Property profile

1800 E Grand River Ave Portland, MI 48875

FOR SALE
Commercial land
Property ID
US43-4237414
50.74 ac lot
Entity Owned 19-yr Hold Absentee Owner Free & Clear
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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

Location

1800 E Grand River Ave Portland, MI 48875
Portland metro Census 31500 GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history

since 2007
1 recorded transaction
2007
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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