Property profile

5844 Division S Ave Kentwood, MI 49548

OFF-MARKET
Commercial land
Property ID
US43-2161453
6.67 ac lot
Individually Owned 17-yr Hold Absentee Owner Free & Clear
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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

Location

5844 Division S Ave Kentwood, MI 49548-5753
Kentwood metro Census 12902 GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2008
3 recorded transactions
2008
$131,620
2008
Price N/A
2008
$130,221

Zoning & alternative use

FBC · Kentwood, MI
General category UNKNOWN

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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