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Property profile & analytics
OFF-MARKET
Commercial land

5844 Division S Ave Kentwood, MI 49548-5753

6.67 ac lot
Individually Owned 17-yr Hold Absentee Owner Free & Clear
Property ID
US43-2161453
Property summary
AI-generated overview

This exceptional 6.64-acre commercial land parcel presents a prime greenfield development opportunity in Grand Rapids, Michigan. Located at 5844 Division Ave S, Kentwood, this property boasts 450 feet of frontage on Division Avenue, just off 60th Street, offering excellent visibility and accessibility. The land features desirable topography and is zoned FBC (Form-Based Code) as part of the "Corridor General" designation within the City of Kentwood's zoning plan. This versatile zoning allows for a wide array of potential uses, including but not limited to retail, office, self-storage facilities, multifamily residential buildings, educational institutions, and more. The property's APN is 41-18-31-352-053. The asking price is $795,000, translating to approximately $119,728.92 per acre. This represents a significant opportunity for investors and developers seeking a strategically located site with substantial development flexibility in a thriving Michigan market. The property is being offered for sale by owner. This is a rare chance to acquire a large, well-situated parcel in a rapidly growing area. Don't miss this chance to secure your future development project.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 6.67 ac (290,545 SF)
Zoning code FBC
APN 41-18-31-352-053
UPID US43-2161453
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
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
John D Stewrt · 17 yrs held
John D Stewrt
since 2008
3 recorded transactions
2008
$131,620
2008
Price N/A
2008
$130,221
Zoning & alternative use
FBC · Kentwood, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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