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    3531 Patterson Ave Kentwood, MI 49512

    Sponsored
    For Sale
    $501,596

    High-visibility commercial lot near GRR Airport.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 42,689 square foot commercial land parcel presents a unique investment opportunity in Kentwood, Michigan. Located at 3531 Patterson Ave SE, 49512, this property boasts a prime location less than half a mile from Gerald R. Ford International Airport (GRR). Its strategic placement on a heavily trafficked corridor within Grand Rapids' main industrial area ensures high visibility and accessibility. The site is zoned CPUD, allowing for a variety of commercial uses. This location is particularly advantageous due to its proximity to a substantial planned industrial development, promising significant future growth and increased demand. The property's size and location make it ideal for businesses seeking high-traffic exposure and convenient access to the airport and the broader Grand Rapids metropolitan area. This is a rare opportunity to acquire a well-positioned commercial lot poised for substantial return on investment. The asking price is $501,596.

    Property Features for 3531 Patterson Ave

    General Information

    Property type
    Land

    HighLights

    • $501,596 asking price.
    • 42,689 square foot commercial land parcel.
    • CPUD zoning.
    • High‑visibility retail location near Gerald R. Ford International Airport (GRR).
    • Situated on a major thoroughfare in Grand Rapids' main industrial area.
    • Strategic location to serve a large planned industrial development.
    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

    Nearby Comparable

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Land - High-visibility commercial lot near GRR Airport.
    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 $501,596.
    What are key features of this property?
    This property features: $501,596 asking price.; 42,689 square foot commercial land parcel.; CPUD zoning.
    (616) 456-7114
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    3531 Patterson Ave Kentwood, MI 49512
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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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