Entity Owned Property summary
This exceptional 18,184-square-foot warehouse, situated on 1.4 acres of land in Kentwood, Michigan's desirable SE Grand Rapids/Cascade submarket, presents a compelling investment opportunity. Built in 1972, the property boasts a single-tenant occupancy and offers significant operational advantages. The warehouse features a substantial 20-foot ceiling height, providing ample vertical storage capacity. Loading and unloading are facilitated by two convenient loading docks and a single drive-in bay, ensuring efficient material handling. Ample parking is available for employees and visitors, with a total of 15 spaces provided on-site. The property's location within Kent County's Airport District offers easy access to major transportation arteries, making it an ideal distribution hub or manufacturing facility. This prime location within a thriving industrial and business district ensures high visibility and convenient access to a skilled workforce. The property address is 4515 Patterson Ave SE, Kentwood, MI 49512. This warehouse is ready for immediate occupancy and presents a rare opportunity to acquire a well-maintained industrial property in a high-demand area.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
format, the regulations of two of the city's industrial districts. I-1 light industrial is intended to organize modern technology based industrial uses that have the least impact on the community. This district includes…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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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
I1 · Kentwood, MIformat, the regulations of two of the city's industrial districts. I-1 light industrial is intended to organize modern technology based industrial uses that have the least impact on the community. This district includes…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
format, the regulations of two of the city's industrial districts. I-1 light industrial is intended to organize modern technology based industrial uses that have the least impact on the community. This district includes…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for I1 in Kentwood, MI.
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