Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1800 E Grand River Ave Portland, MI 48875
    Back to Search
    Property profile & analytics

    1800 E Grand River Ave Portland, MI 48875

    View on Map
    • Commercial land
    • 50.74 lot acres
    For Sale
    $2,537,000
    View Listing →
    50.74-Acre Development Site in Portland For Sale
    $2,537,000
    50.74 Acres

    50.74-Acre Development Site in Portland

    Premier commercial mixed-use development site with excellent regional connectivity.

    1800 E Grand River Ave, Portland, MI 48875
    View Listing
    Property ID
    US43-4237414
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 1800 E Grand River Ave

    Lot size
    50.74 lot acres
    Property type
    Commercial land
    APN
    34-300-500-000-010-03
    APU
    3430050000001003

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Ionia
    State
    Michigan
    Longitude
    -84.8832
    Latitude
    42.8542
    CBSA code
    24340
    CBSA name
    GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.00 Acres

      123 Kent St

      VACANT COMMERCIAL LAND • 0.00 Acres
      123 Kent St, Portland, MI 48875-1456
      View Details
    • Value Estimation by Request
      9.39 Acres

      Lyons Rd

      VACANT COMMERCIAL LAND • 9.39 Acres
      Lyons Rd, Portland, MI 48875
      View Details
    • Value Estimation by Request
      1.99 Acres

      8188 State Rd

      VACANT COMMERCIAL LAND • 1.99 Acres
      8188 State Rd, Portland, MI 48875-8756
      View Details
    • Value Estimation by Request
      33.94 Acres

      Sec 13th Sebewa Twp

      VACANT COMMERCIAL LAND • 33.94 Acres
      Sec 13th Sebewa Twp, Portland, MI 48875
      View Details
    • Value Estimation by Request
      1.38 Acres

      7809 State Rd

      VACANT COMMERCIAL LAND • 1,680 SF
      7809 State Rd, Portland, MI 48875-9727
      View Details
    • Value Estimation by Request

      Ee Orch St

      VACANT COMMERCIAL LAND
      Ee Orch St, Portland, MI 48875
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      50.74-Acre Development Site in Portland

      Premier commercial mixed-use development site with excellent regional connectivity.
      1800 E Grand River Ave, Portland, MI 48875
      View Details
    • $59,900
      0.29 Acres

      Corner Lot in C-2 District

      Corner lot suitable for office or retail in Portland, MI.
      507 E Grand River Ave, Portland, MI 48875
      View Details
    • $200,000

      Commercial Land on Grand River Avenue

      Development-ready commercial land with high visibility and frontage.
      1131 East Grand River Ave, Portland, MI 48875
      View Details
    • $150,000
      Pending

      Scenic Land Parcel in Portland

      8.86-acre parcel with wetland, woods, and tillable acreage near I-96.
      V/L Frost Rd, Portland, MI 48875
      View Details
    • $56,500
      1.60 Acres

      Residential Land in Portland, MI

      1.6 acre residential lot with no association fees.
      Mountainmint Cir, Portland, MI 48875
      View Details
    • Contact for pricing

      Downtown Portland Retail Investment Opportunity

      Profitable restaurant property with lease in place until 2027.
      117 East Grand River Ave, Portland, MI 48875
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space at Lighted Intersection

      Retail space with excellent visibility near major retailers.
      1328 E Grand River Ave, Portland, MI 48875
      View Details
    • $10 SF/Yr
      11,215 SF

      Retail Building with Drive-Up Window

      Retail building with easy access, drive-up, and loading door.
      1339 E Grand River Ave, Portland, MI 48875
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1800 E Grand River Ave
    Portland, MI 48875
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1800 E Grand River Ave, Portland, MI, 48875
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!