PRIME INDUSTRIAL NW SITE WITH I-96 FRONTAGE, RAIL, 2 BILLBOARD SIGNS

Vacant Land for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30709300
Property Subtypes: Industrial, Office, Self Storage, Other
Gross Land Area: 31.91 Acres
Sale Price: $2,300,000
Unit Price: $72,077 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/10/2021

Overview / Comments

Exceptional NW Industrial Site being offered for the first time in the heart of this fast growing manufacturing and distribution corridor of I-96. Total Gross Acreage is 31.6 Acres. Prime Net Useable Acres is calculated at about 13 acres which does not include the private access drive. Gorgeous piece of Industrial land available for sale in a location of very low inventory.
• Easy on/off to I-96 at the Fruit Ridge Interchange (Exit 26)
• High visibility with up to 1,800’ frontage along I-96
• Rail Access (Coopersville/Marne)
• Public Water, Sanitary Sewer, Storm Sewer on site (See Maps).
• Retention Pond already in place with Spillway(See Map)
• 2 Large Billboard Signs along I-96 offer income thru 2033 w annual bumps.
• Future plans to improve and widen the Fruit Ridge / I-96 Bridge to 5 Lanes.
• Improved Private Driveway to Site built for Heavy Large Equipment with
extra wide driveway entrance.

Opportunity to join other companies in this area with high name recognition; Meijer, Bissell, FedEx, Amazon, Same Day Delivery, Standard Lumber, Challenge Manufacturing, Dennen Steel, Ridgeview Industries, S. Abraham & Sons, etc, etc.

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: 3 Mile Corridor
Taxing Authority: Walker
Tax ID/APN: 41-13-(05-301-011 AND 06-400-005)
Zoning: ML LIGHT INDUSTRIAL
Property Located Between: I-96 and 4 Mile Rd NW
Property Visibility: Excellent
Legal Description: THAT PART OF N 586.66 FT OF NW 1/4 SW 1/4 LYING S OF S LINE OF CENTRAL MICHIGAN /FORMERLY GT/ RR R/W EX E 99 FT COM 373.19 FT S 0D 42M 34S E ALONG W SEC LINE FROM W 1/4 COR TH S 87D 32M 12S E PAR WITH N LINE OF SW 1/4 393.67 FT TH S 80D 16M 54S E 588.36 FT TH S 80D 50M 50S E 260.54 FT TO WLY R/W OF FRUIT RIDGE AVE TH S 0D 40M 10S E ALONG SD R/W 108.66 FT TH N 87D 32M 12S W 1230.21 FT TO W SEC LINE TH N 0D 42M 34S W ALONG SD W LINE 213.47 FT TO BEG * SEC 5 T7N R12W 5.00 A.; AND THAT PART OF E 1/2 E 1/2 OF SEC LYING NLY OF NLY LINE OF STL US16 RELOCATED & SLY OF SLY LINE OF CENTRAL MICHIGAN /FORMERLY GT/ RR R/W * SEC 6 T7N R12W 26.64 A.
Largest Nearby Street: 3 Mile Rd NW
Traffic/Vehicle Count: 50,000
Highway Access: I-96 at Fruit Ridge Exit (Exit 26) Property is right next to I-96.
Airports: Gerald R Ford International Airport & Muskegon Airport
Site Description: Industrial Built Private Driveway off Fruit Ridge Ave at the I-96 Exit provides quick access to a private setting while at the same time offering high exposure along I-96. Total Gross 31.6 Acres provides approximately 13 acres of prime level ground for construction. Aesthetics on site includes a large pond and Conservation Easement. North property line is the Coopersville-Marne RR and could provide rail service to the site.
Area Description: DIRECTIONS: I-96 TO FRUIT RIDGE AVE EXIT (EXIT 26), N TO PROPERTY BETWEEN DENNEN STEEL & .STANDARD LUMBER ON WEST SIDE OF FRUIT RIDGE AVE.
Lot Frontage: 108'
Zoning Description: ML - Light Industrial. Sandwiched between MH - Heavy Industrial with Dennen Steel adjacent to the South and Standard Lumber adjacent to the North. Can't rule out that the property could maybe be rezoned to Heavy Industrial if necessary.
Development Name: Undeveloped
Topography: Level
Easements: Pipelines, Utilities, Preservation
Easements Description: Easement Access for maintenance of 2 large Interstate Highway Billboard Signs
Soil Type: Loam
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,813 28,536 80,144
Median Age: 34.92 39.71 35.25
Households: 1,185 11,298 31,747

Contact

Photograph of Listing Agent

Arnold Grover

Grover Real Estate, Inc.
CARWM Member
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