Property profile

862 17th Mile NE Rd Cedar Springs, MI 49319

OFF-MARKET
Commercial land
Property ID
US43-1489307
3.12 ac lot
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 2.89-acre commercial land parcel presents a remarkable investment opportunity in the thriving Cedar Springs, Michigan market. Strategically situated at 862 17 Mile Road NE, this property enjoys convenient access to both M-37 and US-131 highways, ensuring excellent visibility and connectivity. The site is ideally positioned between Kent City and Cedar Springs, offering a strong demographic reach. Detailed site plans allow for the construction of a substantial 19,440 square foot commercial building, complete with ample parking for 27 vehicles and necessary water retention areas. The property's zoning (information not provided) will need to be verified by the buyer to ensure it aligns with their intended development plans. With its prime location, significant buildable area, and convenient highway access, this parcel represents a rare chance to establish a thriving commercial presence in a rapidly growing area. The asking price for this exceptional opportunity is $225,000. The property's APN is 41-02-32-101-002. This is a turnkey opportunity for developers seeking a high-impact location. Further due diligence is recommended to confirm all aspects of the property's suitability for your specific project.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 3.12 ac (135,907 SF)
Zoning code HC
APN 41-02-32-101-002
UPID US43-1489307

Cap rate & NOI

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

Location

862 17th Mile NE Rd Cedar Springs, MI 49319-9432
Cedar Springs metro Census 10302 GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$225k

Owner & transaction history

since 2021
Last sale
$225,000
1 recorded transaction
2021
$225,000

Zoning & alternative use

HC · Cedar Springs, MI
Zoning description

DIVISION 11. - HIGHWAY COMMERCIAL (HC) Sec. 32-419. - Intent and purpose. (a) The intent of the Highway Commercial District is to provide specific standards for the roadways leading to the U.S. 131 interchange in order t…

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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