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Property profile & analytics
FOR LEASE
Industrial properties

2929 32Nd St SE Kentwood, MI 49512

810,900 SF 44.7 ac lot Built 1970
Individually Owned 9-yr Hold Free & Clear
Property ID
US43-1700809
2929 32Nd St SE, Kentwood, MI 49512 For Lease
$18,390,000 57,638 SF available
2929 32Nd St SE, Kentwood, MI 49512
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Property summary
AI-generated overview

This Kent County industrial property offers flexible space ideal for manufacturing or distribution needs. Two configurations are available: a 38,300 square foot space and a larger 42,780 square foot space. The building boasts impressive features including 18'6" to 25'6" ceiling heights, enhancing storage and operational efficiency. Loading is facilitated by two internal loading docks and one drive-in door, ensuring smooth and efficient material handling. The property includes approximately 6,592 square feet of office space, complete with private offices, an open office area, a break room, and a conference room. A large concrete mezzanine above the office area provides additional space. The warehouse benefits from updated LED lighting, significantly reducing energy costs. The building is equipped with a sprinkler system for fire safety and features 400 amp, 480-volt three-phase power, with the potential for upgrade to 600 amps, 480 volts, subject to feasibility and tenant requirements. The property is zoned for industrial use and is located in Kent County, offering excellent access to transportation networks and a skilled workforce. This is a rare opportunity to secure a well-equipped and strategically located industrial space. Minimum divisible space is 38,300 square feet, with a maximum contiguous space of 42,780 square feet.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1970
Total area 810,900 SF
Lot 44.7 ac (1,947,132 SF)
Zoning code I2
APN 41-18-15-176-004
UPID US43-1700809
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$18.39M
Blend (final) Blend
$18.39M
Owner & transaction history
Anchor Kentwood Industrial II · 9 yrs held
Anchor Kentwood Industrial II
since 2017
6 recorded transactions
2021
Price N/A
2019
Price N/A
2017
Price N/A
2017
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
I2 · Kentwood, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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