105 Acre Redevelopment Opportunity - NW Grand Rapids

Vacant Land for Sale
Catylist Listing ID: 30295983
Property Subtypes: Multi-Family, Retail, Other
Gross Land Area: 105 Acres
Sale Price: $5,125,000
Unit Price: $48,809 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/9/2020

Overview / Comments

Excellent redevelopment opportunity of a prime piece of land in a well-established neighborhood. This 105-acre property is located in a largely residential section of Walker. Conveniently located just five minutes from downtown Grand Rapids with close access to I-196 and US-131. The site offers unlimited potential for commercial, office, mixed-use, single-family and multi-family residential purposes. All public services and utilities (including electricity, water, storm sewers, natural gas and telephone services) are available to the site.

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Taxing Authority: City of Walker
Tax ID/APN: 41-13-20-401-005 & 41-13-20-401-004
Property Located Between: Collindale and Wilson Ave NW
Property Visibility: Excellent
Largest Nearby Street: Lake Michigan Ave
Highway Access: I-196 5 minutes US-131 7 minutes
Area Description: Largely residential area on main NW Grand Rapids thoroughfare
Zoning Description: AA, Agricultural
Topography: Gently Sloping

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,268 44,893 163,072
Median Age: 35.18 38.35 32.86
Households: 3,390 18,035 61,579
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.