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    28th Sw & Riley Ave Wyoming, MI 49509

    Sponsored
    For Lease
    Contact for pricing

    0.93-acre build-to-suit opportunity

    Lot size:
    40,511 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This 0.93-acre commercial land parcel, located in Wyoming's thriving retail corridor at the intersection of 28th Street SW and Clyde Park Avenue SW, presents a unique build-to-suit or ground lease opportunity. The property boasts 40,511 square feet and a 260-foot frontage, offering exceptional visibility to over 42,783 daily drivers. Its strategic location benefits from proximity to established retailers such as Aldi, Planet Fitness, Price Cutter, and Family Fare, as well as the Woodland Mall, an eleven-minute drive away. The site is zoned FBC (Form Based Code) and serviced by Consumers Energy. This location offers easy ingress and egress with ample parking, catering to the needs of a drive-thru eatery, café, urgent care facility, or other retail/medical businesses. The area's strong demographics, including a population of over 279,569 within a five-mile radius and an average household income exceeding $70,810, contribute to a robust consumer base and significant annual consumer spending of over $4.68 billion. With a projected population growth of 3.9% over the next five years, this property represents a compelling investment opportunity in a rapidly growing market within Kent County, Southwest Grand Rapids submarket. The parcel's APN is 41-17-11-478-018.

    Property Features for 28th Sw & Riley Ave

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    40,511 SF

    Unit(s) available at that property

    Space
    Size
    40,511 SF

    HighLights

    • 0.93‑acre commercial land pad site available for build‑to‑suit or ground lease in Wyoming, MI's retail corridor.
    • High visibility location on 28th Street SW & Clyde Park Ave SW, with over 42,783 daily drivers.
    • Excellent access and ample parking, situated near Aldi, Planet Fitness, Price Cutter, and Family Fare.
    • Strong demographics: over 279,569 people within a five‑mile radius, average household income exceeding $70,810, and over $4.68 billion in annual consumer spending.
    • Zoned FBC (Form Based Code), APN 41‑17‑11‑478‑018, served by Consumers Energy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Wyoming
    County
    Kent
    State
    Michigan
    Longitude
    -85.6882765
    Latitude
    42.9133663

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    FAQs

    What type of property is this?
    Land - 0.93-acre build-to-suit opportunity
    Where is this land located?
    The property is located at 28th Sw & Riley Ave Wyoming, MI.
    What are key features of this property?
    This property features: 0.93-acre commercial land pad site available for build-to-suit or ground lease in Wyoming, MI's retail corridor.; High visibility location on 28th Street SW & Clyde Park Ave SW, with over 42,783 daily drivers.; Excellent access and ample parking, situated near Aldi, Planet Fitness, Price Cutter, and Family Fare.
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    28th Sw & Riley Ave Wyoming, MI 49509
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    Wyoming, MI 49509
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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
    28th Sw & Riley Ave Wyoming, MI 49509
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