1850 28th SE Street Active Save Request In-Person Tour Request Virtual Tour
Grand Rapids,MI 49508
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 20,340 sqft
Price per Sqft $77
MLS Listing ID 25016435
Year Built 1988
Annual Tax Amount $30,928
Tax Year 2024
Lot Size 3.605 Acres
Property Sub-Type Industrial
Property Description
*PRICE REDUCED* Great opportunity for a fully leased automotive retail Grand Rapids commercial property plus additional land area for possible additional venture/expansion (i.e storage facility/your office building etc.) There is current refreshed investment/buildout in this 28th/Kzoo area! This is a turn-key cashflow investment opportunity with owner operator location possibilities. Suite 500 has potential to be split into 2 suites as previous for additional rents. (500 & 550) A Suite could be available for Owner Operator! Approximately 9% 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. Call today!
Location
State MI
County Kent
Area Grand Rapids - G
Interior
Heating Radiant
Inclusions Non-Applicable
Exterior
Utilities Available Phone Available,Natural Gas Available,Electricity Available,Phone Connected,Natural Gas Connected,Electricity Connected
View Y/N No
Building
Structure Type Block
New Construction No
Schools
School District Grand Rapids
Others
Acceptable Financing Conventional,Cash
Listing Terms Conventional,Cash