$1,200,000
$1,500,000
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4,151 SqFt
SOLD DATE : 11/30/2021
Key Details
Sold Price $1,200,000
Property Type Commercial
Sub Type Business And Real Estate
Listing Status Sold
Purchase Type For Sale
Square Footage 4,151 sqft
Price per Sqft $289
MLS Listing ID 65021008912
Sold Date 11/30/21
Originating Board Greater Regional Alliance of REALTORS®
Year Built 1953
Annual Tax Amount $15,346
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 40x106
Property Description
This East Grand Rapids Mixed Use Building is a very solid investment. Recent retail space changes have also increased longer-term leases. It's one rare opportunity to own an East Grand Rapids asset and prime location. Located at the center / crossroads of East Grand Rapids this building sits on the southwest corner on two street fronts. Features include 4 income units with 4 parking spots with potential for expansion to build more rental space. The 2 Bedroom Apartment/Office space and 3 retail units offers a strong historical revenue stream and 100% Occupancy.Recent improvements include a newer roof, newer windows, electrical panels updates, hot water heaters, HVAC and more. Pretty easy to show with 48 hours notice.
Location
State MI
County Kent
Area East Grand Rapids
Zoning Commercial
Direction LAKE DR TO WEALTHY, W TO BUILDING. Breton to Wealthy St East.
Interior
Heating Forced Air
Heat Source Natural Gas
Exterior
Pool No
Building
Sewer Public Sewer (Sewer-Sanitary), Sewer at Street
Water Public (Municipal)
Structure Type Brick,Frame,Vinyl,Wood
Schools
School District East Grand Rapids
Others
Tax ID 411433253006
Acceptable Financing Cash, Other
Rebuilt Year 2017
Listing Terms Cash, Other
Financing Cash,Other
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