5296 Eastern Ave Grand Rapids, MI 49508
- Retail properties
- 78,213 SF
- 1.27 lot acres
Current Use by Public Records
- Kidz Indoor Playground / Indoor Playground
- Greater New Birth Apostolic Church / Apostolic Church
Property Details for 5296 Eastern Ave
- Lot size
- 1.27 lot acres
- Property size
- 78,213 SF
- Property type
- Retail properties
- Property subtype
- Land
Description
This exceptional investment opportunity presents 1.27 acres of vacant commercial land in the thriving Kentwood, MI market. Located at the southeast corner of Eastern Ave. and 52nd St., this C-2 zoned parcel boasts a strategic location adjacent to the established Kentwood Centre shopping center (APN: 41.18.32.101.060). The property offers excellent visibility and accessibility, benefiting from high traffic counts (39,280 ADT) at the intersection, controlled by a traffic signal. The site's proximity to major traffic generators, including Planet Fitness, Dollar Tree, and numerous national and local retailers (such as Kum & Go, Burger King, and Kentucky Fried Chicken), ensures a robust customer base. The Kentwood Centre itself comprises 78,213 square feet of retail space, anchored by long-term tenants, creating a significant draw for potential development. The area's demographics are strong, with a dense population of 83,413 within a 3-mile radius. The property's asking price is $175,000, translating to $3.18 per square foot. This presents a rare chance to acquire a well-positioned parcel in a high-demand location, ideal for a variety of commercial developments. The site features three large pylon signs for optimal branding and visibility. This is a compelling investment opportunity with significant potential for growth and return.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Grand Rapids
- County
- Kent
- State
- Michigan
- Longitude
- -85.6429
- Latitude
- 42.8671
