Property profile

7726 Georgetown Ctr Dr Jenison, MI 49428

OFF-MARKET
Commercial land
Property ID
US43-2471566
0.68 ac lot
Entity Owned 8-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional offering presents two adjacent, vacant commercial lots totaling 1.31 acres in the highly desirable Georgetown Center Drive corridor of Jenison, Michigan. Located in Ottawa County, with APNs 70-14-15-227-008 and 70-14-15-227-009, these parcels represent a rare opportunity to acquire a significant undeveloped land holding in a thriving mixed-use area. The property is situated amongst established healthcare businesses and restaurants, ensuring high visibility and convenient access. The asking price of $750,000 encompasses both lots, providing a substantial development opportunity. However, the seller may consider selling the parcels individually at a reduced price, offering flexibility for potential buyers. This is the last large undeveloped parcel remaining on the street, making it a truly unique investment prospect. The address is 7726 and 7724 Georgetown Center Drive, Jenison, MI 49428. This prime location offers excellent potential for a variety of commercial developments, capitalizing on the area's strong economic activity and strategic positioning. Don't miss this chance to secure a prominent piece of Jenison's commercial landscape.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.68 ac (29,751 SF)
Zoning code NS
APN 70-14-15-227-009
UPID US43-2471566

Cap rate & NOI

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

Location

7726 Georgetown Ctr Dr Jenison, MI 49428-7142
Jenison metro Census 21606 GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request

Owner & transaction history

since 2017
1 recorded transaction
2017
Price N/A

Zoning & alternative use

NS · Jenison, 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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