Commercial Development Land, Algoma Township, MI

Vacant Land for Sale
Catylist Listing ID: 30663057
Property Subtypes: Retail, Retail-Pad, Other
Gross Land Area: 1.50 - 6.85 Acres
Sale Price: $300,000 - 825,000
Land Splits Available: Yes
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 4/15/2021

Overview / Comments

Versatile land in a prime commercial corridor with up to 400' of frontage available. One of the rare sites left in West Michigan where a new or used car dealership and service is allowed by right. C-2 zoning also allows for drive-thru restaurants, banks, general retail, grocery, hardware, and medical offices. Special land uses include gas station, senior living, contractor/supply yards with outdoor storage, hospital, and self-storage.

An environmental report and survey were completed in October 2020, the site is free from environmental issues.

Any parceling of sites must be done by condo, the requirements are a minimum of 0.95 acres with 100' of frontage. MDOT will allow one curb cut, a traffic study has been ordered for the site.

1.5 AC - $300,000
2.0 AC - $390,000
3.0 AC - $525,000

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Tax ID/APN: 41-06-12-453-001
Zoning: C-2

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 9,547 32,707
Median Age: 38.13 36.13
Households: 3,293 11,446


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