Parcel A Byron Commerce Dr Extension Potential Availability Fall 2021

Vacant Land for Sale
Catylist Listing ID: 30524653
Property Subtypes: Industrial, Other
Gross Land Area: 3 - 6 Acres
Sale Price: $900,000
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/10/2020

Overview / Comments

View this exciting new extension of Bryon Commerce Drive in Byron Township between 84th Street and 100th Street! This piece contains over 3500 ft. of frontage on US-131! Place your business in this accessible location, with proximity to Grand Rapids and roadways to a wide variety of businesses (Lumberman's, Pacetrailer, Volvo, Ulta Equipment, etc.).

The potential development timeline for the current seller had not changed for this part of the development, but it DID change on the balance of the development, south of his facilities.

Therefore, the seller plans to use this LOT A and LOT B along the freeway for his OWN BUSINESS USE after initial extending Byron Commerce Drive to 92nd Street in 2020, but NOT develop his large lot to the south until 2021.

Therefore any purchaser(s) would need to sync up their timing with the completion of the phase II grading in 2021, which would allow the Seller to park his trailers on lands south of him, and therefore free-up this parcel A and possibly parcel B, appx 10 acres along the freeway, both north of his new facility.

Completion of phase II grading is now scheduled for summer 2021, and this land, parcel C would be available possibly as soon as Fall of 2021.

The fully improved lots include 2-4% grade and proper soil compaction. All utilities – public sewer, public water, electricity, gas, and cable – are within property limits. Fees for township connection apply.

The asking price of parcel A, as zoned D-1 Industrial, is $150,000 per acre – negotiation is possible at a pre-construction price, so the listing price is probably higher than what will be required to buy Freeway Visible Property in this area, vs. freeway frontage across the street when everything is completed.

Attachments & Media

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: S 131 Corridor
Taxing Authority: Byron Township
Tax ID/APN: 41-21-24-481-001
Zoning: D-1 INDUSTRIAL
Property Located Between: 84th Street and 100th Street
Legal Description: See attached listing package
Largest Nearby Street: 84th Street and US-131
Highway Access: Both North and South ends of the property connect to US-131.
Airports: Gerald R. Ford
Site Description: This parcel is currently in the form off Raw Land re-zoned to D-1 Industrial. This parcel's availability is subject to the development of the extension of Byron Commerce Drive and subject to all related approvals necessary for the development of the parcel including but not limited to Municipal, Financing, Enironmental, Feasility, and Engineering contingencies.
Area Description: This rolling site with lots of sand contains the potential for end-users and developers alike through extending and grading Byron Commerce Drive. There is access to both the overpass on 84th Street and the overpass on 100th Street (which will be redone in 2020).
Zoning Description: D-1 Industrial -- including most moderately-heavy industrial uses.
Development Name: Byron Commerce Center
Easements: Water Rights, Utilities, Other
Easements Description: Stormwater and road right-aways.
Soil Type: Sandy
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,229 19,546 75,154
Median Age: 40.15 39.73 36.32
Households: 503 7,398 27,166

Contact

Photograph of Listing Agent

Brian D. Silvernail

Show Grand Rapids CARWM Member
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