Property profile

5296 Eastern Ave Grand Rapids, MI 49508

OFF-MARKET
Neighborhood centers
76,348 SF 11.3 ac lot Built 2002
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Property summary

AI-generated overview

This exceptional retail opportunity is located in the thriving 36th/44th St Corridor of Kentwood, MI, within the Kentwood Centre (KC) community shopping center. The property boasts 76,348 square feet across a single, one-story building on 11.3 acres of land, built in 2002 and zoned C2. The center enjoys high visibility with three pylon signs and benefits from a strategic location at the intersection of Eastern Ave and 52nd St, boasting an impressive Average Daily Traffic (ADT) count of 39,280 vehicles. Currently, 5,759 square feet of space is available for lease, with minimum divisible units of 1,100 square feet. Several desirable end-cap spaces ranging from 1,599 to 4,659 square feet are also available. One immediately available space, 4,659 square feet, features five private offices, a conference room, and a secure lobby. Another 1,100 square foot space is also ready for occupancy. This property presents a unique chance to establish a presence in a busy, well-established shopping center with excellent traffic flow and ample signage opportunities. The property's previous tenant was a church, and the space includes a platform, which could be repurposed for various uses. This is an ideal location for a variety of retail or service businesses seeking high visibility and convenient access.

Property profile

Verified
Property type Neighborhood centers
Year built 2002
Total area 76,348 SF
Lot 11.3 ac (492,228 SF)

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Family Recreation Center
  • Church

Location

5296 Eastern Ave Grand Rapids, MI 49508
Grand Rapids metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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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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