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    5362 60Th St Grand Rapids, MI 49512

    Sponsored
    For Sale
    $795,000

    6.48 Acres, R-4 Zoning, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 6.48-acre parcel presents a remarkable opportunity for developers seeking prime real estate in Grand Rapids, Michigan. Located at the intersection of M-6 and Broadmoor, this vacant land boasts unparalleled visibility and accessibility, making it ideal for a variety of projects. The property is zoned R-4 Heavy Residential, allowing for the development of multi-family housing or a hotel. Its strategic location offers significant advantages, including proximity to Gerald R. Ford International Airport and Davenport University, ensuring high demand and strong potential for return on investment. The substantial lot size provides ample space for a large-scale development, catering to the growing needs of the Grand Rapids community. This is a rare chance to acquire a sizable, strategically positioned land parcel in a thriving area with excellent access to major transportation routes and key amenities. The property's zoning and location combine to create a compelling investment opportunity with significant upside potential. Detailed zoning information and development guidelines are readily available upon request. The asking price for this exceptional property is $795,000. This is a truly unique opportunity to capitalize on the growth and development within Grand Rapids. The address is 5362 60th St SE, Grand Rapids, MI 49512, within Kent County.

    Property Features for 5362 60Th St

    General Information

    Property type
    Land
    Lot Size
    282,269 SF

    HighLights

    • 6.48‑acre vacant land in Grand Rapids, MI.
    • Located at M‑6 and Broadmoor intersection, offering high visibility and accessibility.
    • Zoned R‑4 Heavy Residential, suitable for multi‑family or hotel development.
    • Prime location near Gerald R. Ford International Airport and Davenport University.
    • Asking price: $795,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Auto Repair Shop Clothing Store Building Supply Wholesale Shop Auto Parts Store Department Store Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.5338433
    Latitude
    42.8544878

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    FAQs

    What type of property is this?
    Land - 6.48 Acres, R-4 Zoning, High Visibility
    Where is this land located?
    The property is located at 5362 60Th St Grand Rapids, MI.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: 6.48-acre vacant land in Grand Rapids, MI.; Located at M-6 and Broadmoor intersection, offering high visibility and accessibility.; Zoned R-4 Heavy Residential, suitable for multi-family or hotel development.
    Request Owner's contact information
    5362 60Th St Grand Rapids, MI 49512
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    Grand Rapids, MI 49512
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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
    5362 60Th St Grand Rapids, MI 49512
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