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    OFF-MARKET
    Land

    7201 Lessiter Ave, Belding, MI 48809

    201.03 ac lot
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Land
    Lot 201.03 ac (8,756,867 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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