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    850 Nw - Comstock Park, MI 49321

    Sponsored
    For Sale
    $1,500,000

    5.74 Acres Commercial Land, Comstock Park

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5.74-acre commercial lot, situated at 850 Range Street NW - Lot 10 in Comstock Park, Michigan (49321), presents a unique investment opportunity within the thriving Range at Alpine development. Approved for a 124-unit, three-story age-restricted (55+) apartment complex, this site offers significant potential for high-density residential development. The property is part of a larger project encompassing 73 single-family home sites and 54 planned townhome/condo units, ensuring a vibrant and growing community. The remaining acreage is ideally suited for retail or office development, with flexibility in lot lines to accommodate diverse needs. The developer is prepared to offer build-to-suit options. The Range at Alpine benefits from its location along the heavily trafficked Alpine Avenue retail corridor, providing excellent visibility and accessibility. Municipal sewer and water services are available, and a new traffic signal will be installed at the intersection of Alpine Church and Alpine Avenue, further enhancing convenience and accessibility. This prime location, coupled with the approved development plans and infrastructure improvements, makes this a compelling investment opportunity. The asking price for this exceptional parcel is $1,500,000.

    Property Features for 850 Nw -

    General Information

    Property type
    Land
    Lot Size
    250,034 SF

    HighLights

    • 5.74‑acre commercial lot in Comstock Park, MI (49321).
    • Approved for a 124‑unit, three‑story, age‑restricted (55+) apartment complex.
    • Located in the Range at Alpine development, near 73 single‑family homes and 54 planned townhomes/condos.
    • Remaining acreage suitable for retail or office development, with flexible lot lines.
    • Build‑to‑suit options available.
    • Prime location on Alpine Avenue with high traffic and visibility; municipal sewer and water available; new traffic signal planned.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Comstock Park
    County
    Kent
    State
    Michigan
    Longitude
    -85.6640365
    Latitude
    43.0734054

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    FAQs

    What type of property is this?
    Land - 5.74 Acres Commercial Land, Comstock Park
    Where is this land located?
    The property is located at 850 Nw - Comstock Park, MI.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: 5.74-acre commercial lot in Comstock Park, MI (49321).; Approved for a 124-unit, three-story, age-restricted (55+) apartment complex.; Located in the Range at Alpine development, near 73 single-family homes and 54 planned townhomes/condos.
    (616) 327-2614
    Request Owner's contact information
    850 Nw - Comstock Park, MI 49321
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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
    850 Nw - Comstock Park, MI 49321
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