3233 Eastern SE Ave, Wyoming, MI 49508-2402
This exceptional 6,500-square-foot industrial warehouse, situated on a 0.92-acre lot in Kentwood, Michigan, presents a compelling investment opportunity. The property, located at 3233 Eastern Ave SE, Wyoming, MI 49508, boasts a single-story building with a 20-foot ceiling height, ideal for various industrial uses. The warehouse features two 14x14 dock-high doors, facilitating efficient loading and unloading. Interior and exterior renovations were completed in 2018, ensuring a modern and well-maintained facility. A finished office area provides comfortable administrative space, complemented by a bonus mezzanine level for added storage or workspace. The property is zoned I-1 and benefits from its proximity to US-131, offering convenient access to major transportation routes. A lease is currently in place, extending through February 28, 2025, providing immediate income potential. The expansive 40,075-square-foot lot includes a fenced yard, offering ample outdoor space for storage or operations. The asking price is $845,000, translating to $130 per square foot. This property represents a rare combination of functionality, location, and income potential, making it an attractive investment for discerning buyers.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2021Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
I1 · Wyoming, MIWyoming. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.