Corner Frontage FWY $11M 100th St. Off-Ramp End of 2020

Vacant Land for Sale
Catylist Listing ID: 30310805
Property Subtypes: Hospitality, Industrial, Multi-Family, Office, Retail, Retail-Pad, Self Storage
Gross Land Area: 0.83 Acres
Sale Price: $699,000
Unit Price: $842,168 Per Acre
Sale Terms: Cash to Seller, Purchase Money Mortgage, Owner Financing, Build-to-Suit, Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 11/10/2019

Overview / Comments

Lot A consists of a 1.83-acre parcel with immediate corner frontage on the SW corner of the soon-to-be-completed overpass and on/off-ramps to US 131. This overpass will act as the southern gateway into Kent County, as drivers head towards the Tangier Outlet Mall – just one off-ramp away – or other spots throughout the area. 100st itself serves as a connector from Byron Center to Holland and Caledonia, allowing for significant passerby traffic. Furthermore, with its close proximity to the newly remodeled J&H Family Stores and highway visibility, the addition of pylon signage will ensure that this location attracts many visitors, tourists, or customers.

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: S 131 Corridor
Submarket Type: Suburban
Taxing Authority: Byron Township
Tax ID/APN: 41-21-36-200-008
Zoning: B2 - COMMERCIAL
Property Located Between: Between US 131 & 100th Street
Property Visibility: Excellent
Legal Description: 41-21-36-200-008 PART OF NE 1/4 COM 809 FT W OF NE COR OF SEC TH W 81 FT TH S 450 FT TH E 81 FT TH N 450 2 BEG * SEC 36 T5N R12W 0.83 A.
Largest Nearby Street: US-131
Feet of Frontage: 450
Traffic/Vehicle Count: 65,000
Highway Access: US-131 Frontage - 100th Street 15,000 ADT.
Airports: Gerald R Ford
Site Description: This lot is on the Southeast corner of 100th Street and US-131. The parcel has 450ft. of frontage directly onto the MDOT freeway right-of-way and SE 100th st. off-ramp. It can be combined with the parcel to the E totaling 1.9 acres. Moreover, these two parcels could be combined with the next two homes owned by the seller for a total of 3.2 acres. The parcel is slightly rolling to the S, with a rental home currently residing on the property. The owner of this parcel also possesses a total of five parcels at this location. Given this fact, there is an opportunity to build a large pylon sign on the freeway offramp. The result of such a construction would ensure that each parcel owner could obtain their own panel on this sign to give added freeway visibility.
Lot Frontage: 81
Lot Depth: 450
Development Name: The Village at Corinth
Topography: Gently Sloping
Easements: Electric Lines, Ingress/Egress, Utilities
Easements Description: Of record
Available Utilities: Electric, Water, Gas, Sewer, Cable, Broadband, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 12,018 51,219
Median Age: 37.85 36.77
Households: 4,297 18,649

Contact

Photograph of Listing Agent

Brian D. Silvernail

Show Grand Rapids CARWM Member
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