This exceptional 237-acre parcel presents a unique investment opportunity within the planned Covenant Business Park in Lowell Township, Kent County. Strategically located at the I-96 and Alden Nash Avenue SE interchange, this property boasts prominent frontage on I-96, Alden Nash Avenue SE, and Cascade Road SE, ensuring high visibility and accessibility. The land is zoned Planned Unit Development (PUD) and is fully serviced with utilities, simplifying development. This site is ideal for large-scale industrial and commercial projects. A significant portion, approximately 30 acres, is specifically designated for retail and commercial development along Alden Nash Avenue SE. The expansive acreage allows for the construction of a substantial distribution center, with the potential to accommodate a building exceeding one million square feet. The Build-to-Suit option offers flexibility for developers and businesses seeking a customized solution tailored to their specific needs and operational requirements. This prime location, combined with its zoning and utility access, makes this a rare and highly desirable development opportunity within a rapidly growing area. The property's size and strategic location make it an exceptional investment for long-term growth and profitability. This is a chance to be part of a thriving business park development in a key location with excellent transportation links.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$185,493,152
Hospitality
$169,910,720
Educational
$141,363,728
Medical
$146,225,440
Retail
$219,899,136
Location Insight
City
Lowell
County
Kent
State
Michigan
Latitude
42.8806
Longitude
-85.3762
CBSA code
24340
CBSA name
GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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