Residential Land - 11.82 Acres

Vacant Land for Sale
Also listed as Multi-Family
Catylist Listing ID: 30545098
Property Subtypes: Multi-Family, Residential (Single Family)
Building Status: Proposed
Gross Land Area: 11.82 Acres
Sale Price: $450,000
Unit Price: $38,071 Per Acre
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 9/27/2020

Overview / Comments

The Future Land use recommendation for this site is low density residential, up to 4 units per acre. The current RPUD-1 High Density Residential Planned Unit Development zoning makes provision for Senior Housing with an allowable density up to 32 units per acre.  The site may be ideal for market rate, affordable senior independent living, and single family development options.
The site is located in the City of Kentwood next to the Police Department, and walking distance to the Kentwood District Library, City Hall and Fire Department. Walgreens, Family Fare Foods and the unique Horrock’s Market are all just a short distance from the site.
Strong demographics- strong population density and median household income.
Nearby Crestwood School – part of the Kentwood School System.
Only a nine-minute drive to two of the area’s largest regional malls; Woodland and the Shops at Center Point.
New Major Economic Drives Nearby:
Project Elevate: $90 million expansion to Gerald R. Ford International Airport. Bring 300 plus permanent jobs and 125 plus construction jobs.
Amazon Fulfillment Center: $150 million construction development, bring 1,000 new jobs to the area.
Switch Data Center: $5 billion planned investment for the Grand Rapids center and 1,000 new jobs.

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: 36th/44th St Corridor
Tax ID/APN: 41-18-27-201-014
Zoning: R-PUD-1
Property Located Between: 44th Street & Breton
Property Visibility: Good
Topography: Level

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,301 82,203 202,561
Median Age: 31.99 35.27 34.19
Households: 4,293 33,100 75,486

Contact

Photograph of Listing Agent

Scott Nurski

NAI Wisinski of West Michigan
CARWM Member
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