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    3531 Patterson Ave Kentwood, MI 49512

    Sponsored
    For Lease
    $1.45 SF/Yr

    Prime Airport Retail, 9 Units, Grand Rapids

    Lot size:
    71,189 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    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 Features for 3531 Patterson Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    71,189 SF

    Unit(s) available at that property

    Space
    Unit 4A - Retail for Lease
    Size
    3,000 SF
    Rate per SF
    $47
    Space
    Unit 4B - Retail for Lease
    Size
    1,600 SF
    Rate per SF
    $36
    Space
    Unit 4C - Retail for Lease
    Size
    1,600 SF
    Rate per SF
    $31
    Space
    Unit 4E - Retail for Lease
    Size
    1,600 SF
    Rate per SF
    $31
    Space
    Unit 4D - Retail for Lease
    Size
    1,600 SF
    Rate per SF
    $31
    Space
    Unit 2 - Ground Lease
    Size
    42,689 SF
    Rate per SF
    $1.45
    Space
    Unit 4B-F - Retail for Lease
    Size
    8,000 SF
    Rate per SF
    $33
    Space
    Unit 4F - Retail for Lease
    Size
    1,600 SF
    Rate per SF
    $36
    Space
    Unit 3 - Build-to-Suit
    Size
    9,500 SF
    Rate per SF
    $23

    HighLights

    • Retail, land, and restaurant opportunity with multiple tenancies available.
    • Nine spaces available ranging from 1,600 to 42,689 square feet.
    • Located less than half a mile from Gerald R. Ford International Airport (GRR).
    • Situated on a high‑traffic corridor in Grand Rapids' primary industrial area.
    • Will serve a large, adjacent planned industrial development.
    • Projected completion: Winter 2024/Spring 2025.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Building Supply Hair Salon Auto Repair Shop Wholesale Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kentwood
    County
    Kent
    State
    Michigan
    Longitude
    -85.5486729
    Latitude
    42.898883

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    FAQs

    What type of property is this?
    Restaurant - Prime Airport Retail, 9 Units, Grand Rapids
    Where is this restaurant located?
    The property is located at 3531 Patterson Ave Kentwood, MI.
    What is the lease rate?
    The lease rate is $1.45-$47 SF/Yr.
    What are key features of this property?
    This property features: Retail, land, and restaurant opportunity with multiple tenancies available.; Nine spaces available ranging from 1,600 to 42,689 square feet.; Located less than half a mile from Gerald R. Ford International Airport (GRR).
    Request Owner's contact information
    3531 Patterson Ave Kentwood, MI 49512
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    Kentwood, MI 49512
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3531 Patterson Ave Kentwood, MI 49512
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