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    2775 Prt Sheldon St Jenison, MI 49428-9359
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    Property profile & analytics

    2775 Prt Sheldon St Jenison, MI 49428-9359


    • Drug stores
    • 11,287 SF
    • 2.41 lot acres
    Off-Market
    Last Sale Dec 19, 2024
    Property ID
    US43-2502778
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $2,025,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • CDReload - Online Bitcoin ATM / Crypto Atm / Atm
    • Huong D. Nguyen, RPh / Pharmacy
    • higi / Physician
    • Kate Bosscher, PharmD / Pharmacy
    • Rite Aid / Pharmacy

    Property Details for 2775 Prt Sheldon St

    Year built
    1997
    Lot size
    2.41 lot acres
    Property size
    11,287 SF
    Zone code
    NS
    Property type
    Drug stores
    APN
    70-14-21-400-097
    APU
    701421400097

    Description

    This exceptional 1-square-foot retail property, located at 2775 Port Sheldon Street in Georgetown Township, Michigan, presents a unique investment opportunity. Previously occupied by a Rite Aid pharmacy, this strategically positioned space boasts high visibility at the intersection of Port Sheldon and Main Streets, ensuring excellent accessibility for Jenison residents. The property sits on a 2.41-acre lot (APN 70-14-21-400-097) and is zoned Commercial NS, offering potential for diverse commercial uses. Its prime location within the thriving Jenison community, a growing suburb of Grand Rapids, benefits from a strong residential market and limited commercial vacancy. The area's dense housing population and proximity to a large Family Fare grocery store across the street further enhance its appeal. The asking price is $1,625,000. This property offers significant potential for investors seeking a high-traffic location in a rapidly developing area. The property's previous use as a pharmacy suggests a history of successful retail operations, and its size and location make it suitable for a variety of commercial ventures. The property's location in Ottawa County, Michigan, zip code 49428, provides easy access to major transportation routes and a strong local economy. This is an exceptional opportunity to acquire a well-situated retail property in a desirable and growing market.


    Value Estimations

    based on Realmo’s proprietary methodology
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,024,000
      Market price range: $907k - $3.31M
      AI Estimate
      $2,024,000
      Market price range: $907k - $3.31M
    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,670,000
      Current use
      OFFICE BUILDING
      $1,540,000
      Change: -8% Conversion: Easy
      COMMERCIAL (GENERAL)
      $1,495,000
      Change: -11% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Jenison
    County
    Ottawa
    State
    Michigan
    Longitude
    -85.8509
    Latitude
    42.8881
    CBSA code
    24340
    CBSA name
    GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $25,839
    $0.00
    $0.00
    $655,100
    -
    $0.00
    $0.00
    $1,310,200
    More about this property
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