Grand Rapids MI Commercial for Sale
$1,850,000
Address not provided Grand Rapids, MI 49508
- Type:
- Industrial
- Sq.Ft.:
- 20,340
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 3.61 Acres
- Year built:
- 1988
- Baths:
- MLS#:
- 70437617
ADDITIONAL INFORMATION
Great opportunity for a fully leased automotive retail Grand Rapids commercial property with unused land area for possible additional venture/expansion. Approximately 7.35% cap rate at current asking price. Seller will look at any reasonable offer. Desirable 28th Street frontage across from Indian Trails Golf course between Kalamazoo Ave and Breton. Call for lease info, environmental info, and to schedule a tour. Current monthly gross lease total of $15,500. Environmental done 2020: no corrective actions necessary.
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Grand Rapids Real Estate
The median home value in Grand Rapids, MI is $275,400. This is lower than the county median home value of $281,000. The national median home value is $338,100. The average price of homes sold in Grand Rapids, MI is $275,400. Approximately 57.12% of Grand Rapids homes are owned, compared to 40.48% rented, while 2.4% are vacant. Grand Rapids real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Grand Rapids real estate agent to arrange a tour today!
Grand Rapids, Michigan 49508 has a population of 53,884. Grand Rapids 49508 is less family-centric than the surrounding county with 31.06% of the households containing married families with children. The county average for households married with children is 33.51%.
The median household income in Grand Rapids, Michigan 49508 is $60,505. The median household income for the surrounding county is $69,786 compared to the national median of $69,021. The median age of people living in Grand Rapids 49508 is 34.6 years.
Grand Rapids Weather
The average high temperature in July is 82.1 degrees, with an average low temperature in January of 16.7 degrees. The average rainfall is approximately 37 inches per year, with 71.6 inches of snow per year.