Bank Redevelopment
For Sale
$3,550,000
3215 28th Street Southeast, Kentwood, MI 49512
Large 2.0-acre site with 7,066 SF in a commercial corridor, subject to a financial institution deed restriction.
Property Size7,066 SF
Lot Size2.00 Acres
Price / SF$502.41
Days on Market80
Property Features for 3215 28th Street Southeast
General Information
Standard status
Active
Size
7,066 SF
Lot size
2.00 Acres
Property subtype
Retail
Listing Agency:
(616) 799-6629
Listed By:
Russ Bono, CCIM · License #MI 6501380200
(616) 799-6629
Source:
Cbre
Added: Jun 3
Changed: Aug 14
Last Checked: Aug 20 at 2:35PM
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 Russ Bono, CCIM
Investment Insights
Based on property information with market context.
This offering is a bank and retail-type commercial property totaling 7,066 SF on 2.0 acres. The site is positioned as a large lot for redevelopment, with the property being marketed for potential reconfiguration and new use planning consistent with redevelopment objectives.
The location is described as being on a vibrant commercial corridor at 3215 28th Street Southeast in Kentwood, Michigan. The listing notes that sales associated with Fifth Third and Comerica are subject to a financial institution deed restriction, and those transactions will not close until September.
For buyers evaluating redevelopment, this property’s value centers on the combination of a substantial land footprint and an existing structure sized for reuse or rework within the redevelopment framework. Prospective tenants and investors should take note of the financial institution deed restriction referenced in the remarks, as it may affect allowable ownership and related transfer terms. Interested parties are encouraged to review the deed restriction details and timing so their planning aligns with the stated September closing window.
The location is described as being on a vibrant commercial corridor at 3215 28th Street Southeast in Kentwood, Michigan. The listing notes that sales associated with Fifth Third and Comerica are subject to a financial institution deed restriction, and those transactions will not close until September.
For buyers evaluating redevelopment, this property’s value centers on the combination of a substantial land footprint and an existing structure sized for reuse or rework within the redevelopment framework. Prospective tenants and investors should take note of the financial institution deed restriction referenced in the remarks, as it may affect allowable ownership and related transfer terms. Interested parties are encouraged to review the deed restriction details and timing so their planning aligns with the stated September closing window.
Key Highlights
- 7,066 SF building on a 2.0‑acre site in a commercial corridor
- Large 2.0‑acre redevelopment site in an active commercial area
- Subject to a financial institution deed restriction on current sales, with closing not before September
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,060
Businesses Nearby
664k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 35%
Dining 32%
Shops & Services 16%
Home Improvements & Furnishings 8%
JCPenney
Apparel
85,610 visits/mo
0.4 miles
Barnes & Noble
Shops & Services
53,199 visits/mo
0.3 miles
Macy's
Apparel
50,845 visits/mo
0.3 miles
Kohl's
Apparel
47,204 visits/mo
0.5 miles
The Cheesecake Factory
Dining
45,891 visits/mo
0.2 miles
Demographics for 49512, MI
18,558
Population
8,870
Households
2.1
Avg Household Size
33
Median Age
38%
College-Educated
91%
High-School Grad
23.0 sq mi
ZIP Area
807
Density / Sq Mi
$70,955
Median Household Income
$41,538
Median Earnings
$1,229
Median Rent
$279,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Bank - Large 2.0-acre site with 7,066 SF in a commercial corridor, subject to a financial institution deed restriction.
Where is this bank located?
The property is located at 3215 28th Street Southeast Kentwood, MI.
What is the asking price?
The asking price for this property is $3,550,000.
What are key features of this property?
This property features: 7,066 SF building on a 2.0‑acre site in a commercial corridor; Large 2.0‑acre redevelopment site in an active commercial area; Subject to a financial institution deed restriction on current sales, with closing not before September
