$800,000
Grand Rapids, MI 49504
MLS# 23000066
3 baths | 10455 sqft
1 / 56
Property Description
Great investment opportunity on the west side of Grand Rapids. Corner lot commercial/Industrial/Multi-Family opportunity! Stand Alone building with three apartments upstairs, fenced yard, open commercial/industrial/retail space. Great owner user and redevelopment opportunity. All showings must be during normal business hours M-F 10am-4:00pm. Contact Listing agent to show property. Showings to be during Business hours only M-F 10am-4pm and by appointment. Possible Sat showings by Appointment.
Details
Maps
Location & Property Info
County: Kent
Street #: 824
Street Name: Lake Michigan
Suffix: Drive
Post Direction: NW
State: MI
Zip Code: 49504
Zip (4): 5641
Cross Streets: Lake Michigan & Indiana
Property Sub-Type: Retail/Commercial
Area: Grand Rapids - G
Municipality: City of Grand Rapids
Office/Contract Info
Status: Active
Current Price: $800,000
List Price: $800,000
Auction or For Sale: For Sale
List Price/SqFt: 76.52
Prop Avail for Lease?: No
Sub Agency Type: %
Buyer Agency: 3
Buyer Agency Type: %
Trans Coord Type: %
Listing Date: 2022-07-21
Current Bldg Use: Commercial/Industrial Multi-Family
General Property Info
New Construction: No
Lot Measurement: Acres
Lot Acres: 0.31
Lot Square Footage: 13591
Lot Dimensions: 142X94
Year Built: 1923
Road Frontage: 142
Mineral Rights: Unknown
Total # Units: 4
# Fin Bldg Lvls: 10455
Total # Bldgs: 1
Total SqFt: 10455
Total Net SqFt: 10455
Property Use Type: Vacant/Owner-User
Full Baths: 5
Total Baths: 3
Waterfront: No
School District: Grand Rapids
Tax Info
Tax ID #: 41-13-26-279-001
Taxable Value: 102728
SEV: 242500
For Tax Year: 2022
Annual Property Tax: 5428.19
Tax Year: 2022
Non-Conforming Use: Yes
Zoning: TBA
Remarks & Misc
Legal: S 94 FT OF LOTS 5 & 6 BLK 2 & S 94 FT OF W 40 FT OF LOT 4 BLK 2* SHEPARD S ADDITION
Directions: W of US131 on Lake Michigan Drive. Property at corner of Indiana and Lake Michigan Dr. S side of road
Additional Details
# Loading Docks/Well: 1
Grd Lvl OH Doors: 1
Power/Voltage: 3 phase/480
Income and Expenses
Operating Expense: 5400
SqFt Information
Rentable Other SqFt: 3900
Rentable Retail SqFt: 4800
Rentable Warehse SqF: 1755
Total Bldg Other SqF: 3900
Total Bldg Retail Sq: 4800
Total Bldg SqFt (Gro: 10455
Waterfront Options
Water Access Y/N: No
Property Features
Property Use: Business; Investment; Vacant/Owner-User
Uses: Distribution; Manufacturing; Retail; Storage; Other
Ownership: LLC
Business Includes: Non-Applicable
Construction Type: Block
Exterior Material: Block; Brick; Wood Siding
Roofing: Rubber
Foundation: Concrete Perimeter; Slab
Below Grade: Partial
Additional Features: Expandable; Fenced Storage; Multi User Facility
Sewer: Public
Water: Public
Utilities Attached: Cable; Electric; Natural Gas; Telephone
Util Avail at St: Broadband; Cable; Electric; Natural Gas; Public Sewer; Public Water; Storm Sewer; Telephone
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Driveway: Concrete; Gravel
Street Type: Public
Purchase Terms Avail: Cash; Conventional
Docs at List Office: Aerial Photo
Sale Conditions: None
Listing Office: Gantos Group LLC
Listing Agent: Michael Gantos
Last Updated: December - 29 - 2023
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