4880 Broadmoor SE Ave Kentwood, MI 49512-5306
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. The property is zoned L1, allowing for a wide range of potential development options. The asking price is $1,500,000, translating to $688.07 per square foot. The property's APN is 411825300113, and its location in Kent County, with a zip code of 49512, provides access to a thriving business community. This single-tenancy property offers a unique blend of existing office space and significant land potential, making it an attractive investment for both immediate occupancy and future development. The substantial lot size and prime location make this a rare opportunity in the Grand Rapids market.
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
I1 · 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.