Off-Ramp Commercial Site $11M 100th St. End of 2020: ADJ. JnH

Vacant Land for Sale
Catylist Listing ID: 30319701
Property Subtypes: Hospitality, Office, Retail, Retail-Pad
Gross Land Area: 6.09 Acres
Sale Price: $1,195,000
Unit Price: $196,223 Per Acre
Sale Terms: Cash to Seller, Purchase Money Mortgage, Build-to-Suit, Other
Cap Rate: Undisclosed
Last Updated: 9/8/2020

Overview / Comments

Lot D consists of a 6.09-acre parcel with easy access to the soon-to-be-completed overpass and on/off-ramps to US 131. Located directly adjacent to J&H Family Store, this piece has frontage on both 100th Street and Division Avenue. This overpass will act as the southern gateway into Kent County, as drivers head towards the Tangier Outlet Mall – just one off-ramp away – or other spots throughout the area. 100st itself serves as a connector from Byron Center to Holland and Caledonia, allowing for significant passerby traffic. Furthermore, with its close proximity to the newly remodeled J&H Family Stores and highway visibility, the addition of pylon signage will ensure that this location attracts many visitors, tourists, or customers.

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: S 131 Corridor
Submarket Type: Suburban
Taxing Authority: Kent County
Tax ID/APN: 41-21-25-400-016 & 41-1-25-400-053 & 052
Zoning: B2-COMMERCIAL
Property Located Between: Between US 131 & 100th Street
Property Visibility: Excellent
Legal Description: Lengthy legal description consists of three individual parcel descriptions.
Largest Nearby Street: US 131
Feet of Frontage: 521
Traffic/Vehicle Count: 15,000
Highway Access: US-131 provides approximately 65,000 ADT.
Airports: Gerald R. Ford
Site Description: This lot is on the Northeast corner of 100th Street and US-131. The parcel has 321 ft. of frontage on 100th Street and 200 ft. directly on Division Avenue. The parcel is essentially flat, with a rental home currently residing on the property. It wraps around Affordable Transmission on the corner of 100th and Division. This is a large retail site, that could be developed with apartments (with proper re-zoning). The owner of this parcel also possesses a total of five parcels at this location. Given this fact, there is an opportunity to build a large pylon sign on the freeway offramp. The result of such a construction would ensure that each parcel owner could obtain their own panel on this sign to give added freeway visibility.
Lot Frontage: 521
Lot Depth: 654
Zoning Description: B2 - Commercial
Development Name: The Village at Corinth
Topography: Level
Easements: Electric Lines, Ingress/Egress, Utilities
Easements Description: Of record
Soil Type: Clay
Available Utilities: Electric, Water, Gas, Sewer, Cable, Broadband, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 10,630 32,264
Median Age: 37.68 37.66
Households: 3,652 11,468

Contact

Photograph of Listing Agent

Brian D. Silvernail

Show Grand Rapids CARWM Member
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