Development Land in Ada Village

Vacant Land for Sale
Catylist Listing ID: 30635299
Property Subtypes: Multi-Family, Residential (Single Family)
Gross Land Area: 27.89 Acres
Sale Price: $3,305,000
Unit Price: $118,501 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/21/2020

Overview / Comments

Rare development opportunity in Ada Village. 27+ acres situated along the Thornapple River across from the new and exciting Ada Village and across the street from Leonard Field. Although a very desirable location, the sites proximity to the Thornapple and Grand Rivers creates floodway on the property, engineers have estimated 10 acres to be buildable. The current zoning allows for 3.3 units per acre for single family homes or 33 sites. Public utilities on Fase St. There are currently residents living on both parcels, please do not access property without contacting listing agent first.

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: Ada/Cascade
Tax ID/APN: 411534180008 and 411534200036
Zoning: R3
Property Located Between: Across from Leonard Park
Property Visibility: Excellent

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,388 17,825 56,921
Median Age: 37.18 40.96 39.08
Households: 463 6,252 21,240
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