MI > Grand Rapids
Grand Rapids, MI 49508,1850 28th SE Street
Grand Rapids, MI 49508,1850 28th SE Street
Grand Rapids, MI 49508,1850 28th SE Street
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Sherie Berry

Sherie Berry

Homes by Hazard

+1(616) 581-3294
$1,599,000
Est. payment /mo
20,340 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 20,340 sqft

Price per Sqft $78

Municipality City of Grand Rapids

MLS Listing ID 25016435

Year Built 1988

Annual Tax Amount $30,928

Tax Year 2024

Lot Size 3.605 Acres

Acres 3.61

Lot Dimensions see map

Property Sub-Type Industrial

Property Description

Great opportunity for a fully leased automotive retail Grand Rapids commercial property with unused land area for possible additional venture/expansion. A Suite could be available for Owner Operator! Approximately 8.5% 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.

Location

State MI

County Kent

Area Grand Rapids - G

Direction South side of 28th Street between Kalamazoo Ave and Breton.

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

Street Surface Paved

Total Parking Spaces 50

Building

Structure Type Block

New Construction No

Schools

School District Grand Rapids

Others

Tax ID 41-18-16-126-005

Ownership LLC

Acceptable Financing Conventional, Cash

Listing Terms Conventional, Cash

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Listed by Bialik Real Estate LLC

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agent

Sherie Berry

+1(616) 581-3294

Agent | License ID: 6501452737

Agent License ID: 6501452737

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