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Sale Price: $900,000
Property Type: MultiFamily Land
Gross Land Area: 10 Acres
Price per acre: $90,000
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Well located parcel with great development potential for student housing or market rate multifamily use. The site sits immediately adjacent to Davenport University, which is a rapidly growing private institution with expanding academic and athletic programs. Davenport offers associates, bachelors and masters degrees through its College of Arts and Sciences, College of Health Professions, College of Technology and Donald W. Maine College of Business. Fall 2017 enrollment was 7,232 students. Potential for two ingress and egress points along 68th Street. City water and sewer lines are in place along 68th Street. The property is located just minutes from an interchange for two major travel arteries (M-6 Highway and US-131), and offers convenient access to employment, shopping and entertainment opportunities. The parcel is gently sloping with only partial tree clearing required for site preparation. The Caledonia Township planning department suggests a likely allowed density of 5-6 units per acre via a rezoning to PUD (Planned Unit Development).
Two Parcels 41-23-05-300-005 & 41-23-05-300-004, both have vacant single family homes on the property.
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