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    5160 60Th St Grand Rapids, MI 49512

    Sponsored
    For Sale
    $1,137,000

    3.79 Acres, M-6 Visibility, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3.79-acre commercial land parcel presents a remarkable investment opportunity in Grand Rapids, Michigan. Located at 5160 60th Street SE (Parcel B & C), this property boasts unparalleled visibility due to its prime location along the busy M-6 and Broadmoor corridors. Situated at the highest point on the north side of M-6, the land offers exceptional exposure to a high volume of daily traffic. The site benefits from readily available municipal sewer and water services, simplifying development plans. This location is particularly attractive given its proximity to a large, 500-unit apartment complex currently under construction, ensuring a strong and growing residential base. While the final acreage is subject to a new survey, the approximate 3.79 acres provide ample space for a variety of commercial developments. The property is zoned for commercial use, however, prospective buyers should be aware that municipal approvals are required before commencing any construction or development projects. The asking price for this strategically positioned land is $1,137,000. The APN is 41-23-06-200-049. This is a rare chance to secure a highly visible and well-situated parcel in a rapidly developing area of Grand Rapids, offering significant potential for future growth and return on investment.

    Property Features for 5160 60Th St

    General Information

    Property type
    Land
    Lot Size
    165,092 SF

    HighLights

    • 3.79‑acre commercial land parcel in Grand Rapids, MI, at 5160 60th Street SE (Parcel B & C).
    • High visibility due to M‑6 and Broadmoor corridor location, offering exceptional exposure to high traffic volume.
    • Municipal sewer and water readily available.
    • Proximity to a 500‑unit apartment complex under construction.
    • Zoned commercial; municipal approvals required for development.
    • Asking price: $1,137,000; APN: 41‑23‑06‑200‑049.
    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
    Michigan
    State
    Michigan
    Longitude
    -85.538497
    Latitude
    42.853443

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    FAQs

    What type of property is this?
    Land - 3.79 Acres, M-6 Visibility, High Traffic
    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 $1,137,000.
    What are key features of this property?
    This property features: 3.79-acre commercial land parcel in Grand Rapids, MI, at 5160 60th Street SE (Parcel B & C).; High visibility due to M-6 and Broadmoor corridor location, offering exceptional exposure to high traffic volume.; Municipal sewer and water readily available.
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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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