Kentwood, MI 49508, Kentwood, MI 49508
Former retail space on a lighted corner intersection available for sale.
- Added:
- Jan 27, 2026
- Days on Market:
- 151
- Last Refresh:
- Apr 6 at 12:56 am
Property Features
General Information
- Standard status
- Active
- Size
- 17,787 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1998
Listing office Signature Associates (616) 235-6007
Listing date Jan 27, 2026
Source Tcnworldwide
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Signature Associates
HighLights
- Hard, lighted corner intersection location at 60th and Kalamazoo Avenue.
- Over 250' of frontage with ingress/egress on both 60th and Kalamazoo Avenue.
- Zoned C‑2 allowing for a variety of uses (grocery, restaurant, liquor store, etc.).
- Located a half mile from M‑6 interchange.
- Former Rite Aid location.
- Built in 1998.
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $275.3k | $15.48 |
| − Vacancy | −$11.6k | −$0.65 |
| EGI | $263.8k | $14.83 |
| − OpEx | −$65.9k | −$3.71 |
| NOI | $197.8k | $11.12 |
Alternative Uses
Current Use by Public Records
Map
- City
- Kentwood
- County
- Kent
- State
- Michigan
- Longitude
- -85.6249
- Latitude
- 42.8538
