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    OFF-MARKET
    Land

    5160 60Th St, Grand Rapids, MI 49512

    2 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 2-acre commercial land parcel presents a remarkable investment opportunity in Grand Rapids, Michigan. Located at 5160 60th Street SE, Parcel C, in Caledonia Township, this property boasts unparalleled visibility due to its prime location along the high-traffic M-6 and Broadmoor corridors. Situated directly across from a currently under-construction 500-unit apartment complex, this site benefits from significant existing and future residential density. The property features readily available municipal sewer and water services, simplifying development. The elevated position on the north side of M-6 ensures exceptional visibility for any future development. While the final acreage is subject to a new survey, the approximate size is 2 acres. This property is ideal for retail development and presents a strong potential for significant return on investment. Please note that this property is subject to municipal approvals before development can commence. The APN is 41-23-06-200-049 and the zip code is 49512. This is a rare opportunity to secure a highly visible and well-situated commercial lot in a rapidly growing area.

    Property profile
    Verified
    Property type Land
    Lot 2 ac (87,120 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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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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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