3940 29th SE St, Kentwood, MI 49512-1818
This exceptional commercial property, located at 3940 29th Street SE in Kentwood, Michigan, presents a unique investment opportunity. Situated on a 0.36-acre lot, the building offers a versatile layout ideal for a variety of business uses. The property features two distinct units, each with its own separate entrance, providing flexibility and potential for multiple tenants or a single business expanding its operations. The first unit boasts at least six individual office spaces, perfect for a company requiring multiple work areas or a shared office environment. The second unit adds further versatility with a finished basement area, suitable for additional office space or storage, and a conveniently located bathroom. The building has undergone recent updates, enhancing its appeal and functionality. The asking price is $450,000, representing a compelling value for a property with such significant potential. This is an excellent chance to acquire a well-maintained, multi-use commercial building in a desirable Kentwood location. The property's size and layout offer considerable adaptability, making it suitable for a wide range of commercial enterprises. Its updated condition minimizes immediate capital expenditure needs, allowing for a quicker return on investment. Serious inquiries are encouraged to explore the full potential of this remarkable property. The property's location in Kentwood offers easy access to major transportation routes and amenities, further enhancing its attractiveness to potential tenants or business owners.
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
C4 · Kentwood, MIKentwood. 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.