Technical
Financial
Distress signals
Property profile

4517 Patterson Ave SE Kentwood, MI 49512

FOR SALE
Industrial land
Property ID
US43-4216376
0.94 ac lot
Trust Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 0.937-acre commercial land parcel presents a rare opportunity for development in Kentwood, Michigan. Located at 4517 Patterson Ave SE, this property boasts excellent access to Patterson Avenue SE and the entire Southeast Grand Rapids corridor, providing unparalleled connectivity and visibility. Zoned I-1, this lot is perfectly suited for a variety of small-scale commercial ventures. The asking price is $99,900. Situated in Kent County, with a 49512 zip code, this property offers a strategic location for businesses seeking a presence in a thriving area. Its size makes it an ideal solution for developers or businesses needing a smaller footprint. The location provides easy access to major transportation routes, ensuring convenient commutes for employees and customers alike. This is a unique opportunity to acquire a highly desirable commercial lot in a rapidly growing area of Grand Rapids. Don't miss this chance to secure a prime piece of real estate in a highly sought-after location. The property's convenient access and zoning make it a truly exceptional investment prospect. This rare find is perfect for those seeking a smaller lot in a prime location.

Property profile

Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Lot 0.94 ac (40,816 SF)
Zoning code I1
APN 41-18-25-227-024
UPID US43-4216376

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

4517 Patterson Ave SE Kentwood, MI 49512
Kentwood metro Census 12604 GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2020
2 recorded transactions
2020
Price N/A
2007
Price N/A

Zoning & alternative use

I1 · Kentwood, MI
Zoning description

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…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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