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    Property profile & analytics
    OFF-MARKET
    Industrial land

    3531 Patterson SE Ave, Kentwood, MI 49512-1939

    0.63 ac lot
    Entity Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US43-1525388
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Grr Ancillary Mu LLC · 2 yrs held
    Grr Ancillary Mu LLC
    since 2023
    7 recorded transactions
    2025
    2023
    2019
    2019
    2005
    2005
    1969
    Zoning & alternative use
    R1-C · Kentwood, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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