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    3195 28Th St Kentwood, MI 49512

    Sponsored
    For Lease
    Contact for pricing

    Prime Kent County retail land, high traffic.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Exceptional opportunity to acquire prime retail land at Woodland Mall in Kent County, Michigan. This 2.17-acre parcel offers unparalleled visibility and accessibility, situated at one of the region's busiest intersections. The property benefits from its location adjacent to REI and across from the recently opened Whole Foods, ensuring high foot traffic and strong consumer demographics. Woodland Mall itself is a dominant regional shopping destination, recently undergoing significant redevelopment. This redevelopment has attracted major national anchors including Von Maur, REI, The North Face, and the Cheesecake Factory, significantly enhancing the mall's appeal and drawing power. Further solidifying the mall's strength is the recent commitment by Phoenix Theaters to invest over $4 million in a 14-screen theater refurbishment, representing a significant post-pandemic investment and a strong indicator of the property's and regional economy's health. This is a rare opportunity to secure a pad site within this thriving retail environment, offering exceptional potential for a variety of commercial uses. The overall mall encompasses 1,170,000 square feet, providing a substantial draw for customers. Don't miss this chance to establish your business in a premier location with proven success and significant growth potential.

    Property Features for 3195 28Th St

    General Information

    Property type
    Land
    Lease Type
    Gross Lease

    Unit(s) available at that property

    Space
    Available Space
    Size
    0 SF

    HighLights

    • Retail and land opportunity in Kent County.
    • Single‑tenant property with 2.17 acres.
    • Located at a high‑traffic intersection in West Michigan's dominant regional mall.
    • Adjacent to REI and across from Whole Foods.
    • New anchors include Von Maur, REI, North Face, and Cheesecake Factory.
    • Recently signed lease with Phoenix Theaters for a $4M+ renovation of a 14‑screen theater.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Kentwood
    County
    Kent
    State
    Michigan
    Longitude
    -85.5882943
    Latitude
    42.9159791

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    FAQs

    What type of property is this?
    Land - Prime Kent County retail land, high traffic.
    Where is this land located?
    The property is located at 3195 28Th St Kentwood, MI.
    What are key features of this property?
    This property features: Retail and land opportunity in Kent County.; Single-tenant property with 2.17 acres.; Located at a high-traffic intersection in West Michigan's dominant regional mall.
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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
    3195 28Th St Kentwood, MI 49512
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