Multifamily Land - 11.82 Acres

Vacant Land for Sale
Also listed as Multi-Family
Catylist Listing ID: 30545098
Property Subtypes: Multi-Family
Building Status: Proposed
Gross Land Area: 11.82 Acres
Sale Price: $576,000
Unit Price: $48,730 Per Acre
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 1/2/2020

Overview / Comments

The Future Land Use Map allows for medium to high density multifamily unit development, ranging between 4 and 32 units per buildable acre. The site is ideal for market rate and affordable senior living development options. Density is subject to product type.
The land is in the City of Kentwood next to the Police Department, and walking distance to the Kentwood District Library, City Hall and Fire Department. Walgreens, Family Fare Foods and the unique Horrock’s Market are all just a short distance from the site.
Strong demographics- strong population density and median household income.
Nearby Crestwood School – part of the Kentwood School System.
Only a nine-minute drive to two of the area’s largest regional malls; Woodland and the Shops at Center Point.

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: 36th/44th St Corridor
Tax ID/APN: 41-18-27-201-014
Zoning: R-PUD-1
Property Located Between: 44th Street & Breton
Property Visibility: Good
Topography: Level

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,301 82,203 202,561
Median Age: 31.99 35.27 34.19
Households: 4,293 33,100 75,486


Photograph of Listing Agent

Scott Nurski

NAI Wisinski of West Michigan
The information presented herein is provided as is, without warranty of any kind. Neither Commercial Alliance of REALTORS West Michigan nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.