7201 Lessiter Ave, Belding, MI 48809
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.