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    FOR SALE
    Commercial land

    1800 E Grand River Ave, Portland, MI 48875

    50.74 ac lot
    Entity Owned 19-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-4237414
    Property summary
    AI-generated overview

    This exceptional 50.74-acre commercial land parcel presents a unique investment opportunity in Portland, Michigan. Strategically located at the I-96 and East Grand River Avenue interchange, this site boasts immediate access to major transportation arteries, connecting it seamlessly to both Lansing and Grand Rapids. The property is zoned for Office Research, making it ideal for a variety of mixed-use developments. Plans for a new access road are already in place, simplifying development and enhancing accessibility. The site itself is largely cleared and level at street grade, ready for immediate construction. All utilities are readily available, minimizing infrastructure hurdles. With significant frontage along both East Grand River Avenue and Cutler Street, this property offers unparalleled visibility and exposure. The land is divisible, providing flexibility for various development scenarios. The asking price ranges from $50,000 to $90,000 per acre, reflecting the exceptional location and development-ready condition of this prime commercial real estate. This is a rare opportunity to acquire a substantial, highly accessible site in a rapidly growing area. Don't miss this chance to capitalize on the potential of this key location.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 50.74 ac (2,210,234 SF)
    APN 34-300-500-000-010-03
    UPID US43-4237414
    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
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    City Of Portland · 19 yrs held
    City Of Portland
    since 2007
    1 recorded transaction
    2007
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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