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3224 28th St SE 6,121 SF Retail Building Kentwood, MI 49512 $4,381,666 ($715.84/SF) 6% Cap Rate
Executive Summary
CBRE is pleased to exclusively market a new freestanding Veterinary Emergency Group in Grand Rapids, Michigan, located at 3224 28th street. VEG signed a new lease in August of 2025 and expects to open for business in February 2026, following a $3,000,000+ investment in the space. 3224 28th street is an A+ location, near the intersection of 28th St and Broadmoor with over 33,638 VPD and 40,365 VPD on 28th St & Mall Service Dr. The property is located directly across from Woodland Mall, and in close proximity to West Michigan’s only Whole Foods, REI, and a recently announced Shake Shack.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Veterinarian/Kennel
Building Size
6,121 SF
Building Class
C
Year Built
1996
Price
$4,381,666
Price Per SF
$715.84
Cap Rate
6%
NOI
$262,900
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.87 AC
Zoning
C-2 - General Commercial District
Parking
45 Spaces (7.5 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Security System
- Signage
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 41-18-14-101-014 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $523,200 |
Property Taxes
Parcel Number
41-18-14-101-014
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$523,200
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3224 28th St SE
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