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 |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
12,018 |
51,219 |
| Median Age: |
37.85 |
36.77 |
| Households: |
4,297 |
18,649 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Commercial Alliance of REALTORS West Michigan nor
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