Property profile

7750 20Th Ave Jenison, MI 49428

FOR LEASE
Strip malls
Property ID
US43-2360022
14,120 SF 1.67 ac lot Built 1982
Entity Owned 10-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional retail property, located at 7750 20th Avenue in Jenison, offers three available commercial spaces totaling 19,800 square feet. The building is zoned commercial and features a prime location just off Baldwin on 20th Street, benefiting from high visibility and substantial foot traffic. Currently, 5,600 square feet is vacant, offering flexible options for businesses seeking space ranging from a minimum of 2,600 square feet to a maximum contiguous space of 5,600 square feet. The property's strategic location near established businesses such as Family Fare, Palermo's, Hungry Howie's, and McDonald's ensures consistent customer flow. Furthermore, the proximity to Jenison High School contributes to significant daytime traffic. The property's Ottawa County location (APN: 70-14-15-200-016) provides easy access to major transportation routes and a strong local customer base. This is an excellent opportunity for businesses seeking a well-positioned retail space in a thriving community. The building is suitable for multiple tenants, offering a variety of configurations to accommodate diverse business needs. Don't miss this chance to establish your business in this high-demand area.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1982
Total area 14,120 SF
Lot 1.67 ac (72,615 SF)
Zoning code NS
APN 70-14-15-200-016
UPID US43-2360022

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store

Location

7750 20Th Ave Jenison, MI 49428
Jenison metro Census 21606 GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$475k

Owner & transaction history

since 2016
3 recorded transactions
2016
Price N/A
2015
Price N/A
2015
Price N/A

Zoning & alternative use

NS · Jenison, MI

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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