5160 60Th St, Grand Rapids, MI 49512
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.
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
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.