Development Opportunity Next to GVSU

Vacant Land for Sale
Catylist Listing ID: 29933899
Property Subtypes: Multi-Family, Office, Retail, Retail-Pad
Gross Land Area: 2.68 Acres
Sale Price: $325,000
Unit Price: $121,268 Per Acre
Sale Terms: Cash to Seller, Purchase Money Mortgage, Build-to-Suit
Cap Rate: Undisclosed
Last Updated: 10/19/2021

Overview / Comments

2.68 acres of development land available for immediate purchase. Subject is located across from the Meadows Golf Club at GVSU and neighbors The Village at 48 West which is a large multi-family/retail community that includes a movie theater, restaurants, and a full array of student services. All utilities are in place. Subject is just south of Lake Michigan Drive which provides easy access to Grand Valley State University (1 mile), as well as many neighboring communities and retailers. Seller will also consider a build to suit. Allowable building size is up to 19,800 SF.

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Ottawa
Taxing Authority: Allendale Township
Tax ID/APN: 70-09-25-200-013
Property Located Between: Lake Michigan Drive & W. Campus Drive
Property Visibility: Excellent
Legal Description: PART E 1/2 OF SE 1/4 OF NE 1/4 COM 1370 FT S OF NE COR, TH S 284.09 FT, W 460 FT, N 284.09 FT, TH E 460 FT TO BEG, EXC E 50 FT. 2.68A SEC 25 T7N R14W
Largest Nearby Street: Lake Michigan Drive
Feet of Frontage: 284
Site Description: Previous building has been removed from property. Site is level and ready to be developed.
Area Description: Site is less than 1 mile to (6) neighboring multi-family communities, The Meadows Golf Club, and the GVSU campus.
Lot Frontage: 284
Lot Depth: 460
Topography: Level
Available Utilities: Electric, Water, Gas, Sewer, 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: 10,549 22,758 59,551
Median Age: 20.41 25.87 32.49
Households: 2,208 6,206 18,659


Photograph of Listing Agent

Todd A. Kamps, CCIM | SIOR

Cherette Properties, LLC CARWM Member
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