N 32D 06M 24S E 80 FT ALG E LI OF SESSIONS DR (PVT), TH S 87D 53M 36S E 313.08 FT TO BEG. SEC 24 T7N R13W .94 AC.
Largest Nearby Street: Lake Michigan Dr.
Highway Access: Easy access to US-196 & US-131 via Lake Michigan Dr. (eastward) or Wilson Ave. / M-11 (southbound).
Airports: GRR
Zoning Description: Commercial (C-2 PUD)
Part of Planned Development?: Yes
Development Name: Sessions Pointe
Topography: Level
Easements: Utilities
Soil Type: Mixed
Available Utilities: Electric, Water, Gas, Sewer, Cable
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,398 25,697 93,049
Median Age: 34.06 37.17 36.75
Households: 1,249 10,049 36,246


Photograph of Listing Agent

Jeff Rogers

FS Realty LLC CARWM Member
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