LAKE MICH. DR & WILSON - Retail / Restaurant / Office / Mixed-Use

Vacant Land for Sale
Catylist Listing ID: 30774947
Property Subtypes: Office, Retail
Gross Land Area: 1.16 Acres
Sale Price: $450,000
Unit Price: $387,931 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/22/2022

Overview / Comments

Prime commercial acreage along Lake Michigan Dr. - one mile west of the key Lake Michigan Dr. / Wilson Avenue intersection. Located within the entrance way commercial district of the Sessions Pointe PUD. Includes city water / sewer and all utilities on-site.

Perfect for bank, restaurant, retail, office, or mixed-use development.

Liquor licenses likely available through Tallmadge Township.

Sessions Pointe is the premier residential / commercial development in Tallmadge Township. Phase I residential has been completed (41 homes) - with Phase II residential development nearly complete - with a total of 58 additional single-family home sites.

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Taxing Authority: Tallmadge Township
Tax ID/APN: 70-10-24-393-004
Zoning: COMMERCIAL (C-2 PUD)
Property Located Between: On Lake Michigan Drive - between Wilson Avenue & 8th Avenue
Property Visibility: Excellent
Legal Description: UNIT 5. SESSIONS POINTE BUSINESS PARK CONDOMINIUMS AS RECORDED IN OTTAWA COUNTY REGISTER OF DEEDS DOC # 2008-0044520 CONDO PLAN # 548 SEC 24 T7N R13W
Largest Nearby Street: Lake Michigan Drive
Traffic/Vehicle Count: 25,000
Highway Access: Easy access to US-196 & US-131 via Lake Michigan Dr. (eastward) or Wilson Ave. / M-11 (southbound).
Airports: Gerald R Ford International Airport (GRR)
Area Description: Located on the western edge of the thriving Lake Michigan Dr. / Wilson Ave. business district. Strategically located equidistant between downtown Grand Rapids and the GVSU Allendale campus.
Lot Frontage: 275'
Lot Depth: 190'
Zoning Description: COMMERCIAL (C-2 PUD)
Part of Planned Development?: Yes
Development Name: Sessions Pointe
Topography: Level
Soil Type: Mixed
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable, Broadband, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,398 25,697 98,736
Median Age: 34.06 37.17 36.84
Households: 1,249 10,049 38,234

Contact

Photograph of Listing Agent

Jeff Rogers

FS Realty LLC CARWM Member
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