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Additional details

Larry Else

larry@dtrdetroit.com +1(313) 315-3215

$ 1,599,000

Est. payment -/mo

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1850 28th Street SE Grand Rapids, MI 49508

20,340 SqFt

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 20,340 sqft

Price per Sqft $78

MLS Listing ID 65025016435

Originating Board Greater Regional Alliance of REALTORS®

Year Built 1988

Annual Tax Amount $30,928

Lot Size 3.610 Acres

Acres 3.61

Lot Dimensions see map

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

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 Public 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

Listed by Nathaniel R Bialik of Bialik Real Estate LLC

Larry Else

Broker | License ID: 386964

+1(313) 315-3215

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