Interchange Site Near Tanger Outlets & Gun Lake Casino

Vacant Land for Sale
Catylist Listing ID: 29883937
Property Subtypes: Hospitality, Multi-Family, Office, Retail, Retail-Pad, Vacation/Resort
Gross Land Area: 48.44 Acres
Sale Price: $2,500,000
Unit Price: $51,610 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/10/2020

Overview / Comments

High profile interchange site at SW quadrant of US-131 and 142nd, just south of Grand Rapids, between Gun Lake Casino and Tanger Outlets. Strong traffic counts, elevated site with 2,090' of visibility to US-131. The site is master planned for Mixed Use PUD.

Additional Details

Nearest MSA: Holland
County: Allegan
Taxing Authority: Dorr Township
Tax ID/APN: 05-024-008-00
Property Visibility: Excellent
Largest Nearby Street: US-131
Traffic/Vehicle Count: 43,500
Site Description: The subject property comprises 48.44 acres located at the southwest quadrant of US-131 and 142nd Avenue in Dorr Township, Allegan County, Michigan. The site is just south of the new Tanger Outlet Mall and is just north of the $157 Million Gun Lake Casino. The property is flat, and is easily accessed via the US-131/142nd Avenue interchange. It is master planned for Mixed Use PUD.
Area Description: Located only 10 minutes to the north, Grand Rapids has one of the best economies in the country. Area Development Magazine recently ranked Grand Rapids third in the nation for economic growth –trailing only Denver and Houston. Construction in Grand Rapids is on the rise, and it is not restricted within city limits. Just south of Grand Rapids, US-131 has recently welcomed Gun Lake Casino and the Tanger Outlet Mall. The subject property is located between the two, and is ready for a high-quality development.
Zoning Description: Mixed use PUD
Topography: Level

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,673 6,101 18,990
Median Age: 34.47 35.22 36.02
Households: 536 2,042 6,498
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.