Retail Outlot in Kentwood

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 29965045
Property Subtypes: Retail, Retail-Pad
Status: Pending
Gross Land Area: 1.13 Acres
Sale Price: $750,000
Unit Price: $663,716 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/19/2019

Overview / Comments

Located on the SEC of 54th St. and Division and along the Division Avenue Bus Rapid Transit (Silver Line) transportation project. A total of 33 stations have been built spanning the three cities of Grand Rapids, Kentwood and Wyoming. Join National and Regional retailers such as Big Lots, Goodwill, DailyDeals, Home Depot, Super Wal*Mart, Culver's, Little Caesar's and Aldi's and a new prototype Wendy's. Capitalize on the synergy created by Home Depot, a NEW Super Wal*Mart and the revitalization of Division Avenue.

The proposed outlot is pending approval from the City of Kentwood. With this approval in place, a retail structure of 6,000 sf on 27,500 sf with 138 feet of frontage is available. Two points of entry to the property make the ingress and egress very easy to navigate. One driveway is located on the east-west running 54th Street and the other is on the north-south running Division Avenue. Both entrances are ideally located to allow for ease of entry and exit due to the speed of the traffic regulated by the intersection controlled at 54th and Division. This outlot is perfectly situated to take advantage of the heavy commuter traffic in a strong commercial corridor.

Attachments & Media

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Kent
Submarket/Township: 36th/44th St Corridor
Tax ID/APN: 41-18-31-103-063
Zoning: C-2, COMMUNITY COMMERCIAL
Property Located Between: SEC of 54th St. and Division
Property Visibility: Excellent
Largest Nearby Street: Division Avenue
Feet of Frontage: 138
Traffic/Vehicle Count: 40,000
Highway Access: Quick and easy access to M-6 and US 131.
Site Description: Excellent Demographics - 77,000 in 3-Mile radius Many National & Regional retail tenants in immediate vicinity Safe / Easy Ingress & Egress from Division Avenue & 54th Street On the "Silver Line" Express Bus Route with stops at the intersection Planned Outlot at Division Avenue very close to the Silver Line bus stop
Topography: Level
Available Utilities: Electric, Water, Gas, Sewer
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,035 97,560 223,608
Median Age: 33.59 35.48 34.2
Households: 5,199 37,168 83,896
The information presented herein is provided as is, without warranty of any kind. Neither Commercial Alliance of REALTORS West Michigan nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.