3950 28th Street SE Grand Rapids, MI 49512

Listing agency Encore Real Estate Investment Services b***@encorereis.com Show Phone

Listed by Brandon Hanna · License #MI 6501349119

Source Crexi

Added: Apr 10 Updated: Jul 21 at 8:13PM Checked: Jul 21 at 8:13PM

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Investment Insights

Based on property information with market context.

A nearly 26,000-square foot single-tenant retail building is offered as a fee simple interest (condominium) and is currently occupied by PetSmart. The property is part of a three-tenant shopping center totaling 66,602 square feet.

Neighboring tenants in the center include Michael’s and Gazelle Sports, a west Michigan specialized sportswear retailer. PetSmart renewed for a 10-year term after an original 20-year term.

PetSmart remodeled the store in 2010, investing over $1.5 million. Improvements included the addition of a 7,633-square foot PetHotel, described as the only one in western Michigan.

Key Highlights

• Nearly 26,000 SF single‑tenant retail building offered as fee simple interest (condominium).
• Occupied by PetSmart as part of a three‑tenant shopping center totaling 66,602 SF.
• PetSmart recently renewed for a 10‑year term after an original 20‑year term.

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FAQs

What type of property is this?

Retail space - Fee simple condominium retail building occupied by PetSmart within a three-tenant shopping center.

Where is this retail space located?

The property is located at 3950 28th Street SE Grand Rapids, MI.

What are key features of this property?

This property features: Nearly 26,000 SF single‑tenant retail building offered as fee simple interest (condominium).; Occupied by PetSmart as part of a three‑tenant shopping center totaling 66,602 SF.; PetSmart recently renewed for a 10‑year term after an original 20‑year term.