3715 Alpine NW Ave Comstock Park, MI 49321-8368
This prime 1.75-acre commercial lot, zoned C-2 (Restaurant/Commercial), presents a remarkable ground lease opportunity on Alpine Avenue NW, just north of the busy 4 Mile Road intersection. The property boasts exceptional visibility and high traffic counts, further enhanced by its proximity to a soon-to-be-built Panda Express, ensuring significant foot traffic. This strategic location places the property within a thriving retail corridor, surrounded by established national retailers such as Walmart, Target, and Best Buy, guaranteeing a strong customer base and consistent commercial activity. The property's APN is 41-09-35-491-001, situated in Kent County. The single-tenant ground lease offers a substantial annual income of $75,000. Public water and sewer services are readily available on-site, simplifying development and operational costs. This is an unparalleled chance to establish a successful business in a high-demand area with proven commercial success. The property is ideal for a variety of commercial uses, given its C-2 zoning. Don't miss this exceptional opportunity to secure a prominent location in a flourishing retail environment.
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Panda Express Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2019Comparables
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
C-2 · Comstock Park, MIComstock Park. 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.