Commercial land in Wyoming, Michigan, offers a unique opportunity for investors to tap into the city's growing economy. With a diverse range of industries, including manufacturing, retail, education, health, and social services, commercial land in Wyoming presents a solid investment opportunity. This type of property can represent a variety of investments, from retail centers to industrial parks, and even educational institutions. Wyoming's strategic location, with easy access to major highways like I-196, US 131, M-6, and M-11, makes it an attractive location for businesses. The city's amenities, including a sewage plant, water plant, and public works building, also support commercial development. Additionally, Wyoming is home to several educational institutions and is part of the Grand Rapids-based public transit system, making it an ideal location for businesses that rely on a skilled workforce. The city's attractions, such as the 28th Street Metro Cruise and Studio 28, also make it a great place for business and travel.
Wyoming's commercial land market is characterized by its proximity to major transportation hubs and its diverse economy. With 5 commercial land listings available, investors have a range of options to choose from. The average price per square foot is , and the average size of commercial land listings is square feet, with the largest listing spanning 0 square feet. The average cap rate for commercial land in Wyoming is. In addition to commercial land, Wyoming also offers other property types, such as residential land, office spaces, and retail spaces. The city's residential land market is characterized by its suburban neighborhoods, while its office spaces are often located in the 28th Street corridor. Wyoming's retail spaces, on the other hand, are concentrated in areas like Rogers Plaza and Studio 28. Overall, Wyoming's commercial land market offers a unique blend of accessibility, amenities, and economic diversity, making it an attractive option for investors.
What are common commercial uses for land in the Wyoming market?
In the Wyoming market, common commercial uses for land include retail and entertainment developments, such as shopping centers and restaurants, as well as industrial and manufacturing facilities, taking advantage of the city's strong manufacturing sector and proximity to major highways like I-196, US 131, M-6, and M-11.
Additionally, commercial land in Wyoming is also used for educational institutions, healthcare facilities, and office spaces, catering to the city's growing population of around 70,000 residents, who benefit from the city's range of utilities and services, including a sewage plant, water plant, and public works building.
What are common ways to purchase land to use in development projects?
When it comes to purchasing land for development projects in Wyoming, Michigan, there are several common ways to do so. For instance, investors can buy land directly from property owners, work with real estate agents or brokers, or explore online marketplaces like LoopNet, which offers a comprehensive guide on how to buy land and navigate the process.
