Property profile

5246 Eastern Ave Kentwood, MI 49508

OFF-MARKET
Retail properties & Spaces
78,213 SF
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Property summary

AI-generated overview

This exceptional retail property, located at 5246 Eastern Ave SE in Kentwood, Michigan, presents a significant investment opportunity. The property consists of two buildings totaling 78,213 square feet, currently featuring a single tenant occupancy with 1,599 square feet of vacant space available. Situated in Kent County, this shopping center benefits from high visibility and convenient access, making it an ideal location for a variety of retail businesses. The property's address is 5296 Eastern Ave SE, Kentwood, MI 49508. The existing building offers ample space for expansion or redevelopment, catering to a range of business needs. With its strategic location and substantial square footage, this property is poised for significant growth and return on investment. The property type is retail, specifically a shopping center. The single-tenant occupancy provides an opportunity for immediate income generation, while the available vacant space allows for expansion or the addition of new tenants. The property's location in Kentwood, Michigan, offers access to a thriving community and strong consumer base. This is a rare opportunity to acquire a well-positioned retail property in a desirable market. The property's size and location make it an attractive option for both established businesses and new ventures seeking a strong foothold in the Kentwood area. The 1,599 square feet of vacant space presents a unique opportunity for customization and tenant selection.

Property profile

Verified
Property type Retail properties & Spaces
Total area 78,213 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5246 Eastern Ave Kentwood, MI 49508
Kentwood metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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