High Visibility (M-6 & Broadmoor) Class A Land Parcel

Vacant Land for Sale
Catylist Listing ID: 30565720
Property Subtypes: Hospitality, Industrial, Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Self Storage, Other
Gross Land Area: 45,750 SF
Sale Price: $500,000
Unit Price: $10.93 PSF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/11/2020

Overview / Comments

Class A Land Parcel - Premium Parcel - Unmatched Visibility
Northeast Corner - M6 & Broadmoor
Prime Retail / Office Parcel in the 'path of progress' of development.
Existing Office / Residence Onsite
Neighbors include;
• Across 60th St. to the north - Ed Rose & Son's | Class 'A' Multifamily Development
• North on Broadmoor - Marriott Hotel (under-construction) and Holiday Inn & Suites (under-construction).
• West on 60th St. - SWITCH Data Center Facility
• East on 60th St. - Two new multifamily developments
• Davenport University - 5 minutes

Site Development Opportunities could include;
• +/- 12,000 Office
• Retail Pad Site

Attachments & Media

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: Airport District
Taxing Authority: Caledonia Township
Tax ID/APN: 41-23-06-100-012
Zoning: COMMERCIAL PUD
Property Located Between: Corner of Broadmoor SE and M6 Interchange
Property Visibility: Excellent
Legal Description: Part of the Northwest fractional 1/4 of the Section 6, Town 5 North, Range 10 West, Caledonia Township, Kent County, Michigan, described as; Commencing 600.0 feet West of the North 1/4 corner; thence South 248.0 feet; thence West 131 feet more or less to a point 800.0 feet West 165.0 feet South from the North 1/4 corner; thence 75.0 feet; thence West 50.0 feet; thence North 90.0 feet to the North Section line; thence East 250.0 feet to the beginning.
Largest Nearby Street: 60th
Feet of Frontage: 250
Traffic/Vehicle Count: 12,000
Highway Access: Frontage on M6 off-ramp to Broadmoor. Immediate access to M6 both East and West Adjoins MDOT 'Park & Ride' lot
Airports: Gerald R Ford International AIrport
Site Description: Mostly a square site: 250.00 lf - 60th St. Frontage +/- 250.00 lf - East / West Boundary 131.00 lf - M6 Frontage
Area Description: Area is surrounded by large blocks of unimproved land ... continuing commercial development within immediate area ... traffic counts (Broadmoor Ave) continue to grow.
Lot Frontage: 250
Lot Depth: 248
Zoning Description: Commercial PUD
Part of Planned Development?: Yes
Topography: Gently Sloping
Soil Type: Mixed
Available Utilities: Electric, Water, Gas, Sewer, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 16,129 98,942
Median Age: 34.79 37.43
Households: 6,459 38,938

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