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    7201-7443 Lessiter Rd NE Belding, MI 48809

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    For Sale
    $15,000,000

    190+ acre Grattan Raceway property suitable for redevelopment or private racetrack.

    Lot size:
    190.56 Acres

    Property Features for 7201-7443 Lessiter Rd NE

    General Information

    Lot size
    190.56 Acres

    Source: Signature Associates Agent Joe Rizqallah

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Grattan Raceway Land for Sale

    The property features the prestigious Grattan Raceway, encompassing over 190 acres of land 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 with ten challenging turns and a 3,200-foot straightaway. Additionally, the property provides approximately 1.25 miles for a Motocross course. Utilities are available off the road and on site. The property consists of three separate parcels with over 4,000 feet of frontage along Muskrat Lake.
    Location Intelligence

    Current Use by Public Records

    Race tracks

    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
    -85.38025
    Latitude
    43.093384

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    FAQs

    What type of property is this?
    Race track - 190+ acre Grattan Raceway property suitable for redevelopment or private racetrack.
    Where is this race track located?
    The property is located at 7201-7443 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.; - **Two-mile paved racetrack with ten challenging turns and a 3,200 ft straightaway.**; - Includes approximately 1.25 miles for a Motocross course.
    (616) 822-6310
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    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
    7201-7443 Lessiter Rd NE Belding, MI 48809
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