5500 Broadmoor SE Ave Kentwood, MI 49512-5302
This exceptional 5.02-acre parcel, located at 5500 Broadmoor Ave SE in Grand Rapids, Michigan (49512), presents a prime opportunity for industrial development. Zoned I-1, this level lot boasts 230 feet of frontage along Broadmoor Avenue, situated conveniently between Patterson Avenue and Broadmoor Avenue. All utilities are readily available at the roadside, ensuring seamless infrastructure integration for any project. The property offers quick access to major transportation arteries, including M-6 and I-96 highways, providing excellent connectivity for logistics and distribution. Preliminary site plans indicate the potential for a substantial 40,000 square foot industrial building. The asking price is $1,250,000, translating to $250,000 per acre. The Kent County parcel number is 41-18-36-200-051. This property's strategic location, ample size, and convenient access make it an ideal investment for developers seeking a high-value industrial land opportunity in a thriving market. Don't miss this chance to acquire a well-positioned asset with significant development potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
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.