Kentwood, MI
Commercial Real Estate Market Trends & Data

$205 Avg asking sale price
$16 Avg asking lease rate
11,319 SF Avg unit lease size
19,654 SF Avg building size for sale
6.00% Average cap rate

Kentwood's Demographic Profile

Kentwood has 21,765 households and a median income of $64,654, providing context for rent absorption and tenant demand across retail and multifamily assets. A +1% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 56,537
# Households 21,765
Median age 36
Median household income $64,654
Avg household size 3.0
Renter-occupied housing units 8,621
5-year population change +1%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Kentwood, MI

↻ Updated Monthly

{{marketTabDescriptions[activeMarketTab]}}

Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Grand Rapids $167 29,364 SF 8.27%
Walker $190 84,403 SF 7.00%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Grand Rapids $131 67,378 SF 6.75%
Walker $93 105,987 SF 6.75%
Nearby Retail Markets Avg Cost/SF Typical Size
Kentwood $276 27,880 SF
East Grand Rapids $2,083 384 SF
Grand Rapids $332 12,308 SF
Wyoming $141 8,743 SF
Walker $271 15,448 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Grand Rapids $160 11,269 SF 5.99%
Lake Odessa $168 11,040 SF 7.63%

Commercial Properties For Sale in Kentwood

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

4460-4462 Roger B Chaffee Memorial Blvd

Grand Rapids, MI 49548

  • 7,680 SF Industrial Building
  • $1,100,000
For Sale

4331 Brockton Dr SE

Grand Rapids, MI 49512

  • 13,984 SF Industrial Building
  • $1,350,000
For Sale

3012 Shaffer Ave SE

Grand Rapids, MI 49512

  • 9,988 SF Retail Building
  • $1,200,000
For Sale

1860 28th St SE

Grand Rapids, MI 49508

  • 75,410 SF Retail Building
  • $4,500,000
For Sale

3224 28th St SE

Kentwood, MI 49512

  • 6,121 SF Retail Building
  • 6.00% Cap Rate
  • $4,381,666
For Sale

4327 Airlane Dr SE

Grand Rapids, MI 49512

  • 23,563 SF Industrial Building
  • $2,475,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

Multifamily vs. Single-Family Investing ROI
Multifamily vs. Single-Family Investing ROI
Multifamily vs single-family investing compared across cash flow, vacancy risk, financing, management complexity, and ROI to help investors evaluate returns and downside risk by property type.
CapEx in Commercial Real Estate
CapEx in Commercial Real Estate
How to plan capital expenditures, prioritize projects, and manage risk without sacrificing returns on your commercial property investment.
Internal Rate of Return (IRR) Calculator
Internal Rate of Return (IRR) Calculator
Use this calculator to measure annualized returns, compare investment scenarios, and evaluate risk across commercial real estate deals.
What is a Ground Lease?
What is a Ground Lease?
Understanding the Nuances of Ground and Land Leases
Master Lease Strategies
Master Lease Strategies
Maximizing Control and Income with Flexible Leasing Solutions
How to Find Industrial Tenants for Your Property
How to Find Industrial Tenants for Your Property
A practical guide to finding qualified industrial tenants, from building your tenant profile to tenant screening and closing the lease.
Bonus Depreciation
Bonus Depreciation
A practical guide to using bonus depreciation to reduce tax liability, improve cash flow, and plan property improvements with timing strategies in mind.
Accelerated Depreciation in Commercial Real Estate
Accelerated Depreciation in Commercial Real Estate
Understand how accelerated depreciation works, which method fits your deal, and how to avoid the tax pitfalls that catch most investors off guard.

Nearby Commercial Markets

Comparing nearby markets helps investors see whether Kentwood pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Kentwood $205 19,654 SF
East Grand Rapids $2,083 384 SF
Grand Rapids $212 30,693 SF
Wyoming $144 42,683 SF

Regional Demographic Comparison

This comparison places Kentwood alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Kentwood or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Kentwood 56,537 21,765 36 $64,654 3 8,621 1%
Wyoming 77,020 29,021 36 $64,301 3 9,723 1%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Kentwood, MI and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Kentwood

View All Commercial Real Estate For Sale in Kentwood
Is Kentwood a good market for a first-time commercial real estate investor?

Kentwood offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Kentwood?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Kentwood. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Kentwood?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Kentwood. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Kentwood compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Kentwood. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Kentwood acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Kentwood, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

Nearby Cities
Commercial Market Reports