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Financial
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Property profile

6697 Broadmoor Ave SE Caledonia, MI 49316

FOR SALE
Drive through restaurants
Property ID
US43-1882013
4,128 SF 2.31 ac lot
Entity Owned 5-yr Hold Free & Clear
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6697 Broadmoor Ave SE, Caledonia, MI 49316 For Sale
Contact for pricing 4,128 SF
6697 Broadmoor Ave SE, Caledonia, MI 49316
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Property summary

AI-generated overview

This exceptional 2.18-acre commercial land parcel presents a compelling investment opportunity in Caledonia, Michigan. Located at 6697 Broadmoor Ave SE, this property boasts a highly desirable Highway Commercial zoning designation (Future Land Use), perfectly positioned to capitalize on the area's rapid growth. The site is strategically situated just off the M-6 interchange, a key location experiencing significant development. Recent additions to the area include two new hotels, the Switch campus, and a fully operational Amazon distribution center, underscoring the burgeoning commercial activity. Further fueling this growth are new apartment complexes, retail developments, a recently opened Meijer, and a Circle K gas station, with additional restaurants planned. Priced at $685,750, or $325,000 per acre, this is the last remaining parcel of this size in the immediate area, making it a rare and valuable asset for developers and investors seeking a prime location with exceptional future potential. The property's 49316 zip code and Kent County location provide easy access to major transportation routes and a thriving local market. This is an unparalleled chance to secure a foothold in a rapidly expanding commercial corridor. The land is ready for immediate development, offering significant returns for those seeking a high-growth investment.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Total area 4,128 SF
Lot 2.31 ac (100,624 SF)
Zoning code R1
APN 41-23-06-451-043
UPID US43-1882013

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

6697 Broadmoor Ave SE Caledonia, MI 49316
Caledonia metro Census 14811 GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$575k

Owner & transaction history

since 2021
2 recorded transactions
2021
Price N/A
2021
Price N/A

Zoning & alternative use

R1 · Caledonia, MI

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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