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: 10/19/2020

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.

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

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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

Contact

Photograph of Listing Agent

Russ Bono, CCIM

CBRE Detroit CARWM Member
Photograph of Listing Agent

Cameron Timmer

CBRE Detroit CARWM Member
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