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    5160 60Th St Grand Rapids, MI 49512

    Sponsored
    For Sale
    $626,500

    1.79 Acres, High Visibility, $626,500

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.79-acre commercial land parcel presents a remarkable investment opportunity in Grand Rapids, Michigan. Located at 5160 60th Street SE, Parcel B, in Kent County (APN 41-23-06-200-049), this property boasts unparalleled visibility due to its prime location along the busy M-6 and Broadmoor corridor. Situated directly across from a large, currently under-construction, 500-unit apartment complex, this site offers significant potential for retail development. The land is conveniently serviced by municipal sewer and water. This elevated parcel sits at the highest point on the north side of M-6, ensuring maximum exposure and attracting significant traffic. The asking price is $626,500, translating to approximately $198,675 per acre. While the final acreage is subject to a new survey, the current estimate is 1.79 acres. Please note that this property is subject to necessary municipal approvals before development can commence. This is a rare opportunity to capitalize on the growth and development within this thriving area of Grand Rapids. The zip code is 49512. Coordinates are 42.853443 latitude and -85.538497 longitude.

    Property Features for 5160 60Th St

    General Information

    Property type
    Land
    Lot Size
    77,972 SF

    HighLights

    • $626,500 asking price for 1.79 acres of commercial land.
    • Located at 5160 60th Street SE, Parcel B, Grand Rapids, MI 49512 (APN 41‑23‑06‑200‑049).
    • Land value: $198,675/acre.
    • High‑visibility site in Caledonia Township, offering excellent potential for retail development.
    • Municipal sewer and water available; subject to municipal approvals and survey.
    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
    -85.538497
    Latitude
    42.853443

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    FAQs

    What type of property is this?
    Land - 1.79 Acres, High Visibility, $626,500
    Where is this land located?
    The property is located at 5160 60Th St Grand Rapids, MI.
    What is the asking price?
    The asking price for this property is $626,500.
    What are key features of this property?
    This property features: $626,500 asking price for 1.79 acres of commercial land.; Located at 5160 60th Street SE, Parcel B, Grand Rapids, MI 49512 (APN 41-23-06-200-049).; Land value: $198,675/acre.
    Request Owner's contact information
    5160 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
    5160 60Th St Grand Rapids, MI 49512
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