3940 68Th St, Caledonia, MI 49316
This exceptional investment opportunity encompasses two parcels totaling between 0.55 and 4.72 acres of land located in Caledonia, Michigan, within Kent County. The property boasts prime frontage on 68th Street SE at a busy intersection, offering significant visibility and accessibility. The combined addresses are 3940 68th Street SE and 6825 East Paris Avenue SE, both situated in a thriving industrial and residential corridor within the 49316 zip code. The land is zoned C-1, Neighborhood Commercial, presenting a range of potential development options for industrial or commercial uses. The property's strategic location and zoning make it an ideal site for various businesses seeking a high-traffic location. Parcel numbers are 41-22-11-200-008 and 41-22-11-200-092. This is a rare opportunity to acquire a substantial land parcel in a desirable area with excellent growth potential. The asking price for this combined property is $3,000,000. Further details regarding potential uses are available upon request.
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.