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100 Grandville Ave SW Suite 100
Grand Rapids, MI 49503
616.575.7006

The NAI Global Great Lakes Region Multifamily Team specializes in Investment Properties throughout Michigan.

Property Overview

3141 & 3199 East Beltline Ave NE
Grand Rapids, MI 49525
Sale Price: $1,650,000
Property Type: Multifamily Land
Gross Land Area: 7.26 Acres
Price per acre: $227,272

Property Description

Click to download the marketing flyer for

3141 & 3199 East Beltline Ave NE Land

Investment Highlights

  • 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.
Contact Information
Craig Black, CCIM
Direct: 616.242.1126
Email: craigb@naiwwm.com
Scott Nurski, MBA
Direct: 616.242.1106
Email: scottn@naiwwm.com
NAI Wisinski of West Michigan
100 Grandville Ave SW Suite 100
Grand Rapids, MI 49503
www.naiglobal.com