1850, 28th, Grand Rapids, MI, 49508
$1,599,000
Basics
- Date added: Added 3 weeks ago
- Category: Commercial Sale
- Type: Industrial
- Status: Active
- Bathrooms: 0
- Lot size: 3.61 sq ft
- Year built: 1988
- Bathrooms Full: 0
- Lot Size Acres: 3.61 acres
- Business Type: Other, Auto Service, Professional Service, Storage, Retail
- County: Kent
- MLS ID: 25016435
Description
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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.
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Location
- Directions: South side of 28th Street between Kalamazoo Ave and Breton.
Building Details
- Building Area Total: 20340 sq ft
- Number Of Units Total: 6
- Construction Materials: Block
- Heating: Radiant
- Number Of Buildings: 1
Amenities & Features
- Parking Total: 50
- Inclusions: Non-Applicable
- Utilities: Phone Available, Natural Gas Available, Electricity Available, Phone Connected, Natural Gas Connected, Electricity Connected
Fees & Taxes
- Tax Assessed Value: $580,692
- Tax Year: 2024
- Tax Annual Amount: $30,928
- Gross Income: $186,000
- Maintenance Expense: $2,400
- Insurance Expense: $11,400
School Information
- High School District: Grand Rapids
Miscellaneous
- Road Surface Type: Paved
- CrossStreet: kzoo/breton
- Listing Terms: Conventional, Cash
Ask an Agent About This Home
This Industrial style property is located in is currently Commercial Sale and has been listed on Tucker Benner Realty - Our Michigan Home. This property is listed at $1,599,000. It has bedrooms, 0 baths bathrooms, and is . The property was built in 1988 year.
