Catylist ID:
#30654950
Development Opportunity - Norton Shores, MI
Vacant Land
for Sale
Also listed as Multi-Family
| Catylist Listing ID: | 30654950 |
| Property Subtypes: | Hospitality, Industrial, Multi-Family, Office, Retail, Retail-Pad, Self Storage, General |
| Gross Land Area: | 3.05 Acres |
| Sale Price: | $525,000 |
| Unit Price: | $172,131 Per Acre |
| Land Splits Available: | Yes |
| Adjacent Parcels Available: | Yes |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 4/8/2021 |
Overview / Comments
|
CBRE is pleased to present the opportunity to acquire the fee simple interest in 3.05 acres (“Property”) in the City of Norton Shores, Muskegon County, Michigan. The Property is comprised of twelve land parcels zoned as Planned Unit Development and improved with utilities. The Property is located within the Eastowne of Norton Shores Site Condominium Development. The Development, which is home to multi-tenant retail and office buildings, a restaurant, a bank and single family residential condominiums offers potential investors flexible investment opportunities. Only two miles from I-96, the Property offers connectivity to nearby cities such as Muskegon and Grand Rapids. See attached offering memorandum for details. |
Attachments & Media
Financials
| Finance Data Year | 2011 |
|---|---|
| Real Estate Taxes - Annual($) | $2,500 (Annual) |
Additional Details
| Nearest MSA: | Muskegon |
| County: | Muskegon |
| Taxing Authority: | City of Norton Shores |
| Tax ID/APN: | 612726500000700 |
| Zoning: | PUD |
| Property Located Between: | Seaway Dr / Bus US-31 |
| Property Visibility: | Excellent |
| Site Description: | Lot 7 Eastowne; Located within Urban Lifestyle Development |
| Area Description: | DIRECTIONS: Southwest Corner of Seaway and Seminole |
| Zoning Description: | Part of a Master Plan PUD |
| Part of Planned Development?: | Yes |
| Development Name: | Eastowne of Norton Shores |
| Available Utilities: | Electric, Water, Gas, Sewer, Cable |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 6,274 | 58,029 | 104,594 |
| Median Age: | 32.69 | 37.03 | 37.42 |
| Households: | 2,554 | 23,172 | 40,234 |
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