Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    7201 Lessiter Rd NE Belding, MI 48809

    Picture of Race tracks at Lessiter Rd NE 7201, Belding, MI
    For Sale
    $15,000,000

    LAND - Belding, MI

    Lot size:
    190.56 Acres
    Days on Market:
    221
    Last Refresh:
    Dec 11 at 6:06 am

    Property Features for 7201 Lessiter Rd NE

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    411209100003
    Lot size
    190.56 Acres

    Utilities

    Utilities
    Natural Gas Available

    Signature Associates Kalamazoo (269) 385-2000

    Listing agent Peter K. Cachey (616) 259-6386

    Listing date May 5, 2025

    Copyright © 2025 Montcalm County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Grattan Raceway Land For Sale

    This property features the prestigious Grattan Raceway, encompassing over 190 acres suitable for redevelopment or use as a private racetrack. Considered one of the finest privately owned courses in America, Grattan Raceway is located approximately 15 miles northeast of Grand Rapids, MI. The site includes a two-mile paved course featuring ten challenging turns and a 3,200 ft straightaway. Additionally, the property provides approximately 1.25 miles for a Motocross course. Utilities are available both off the road and on site. The property consists of three separate parcels with over 4,000 feet of frontage along Muskrat Lake.
    Property Profile Location Intelligence

    Current Use by Public Records

    Grattan Raceway Car Racing Track

    Suggested Use

    Realty agency Bar & Pub Convenience Store Nursing Home Assisted Living Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Belding
    County
    Ionia
    State
    Michigan
    Longitude
    -85.384919
    Latitude
    43.09566

    Nearby Similar for Sale

    • $165,000
      0.20 Acres

      Historical Place of Worship

      Historical place of worship with flexible spaces and exquisite features.
      301 S Pleasant St, Belding, MI 48809
      View Details
    • $495,000
      3,200 SF

      Turnkey Tavern Near Flat River

      Turnkey tavern with outdoor seating near the Flat River.
      135 N Bridge St, Belding, MI 48809
      View Details
    • $2,300,000
      72,863 SF

      Belding Warehouse on 11.9 Acres

      72,863 SF warehouse/industrial property on 11.9 acres for sale.
      11980 Fisk Rd, Belding, MI 48809
      View Details
    • $180,000
      0.14 Acres

      Belding Duplex Investment Opportunity

      Turnkey duplex in Belding, ideal for investors or owner-occupants.
      107 W Center St, Belding, MI 48809
      View Details
    • $1,065,000
      26,486 SF

      Save A Lot Grocery Store

      Grocery store with long-term lease and annual rent increases.
      7434 Storey Rd, Belding, MI 48809
      View Details
    • $600,000
      9,100 SF

      Belding Retail Opportunity on M-44

      Retail property with high traffic and minimal maintenance responsibilities.
      395 E State St, Belding, MI 48809
      View Details

    FAQs

    What type of property is this?
    Race track - 190+ acre Grattan Raceway, suitable for redevelopment or private racetrack.
    Where is this race track located?
    The property is located at 7201 Lessiter Rd NE Belding, MI.
    What is the asking price?
    The asking price for this property is $15,000,000.
    What are key features of this property?
    This property features: - Over 190 acres of land suitable for redevelopment or private racetrack.; - Features a two-mile paved racetrack with ten challenging turns and a **3,200 ft straightaway**.; - Includes approximately 1.25 miles for a Motocross course.
    (616) 259-6386
    Request Owner's contact information
    7201 Lessiter Rd NE Belding, MI 48809
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7201 Lessiter Rd NE
    Belding, MI 48809
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7201 Lessiter Rd NE Belding, MI 48809
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.