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: |
2/26/2021 |
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.
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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 |
Zoning Description: |
B-2 General Commercial |
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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