COMMERCIAL VACANT LAND

Vacant Land for Sale
Also listed as Retail-Commercial, Office
Catylist Listing ID: 30512599
Property Subtypes: Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Other, General
Gross Land Area: 5.39 Acres
Sale Price: $1,000,000
Unit Price: $185,528 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/24/2020

Overview / Comments

5.39 ACRES WITH 374' OF FRONTAGE ON WILSON AVE JUST SOUTH OF RIVERTOWN CROSSINGS MALL & GRANDVILLE HIGH SCHOOL. THERE IS A BEAUTIFUL 1,800 SF EXISTING RESIDENTIAL HOME ON THE PROPERTY, HOWEVER THE VALUE IS IN THE LAND.

THE PROPERTY IS CURRENTLY FUTURE ZONED AS OFFICE-SERVICES. HOWEVER, THE CITY OF WYOMING IS IN THE PROCESS OF UPDATING ITS MASTER PLAN AND THIS PROPERTY WILL LIKELY BE FUTURE ZONED AND ELIGIBLE FOR COMMERCIAL B-1 USES AS WELL (SEE B-1 ZONING ATTACHMENT).

OTHER POSSIBLE USES TO BE APPROVED BY THE CITY OF WYOMING INCLUDE SINGLE FAMILY RESIDENTIAL DEVELOPMENT OR MEDIUM DENSITY RESIDENTIAL.

Attachments & Media

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $5,717 (Annual)

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: Rivertown Corridor
Taxing Authority: CITY OF WYOMING
Tax ID/APN: 41-17-29-351-035
Zoning: ER-RES
Property Visibility: Excellent
Legal Description: SEE ATTACHED SURVEY
Feet of Frontage: 374
Highway Access: EASY ACCESS TO M-6 VIA WILSON AVE OR I-196 VIA RIVERTOWN PARKWAY.
Site Description: 411729351035 S 1/2 OF FOL DESC - PART SW 1/4 COM AT SW COR OF SEC TH E ALONG S SEC LINE 627 FT TH N PERP TO S SEC LINE TO N LINE OF S 472.5 FT OF SW 1/4 TO BEG OF THIS DESC - TH N PERP TO S SEC LINE TO S LINE OF N 100 FT OF SW 1/4 SW 1/4 TH W ALONG SD S L
Area Description: DIRECTIONS: US-131 to M-6 W. Wilson Avenue, North, past 52nd Street.
Lot Frontage: 374.55
Lot Depth: 648
Zoning Description: FUTURE ZONED OFFICE-SERVICES; AND LIKELY ELIGIBLE FOR B-1 COMMERCIAL USES.
Topography: Gently Sloping
Easements: Electric Lines
Available Utilities: Electric, Water, Gas, Sewer, Cable
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,949 62,184 156,122
Median Age: 36.47 36.65 34.78
Households: 2,530 24,342 57,034

Contact

Photograph of Listing Agent

Matthew Hall

CopperRock Real Estate
CARWM Member
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