Great Investment Opportunity for someone in Aviation, Real Estate Development or Both. Privately owned & operated 68.5 acre Airport in Zeeland Twp. This is ideally located 10 minutes from Holland Michigan and 15 minutes from Grand Rapids Michigan which is the 2nd largest city in the state. This area is growing rapidly. visit www.therightplace.org for more information on the growth opportunites in West Michigan. The 9 residential lots and 40 hanger lots are estimated at $4,000,000. 11% CAP RATE on the business and plenty of room for expansion to build more hangers, self-storage units, ect. Great location for an Aviation School. Property is a PUD - C1 Commercial Zone. All hangers are 100% rented. Well built and well maintained. Utilities already in place for additional development. Purchase comes with 6 vacant res (1.01 acre) lots with taxiway to airstrip (lots located on Air Park Dr + 1 (1.64 acre) lot. *MAIN ROI is building out 40: 90x90 Commercial lots for $80-100K each. For someone w/ ambition you will get your full investment back and have a cash flowing asset for years to come. Don't miss this opportunity.
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