Land

3141 & 3199 East Beltline Ave NE


3141 & 3199 East Beltline Ave NE
Grand RapidsMI 49525

3141 & 3199 East Beltline Ave NE

Land

3141 & 3199 East Beltline Ave NE, Grand RapidsMI 49525

Details

Land
7.26 Acres
Zoning
INSTITUTIONAL/PUD-2
Building Status
Existing
Occupancy Type
Single Tenant
Water Utility Available
Yes
Sanitary Sewer Utility Available
Yes
County
Kent
Submarket
East Beltline North

Current Listings

Forest Hills Public Schools Multifamily Land

7.26 Acres$1,650,000
NAI Wisinski of West Michigan

• Zoning per Future Land Use Map accommodates up to 72 multifamily housing units

• All utilities available (water must be extended from east side of East Beltline Ave)

• Easy access to Interstate 96—very marketable site for future residents

• Excellent demographics— very strong population density and median household income!

• Top rated school district—Forest Hills Public Schools is rated as the best school district in Grand Rapids, one of the top school districts in Michigan, and is nationally ranked and was awarded a Silver Medal by U.S. News & World Report

• Only 2 minute drive to regional retail amenities, including Meijer Superstore, TJ Maxx, Old Navy, Celebration Cinema, PF Chang’s, Panera Bread, Starbucks, and much more!

Well located parcel with great development potential for multifamily use. While the site is conducive to rental housing, it is ideally situated to accommodate for sale condominium housing. This is a rare opportunity to acquire high density residential land within the desirable Forest Hills Public School district. Excellent demographics support a wide range of potential residential product types and price points. The property is located along a major north-south artery with easy access to Interstate-96, and offers convenient access to employment, shopping and entertainment opportunities. The parcel is heavily wooded and currently comprised of rolling terrain. However, the site has been examined by a civil engineer and it is possible to site balance and level the terrain to support a multifamily development. In addition, the property offers useable timber that could be sold to help offset site clearing costs. The Grand Rapids Township future land use map allows a housing density of 10 units per net usable acre via a rezoning to PUD (Planned Unit Development), subject to additional zoning constraints.

NAI Wisinski of West Michigan

• Zoning per Future Land Use Map accommodates up to 72 multifamily housing units

• All utilities available (water must be extended from east side of East Beltline Ave)

• Easy access to Interstate 96—very marketable site for future residents

• Excellent demographics— very strong population density and median household income!

• Top rated school district—Forest Hills Public Schools is rated as the best school district in Grand Rapids, one of the top school districts in Michigan, and is nationally ranked and was awarded a Silver Medal by U.S. News & World Report

• Only 2 minute drive to regional retail amenities, including Meijer Superstore, TJ Maxx, Old Navy, Celebration Cinema, PF Chang’s, Panera Bread, Starbucks, and much more!

Well located parcel with great development potential for multifamily use. While the site is conducive to rental housing, it is ideally situated to accommodate for sale condominium housing. This is a rare opportunity to acquire high density residential land within the desirable Forest Hills Public School district. Excellent demographics support a wide range of potential residential product types and price points. The property is located along a major north-south artery with easy access to Interstate-96, and offers convenient access to employment, shopping and entertainment opportunities. The parcel is heavily wooded and currently comprised of rolling terrain. However, the site has been examined by a civil engineer and it is possible to site balance and level the terrain to support a multifamily development. In addition, the property offers useable timber that could be sold to help offset site clearing costs. The Grand Rapids Township future land use map allows a housing density of 10 units per net usable acre via a rezoning to PUD (Planned Unit Development), subject to additional zoning constraints.

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Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

CIE

Source: CARWM

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