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Property profile

4880 Broadmoor Ave SE Grand Rapids, MI 49512

FOR SALE
Industrial land
Property ID
US43-1444472
1.55 ac lot
Last sale Jun 2016 · $65,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 10-yr Hold Held for 10 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
4880 Broadmoor Ave SE, Grand Rapids, MI 49512 For Sale
$1,300,000
4880 Broadmoor Ave SE, Grand Rapids, MI 49512
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 2,180 square foot office building situated on a substantial 2.96-acre lot in Grand Rapids, Michigan. The property, located at 4880 & 4920 Broadmoor Ave SE, boasts 740.1 feet of frontage, offering excellent visibility and accessibility. The existing building, constructed in 1950, is a single-story Class B structure currently vacant. Previously used as an attorney's office, it presents a versatile space adaptable to various commercial uses. …

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2019

What does the county charge?
$3k
Tax billed · 2019
Assessed value · 2023$74k
Effective rate4.47%

Value estimate

· Oct 2026No data for this section
What is it worth?

No value estimate could be modeled: the record carries too little market input for this parcel.

Recently sold

What actually traded nearby?
$45/SF
County average, outlier-cleaned · 57 recorded sales of this use type
Observed band · Q1–Q3$19 – $65

Cap rate analysis

How does the asset earn?
1.57%
$20k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
I1
format, the regulations of two of the city's industrial districts. I-1 light industrial is intended to organize modern technology based i...
General categoryINDUSTRIAL
JurisdictionKENT

Location intelligence

Which uses thrive at this corner?
Best fit: Bakery
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Bakery8.4
Pawn Shop8.4
Laundry Service8.3

Location

4880 Broadmoor Ave SE Grand Rapids, MI 49512
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

3 recorded sales · 13 properties nearby
Recent sales nearby
3 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4160 Barden SE, Kentwood, MI 49512 $7,520,000 Jan 2022 No data
4135 52nd SE, Kentwood, MI 49512-9636 $564,000 Nov 2020 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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