Listing Agency: Colliers - Grand Rapids, Michigan s***@colliers.com Show Phone

Listed By: Shawn O'Brien · License #MI 6502358107

Source: Crexi

Added: Feb 2, 2024 Changed: Aug 19 Last Checked: Aug 19 at 8:30PM

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Investment Insights

Based on property information with market context.

This 1.2-acre redevelopment site is located near the intersection of Cedar Street and Holt Road, specifically on the corner of Cedar Street and Watson Avenue. The site consists of one 0.27-acre parcel and one 0.93-acre parcel, combining for 420 feet of frontage along Cedar Street. Traffic along Cedar Street averages approximately 7,000 vehicles per day. Surrounding businesses include Crystal Bar, H&R Block, Steven L Marvin Salon, and Summerlands Brewing Company.

Key Highlights

• 1.2‑acre redevelopment site
• Located on the corner of Cedar Street and Watson Avenue
• Combined 420’ of frontage along Cedar Street

Property Analytics

Property Profile

Current Use

Commercial land

Suggested Use

Top Pick Restaurant Law Firm Spa & Massage Center HVAC Service Auto Parts Store Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

522

Businesses Nearby

Explore this area Business Placement

Demographics for 48842, MI

21,548

Population

9,573

Households

2.3

Avg Household Size

40

Median Age

39%

College-Educated

93%

High-School Grad

17.2 sq mi

ZIP Area

1,253

Density / Sq Mi

$86,830

Median Household Income

$50,275

Median Earnings

$1,245

Median Rent

$211,500

Median Home Value

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Frequently Asked Questions

What type of property is this?

Commercial land - 1.2-acre redevelopment site with frontage on Cedar Street.

Where is this commercial land located?

The property is located at 1960-1974 Cedar St Holt, MI.

What is the asking price?

The asking price for this property is $670,000.

What are key features of this property?

This property features: 1.2‑acre redevelopment site; Located on the corner of Cedar Street and Watson Avenue; Combined 420’ of frontage along Cedar Street