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    3531 Patterson Ave Kentwood, MI 49512

    Sponsored
    For Sale
    $501,047

    Prime Kentwood commercial lot, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 46,609 square foot commercial land parcel is strategically located at 3531 Patterson Ave SE, Unit 3, Kentwood, MI 49512. Zoned CPUD, this property presents a unique investment opportunity within Kent County, Michigan. Its prime location offers unparalleled access to a high-traffic corridor in a major industrial area of the Grand Rapids Metropolitan Statistical Area (MSA). The site benefits from its proximity to Gerald R. Ford International Airport (GRR), less than half a mile away, making it an attractive location for businesses needing convenient airport access. This location is also the closest retail node to the airport, ensuring high visibility and potential customer traffic. Furthermore, the property is adjacent to a planned large-scale industrial development, promising significant future growth and increased property value. The asking price for this exceptional commercial land is $501,047. This presents a compelling opportunity for developers seeking a well-positioned site with strong growth potential in a thriving commercial area. The property's size and zoning make it suitable for a variety of commercial developments, capitalizing on the area's robust industrial and retail activity.

    Property Features for 3531 Patterson Ave

    General Information

    Property type
    Land

    HighLights

    • $501,047 asking price.
    • 46,609 square foot land parcel.
    • Commercial land zoned CPUD.
    • Located in Kentwood, MI, at 3531 Patterson Ave SE, Unit 3.
    • Proximity to Gerald R. Ford International Airport (GRR).
    • Situated in a high‑traffic area within a major Grand Rapids industrial node.
    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?
    Land - Prime Kentwood commercial lot, ideal for development.
    Where is this land located?
    The property is located at 3531 Patterson Ave Kentwood, MI.
    What is the asking price?
    The asking price for this property is $501,047.
    What are key features of this property?
    This property features: $501,047 asking price.; 46,609 square foot land parcel.; Commercial land zoned CPUD.
    (616) 456-7114
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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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