3531 Patterson AveKentwood, MI 49512

  • Industrial land
  • 0.63 AC
For Lease
$1.45/SF/YR View listing

Property Details for 3531 Patterson Ave

Lot size
0.63 AC
Zone code
R1-C
Property type
Industrial land
APN
41-18-13-400-011
APU
411813400011

Description

The Shops at PlaneView, located at the intersection of 36th and Patterson in Grand Rapids, Michigan, offers a unique investment opportunity in a thriving commercial area. This retail development is strategically positioned less than half a mile from Gerald R. Ford International Airport (GRR), providing unparalleled access to a high volume of travelers and airport employees. The property boasts nine available spaces ranging in size from 1,600 square feet to 42,689 square feet, catering to a variety of retail businesses. Its location within the closest retail node to the airport, situated on a heavily trafficked corridor in the main industrial node of the Grand Rapids Metropolitan Statistical Area (MSA), ensures high visibility and accessibility. This prime location is further enhanced by its proximity to a planned, large-scale industrial development, promising significant future growth and increased foot traffic. The property is zoned C-PUD, allowing for flexibility in tenant occupancy. The planned delivery date is slated for Winter 2024/Spring 2025, presenting a timely opportunity for businesses seeking to establish a presence in this rapidly expanding area. Multiple tenancy options are available, making it ideal for a variety of retail concepts. This development represents a compelling investment opportunity in a high-growth area with exceptional visibility and accessibility.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,952,591
    Hospitality
    $1,788,563
    Educational
    $1,488,063
    Medical
    $1,539,240
    Retail
    $2,314,765
3531 Patterson Ave, Kentwood, Michigan

Location Insight

City
Kentwood
County
Kent
State
Michigan
Latitude
42.8989
Longitude
-85.5486
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
$2,019
-
-
$52,800
-
-
-
$105,600

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