3195 28Th StKentwood, MI 49512

  • Commercial real estate
  • 563,998 SF
For Lease

Property Details for 3195 28Th St

Year built
1969
Lot size
31.75 AC
Property size (Sq ft)
563,998 SF
Zone code
C3
Property type
Commercial real estate
APN
41-18-10-478-009
APU
411810478009

Description

Exceptional opportunity to acquire prime retail land at Woodland Mall in Kent County, Michigan. This 2.17-acre parcel offers unparalleled visibility and accessibility, situated at one of the region's busiest intersections. The property benefits from its location adjacent to REI and across from the recently opened Whole Foods, ensuring high foot traffic and strong consumer demographics. Woodland Mall itself is a dominant regional shopping destination, recently undergoing significant redevelopment. This redevelopment has attracted major national anchors including Von Maur, REI, The North Face, and the Cheesecake Factory, significantly enhancing the mall's appeal and drawing power. Further solidifying the mall's strength is the recent commitment by Phoenix Theaters to invest over $4 million in a 14-screen theater refurbishment, representing a significant post-pandemic investment and a strong indicator of the property's and regional economy's health. This is a rare opportunity to secure a pad site within this thriving retail environment, offering exceptional potential for a variety of commercial uses. The overall mall encompasses 1,170,000 square feet, providing a substantial draw for customers. Don't miss this chance to establish your business in a premier location with proven success and significant growth potential.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $40,384,960
    Hospitality
    $36,992,404
    Educational
    $30,777,248
    Medical
    $31,835,724
    Retail
    $47,875,720
3195 28Th St, Kentwood, Michigan

Location Insight

City
Kentwood
County
Kent
State
Michigan
Latitude
42.916
Longitude
-85.5883
CBSA code
24340
CBSA name
GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2019
$3,559,590
-
-
$69,766,000
-
-
-
$139,532,000

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