1,200-Acre Commercial Nursery Property

Special Purpose for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30352341
Property Subtypes: Agricultural, Other
Building Size (RSF): 89,361 SF
Gross Building Area: See Agent
Gross Land Area: 1.68 - 1,212 Acres
Sale Price: $9,000 - 25,000 Per Acre
Total Price: $18,463 - 51,286
Property Use Type: Business
Sale Terms: Cash to Seller
Last Updated: 11/6/2019

Overview / Comments

Over 1,200-acre commercial nursery property situated in Ottawa County between Grand Haven and Holland. The subject property is being offered in its entirety, or in smaller land parcels. Asking prices will be determined based on details associated with the specific property of interest. Parcels consist of various sizes and zoning (Agricultural, Light Industrial, Commercial and Rural Residential). Improved structures (commercial and/or residential buildings) occupy specific parcels with others previously used only for agricultural purposes. Select land parcels maintain frontage on M-45 (Lake Michigan Drive) and US 31. Property is co-listed with Cushman & Wakefield.

COMMISSION RATES:
*ALL COMMISSION RATES LISTED BELOW WILL BE SPLIT 50/50 BETWEEN LISTING BROKER AND COOPERATING BROKER.

With Outside Broker:
* 6% of the total sales price which is less than or equal to $1,000,000, plus
* 5% of the total sales price which is greater than $1,000,000 and less than or
equal to $2,500,000, plus
* 5% of the total sales price which is greater than $2,500,000 and less than or
equal to $5,000,000, plus
*3% of the total sales price which is greater than $5,000,000 and less than or
equal to $10,000,000, plus
*2% of the total sales price which is greater than $10,000,000.

Without limiting the foregoing and by way of example only, for a total sales price of $17,000,000, the commission in the event there is an outside broker will be $525,000, calculated as $60,000 (6% of $1,000,000), plus $75,000 (5% of $1,500,000), plus $100,000 (4% of $2,500,000), plus $150,000 (3% of $5,000,000), plus $140,000 (2% of $7,000,000).

Computation of Sales Price: The commission shall be computed in accordance with the above rates(s) based upon the total sales price, which shall include any mortgages, loans or other obligations of Seller which may be assumed by the purchaser or which the purchase takes title "subject to," any purchase money loans or mortgages taken back by Seller, the sales price of any fixtures or other personal property sold by separate agreement between Seller and purchaser as part of the overall sales of the real property, and the current market value of any other real or personal property transferred from the purchaser to Seller.

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Ottawa
Tax ID/APN: 700727100051
Zoning: AG, RR, C1, LI
Property Located Between: Land touches several municipalities.
Zoning Description: Land touches several municipalities with different designations including agricultural, commercial, rural residential, and light industrial.
Water Service: Other
Sewer Type: Septic

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,363 7,147 18,064
Median Age: 40.45 39.19 40.09
Households: 459 2,517 6,617

Contact

Photograph of Listing Agent

Bryan D. Bench

CORE Realty Partners
CARWM Member
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