Property profile

3531 Patterson SE Ave Kentwood, MI 49512

OFF-MARKET
Industrial land
Property ID
US43-1525388
0.63 ac lot
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Lot 0.63 ac (27,269 SF)
Zoning code R1-C
APN 41-18-13-400-011
UPID US43-1525388

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3531 Patterson SE Ave Kentwood, MI 49512-1939
Kentwood metro Census 12608 GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA
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Value estimations

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Owner & transaction history

since 2023
7 recorded transactions
2025
Price N/A
2023
Price N/A
2019
Price N/A
2019
Price N/A
2005
Price N/A
2005
Price N/A
1969
Price N/A

Zoning & alternative use

R1-C · Kentwood, MI
Zoning description

n. B. Permitted uses. The following uses of land and structures may be permitted within a single family detached PUD when the standards of this section and other applicable standards are met. 1. Any permitted use in the…

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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