Single-Tenant Retail
For Sale
Contact for pricing
3950 28th Street SE, Grand Rapids, MI 49512
Fee simple condominium retail building occupied by PetSmart within a three-tenant shopping center.
Property Size26,000 SF
Days on Market123
Property Features for 3950 28th Street SE
General Information
Standard status
Active
Size
26,000 SF
Property subtype
Retail
Occupancy
100%
Building Details
Tenancy
Single
Listing Agency:
Encore Real Estate Investment Services
(248) 702-0280
Listed By:
Brandon Hanna · License #MI 6501349119
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 21 at 8:13PM
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 Encore Real Estate Investment Services
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.
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.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
972
Businesses Nearby
530k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 41%
Superstores 19%
Dining 16%
Apparel 14%
Sam's Club
Superstores
100,135 visits/mo
0.5 miles
Hobby Lobby
Shops & Services
41,208 visits/mo
0.3 miles
Sam's Club Gas Station
Shops & Services
35,749 visits/mo
0.4 miles
Burlington
Apparel
34,702 visits/mo
0.2 miles
Marshalls
Apparel
29,563 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
Questions? Ask Rey
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Frequently Asked Questions
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.
