1850 28th Street SE Active Save Request In-Person Tour Request Virtual Tour
Grand Rapids,MI 49508
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 20,340 sqft
Price per Sqft $77
MLS Listing ID 65025016435
Year Built 1988
Annual Tax Amount $30,928
Lot Size 3.610 Acres
Acres 3.61
Lot Dimensions see map
Source Greater Regional Alliance of REALTORS®
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
Zoning Other
Direction South side of 28th Street between Kalamazoo Ave and Breton.
Interior
Heating Radiant
Heat Source Natural Gas
Exterior
Road Frontage Paved
Building
Sewer Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Block
Schools
School District Grand Rapids
Others
Tax ID 411816126005
Ownership Corporate/Relocation
Acceptable Financing Cash,Conventional
Rebuilt Year 1992
Listing Terms Cash,Conventional
Financing Cash,Conventional
Special Listing Condition Unknown/Data Share Listings