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    1535 Eastport Dr Grand Rapids, MI 49508

    Sponsored
    For Sale
    $981,500

    Prime Kentwood location, 1.74 acres, high traffic.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1.74-acre commercial land parcel presents a rare opportunity in the highly desirable Kentwood/Gaines submarket of Grand Rapids, Michigan. Located at 1535 Eastport Drive SE, this property boasts a prime location at the intersection of Kalamazoo Avenue and M-6/South Beltline, offering unparalleled visibility and accessibility. The site is zoned for Commercial/Retail use, making it ideal for a variety of development projects. Its strategic position across from Celebration Cinema and in front of Peppino's Sports Bar ensures high foot traffic and strong brand visibility. The asking price is $981,500, translating to $564,080 per acre. This represents one of the last remaining retail land parcels in this area with the highest population density among similar interchanges. The property features readily available utilities including electricity, water, gas, sewer, cable, and internet access. The APN is 41-22-05-280-002. Buyer's intended use is subject to seller approval. Don't miss this chance to acquire a premier commercial property in a thriving Grand Rapids location.

    Property Features for 1535 Eastport Dr

    General Information

    Property type
    Individual retail properties
    Lot Size
    75,794 SF

    HighLights

    • 1.74‑acre commercial land parcel
    • $981,500 asking price
    • Commercial/Retail zoning
    • Kentwood/Gaines submarket, Grand Rapids, MI
    • Utilities: electricity, water, gas, sewer, cable, internet
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.6264981
    Latitude
    42.8499265

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    FAQs

    What type of property is this?
    Individual retail property - Prime Kentwood location, 1.74 acres, high traffic.
    Where is this individual retail property located?
    The property is located at 1535 Eastport Dr Grand Rapids, MI.
    What is the asking price?
    The asking price for this property is $981,500.
    What are key features of this property?
    This property features: 1.74-acre commercial land parcel; $981,500 asking price; Commercial/Retail zoning
    Request Owner's contact information
    1535 Eastport Dr Grand Rapids, MI 49508
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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
    1535 Eastport Dr Grand Rapids, MI 49508
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