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    7201 Lessiter Ave Belding, MI 48809

    Sponsored
    For Sale
    Contact for pricing

    Exceptional 201-acre tract, ideal redevelopment.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 201.03-acre property, located at 7201 & 7511 Lessiter Avenue NW in Belding, Michigan (Kent County, zip code 48809), presents a unique investment opportunity. Currently zoned AG 2, the land comprises two separate parcels (APN: 41-12-09-100-003 & -004) offering over 4,000 feet of frontage along Muskrat Lake. The site boasts existing utilities and is strategically located approximately 15 miles northeast of Grand Rapids, MI. Previously home to Grattan Raceway, a renowned privately owned racetrack, the property features a 2-mile paved course with ten challenging turns and a 3,200 ft. straightaway. Additionally, approximately 1.25 miles of land is suitable for a motocross course. This expansive property is perfect for redevelopment or continued use as a private motorsports facility. Its size, location, and existing infrastructure make it an attractive proposition for a variety of uses. The property's unique history and potential for future development make it a truly exceptional offering.

    Property Features for 7201 Lessiter Ave

    General Information

    Property type
    Land
    Lot Size
    8,756,867 SF

    HighLights

    • 201.03‑acre land parcel in Belding, MI.
    • Located at 7201 & 7511 Lessiter Avenue NW, Kent County, MI 48809.
    • Zoned AG‑2.
    • APN: 41‑12‑09‑100‑003 & -004.
    • Features approximately 4,000 feet of frontage along Muskrat Lake.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Belding
    County
    Kent
    State
    Michigan
    Longitude
    -85.3775008
    Latitude
    43.0977731

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    FAQs

    What type of property is this?
    Land - Exceptional 201-acre tract, ideal redevelopment.
    Where is this land located?
    The property is located at 7201 Lessiter Ave Belding, MI.
    What are key features of this property?
    This property features: 201.03-acre land parcel in Belding, MI.; Located at 7201 & 7511 Lessiter Avenue NW, Kent County, MI 48809.; Zoned AG-2.
    (616) 235-0900
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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 Lessiter Ave Belding, MI 48809
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