Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2019Property description
Physical attributes from public recordsZoning & alternative use
R1-C · Kentwood, MIn. 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…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R1-C in Kentwood, MI.
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