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    OFF-MARKET
    Commercial land

    862 17th Mile NE Rd, Cedar Springs, MI 49319-9432

    3.12 ac lot
    Entity Owned 4-yr Hold Free & Clear
    Property ID
    US43-1489307
    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
    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
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Dexko Real Estate LLC · 4 yrs held
    Dexko Real Estate LLC
    since 2021
    Last sale
    $225,000
    1 recorded transaction
    2021
    $225,000
    Zoning & alternative use
    HC · Cedar Springs, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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