Property profile

44th & Spartan Industrial Dr Grandville, MI 49418

OFF-MARKET
Land
0.52 ac lot
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Property summary

AI-generated overview

This 0.52-acre commercial land parcel in Grandville, Michigan, presents a prime build-to-suit or ground lease opportunity. Located at the intersection of 44th Street SW and Spartan Industrial Drive SW, this site boasts exceptional visibility to over 30,216 vehicles daily. Existing site plan approval is in place for a 2,720 square foot building with a double drive-thru, ideal for a bank or similar business. The property features 22,858 square feet of land with 116 feet of frontage. Utilities are provided by Consumers Energy. The site is zoned OS-1 (Office/Service) and its Kent County location within the Southwest Grand Rapids submarket offers unparalleled access to a thriving retail corridor, including nearby Cabela's, Target, and Meijer. RiverTown Crossings, a major shopping and dining destination, is just a four-minute drive away. The property benefits from excellent ingress and egress, ample parking, and a signalized intersection. This location enjoys strong demographics, with over 170,195 people residing within a five-mile radius, boasting an average household income exceeding $72,448 and a total annual consumer spending of over $3.47 billion. Grandville's projected population growth of 4.4% over the next five years further underscores the investment potential of this exceptional site. The property's APN is 41-17-21-376-008.

Property profile

Verified
Property type Land
Lot 0.52 ac (22,651 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

44th & Spartan Industrial Dr Grandville, MI 49418
Grandville metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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