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    850 Nw - Comstock Park, MI 49321

    Sponsored
    For Sale
    $450,000

    0.92-acre commercial lot in Comstock Park, MI

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.92-acre commercial lot, situated at 850 Range Street NW - Lot 9 in Comstock Park, Michigan (zip code 49321), presents a prime investment opportunity within the burgeoning Range at Alpine development. This thriving community, located along the high-traffic Alpine Avenue retail corridor, is experiencing significant growth. The project encompasses 73 single-family home sites and 54 planned townhome/condo units, creating a vibrant and expanding residential base. Adjacent to this lot, plans include a 124-unit, three-story apartment building for residents aged 55 and older. This lot offers flexibility for retail or office use, with the possibility of adjusting lot lines to meet specific needs. The development benefits from municipal sewer and water services, and a new traffic signal will be installed at the intersection of Alpine Church and Alpine Avenue, enhancing accessibility and visibility. Build-to-suit options are available, providing further customization potential. The asking price for this strategically located lot is $450,000. This is an exceptional opportunity to capitalize on the rapid growth and strong demand in this dynamic area.

    Property Features for 850 Nw -

    General Information

    Property type
    Land
    Lot Size
    40,075 SF

    HighLights

    • 0.92‑acre commercial lot in Comstock Park, MI (49321) at 850 Range Street NW - Lot 9.
    • Prime investment opportunity in the Range at Alpine development, a high‑traffic area along Alpine Avenue.
    • Surrounded by a growing residential community (73 single‑family homes, 54 townhomes/condos, and a planned 124‑unit senior apartment building).
    • Flexible zoning allows for retail or office use, with build‑to‑suit options and potential lot line adjustments.
    • Municipal sewer and water, plus a new traffic signal at Alpine Church and Alpine Avenue for improved access.
    • Asking price: $450,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Comstock Park
    County
    Kent
    State
    Michigan
    Longitude
    -85.689880985021
    Latitude
    43.0519760612

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    FAQs

    What type of property is this?
    Land - 0.92-acre commercial lot in Comstock Park, MI
    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 $450,000.
    What are key features of this property?
    This property features: 0.92-acre commercial lot in Comstock Park, MI (49321) at 850 Range Street NW - Lot 9.; Prime investment opportunity in the Range at Alpine development, a high-traffic area along Alpine Avenue.; Surrounded by a growing residential community (73 single-family homes, 54 townhomes/condos, and a planned 124-unit senior apartment building).
    (616) 327-2614
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    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

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    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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