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: |
$475,000 |
| Unit Price: |
$177,238 Per Acre |
| Sale Terms: |
Cash to Seller, Purchase Money Mortgage, Build-to-Suit |
| Cap Rate: |
Undisclosed |
| Last Updated: |
7/8/2020 |
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 |
| Zoning: |
201 - COMMERCIAL IMPROVED |
| 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 |
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 |
|
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