Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Alternative Medicine Practice Spa & Massage Center
Location
Value estimations
Owner & transaction history
Zoning & alternative use
outside the city; and C-4 office/business district, which is intended primarily to permit office and business uses of a less intensive nature than those in the other commercial districts. These regulations shall provide…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2019Property description
Physical attributes from public recordsZoning & alternative use
C4 · Kentwood, MIoutside the city; and C-4 office/business district, which is intended primarily to permit office and business uses of a less intensive nature than those in the other commercial districts. These regulations shall provide…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
outside the city; and C-4 office/business district, which is intended primarily to permit office and business uses of a less intensive nature than those in the other commercial districts. These regulations shall provide…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C4 in Kentwood, MI.
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