Income Generating Retail or Office Building For Sale

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30039711
Property Subtypes: Mixed Use, Street Retail
Building Size (RSF): 5,336 SF
Gross Building Area: See Agent
Gross Land Area: 0.07 Acres
Sale Price: $950,000
Unit Price: $178.04 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/15/2017

Overview / Comments

Excellent opportunity to own an investment or could be purchased as an owner occupied property. Join the East Hills neighborhood and become a part of a thriving business community. This building is located where Cherry St, Diamond, and Lake d Drive meet. Neighboring businesses are Brewery Vivant, Brick Road Pizza, Art of the Table, Magiamo and Marie Catribs to name a few. Street retail and office use on the ground level and office use or studio space on the upper level. We have two spaces available for lease - 1200 sq ft and 175 sq ft, or could be combined. These spaces have a deck on the north side of the building facing Lake Dr. Please call Pamela @ 437-9300 for financial details.

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Kent
Submarket/Township: East Grand Rapids
Taxing Authority: City of Grand Rapids
Tax ID/APN: 41-14-29-311-026
Zoning: COMMERCIAL
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Parking Type: Surface
Legal Description: LOT 1655* STEINMANN S ASSESSOR S PLAT NO 55

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 26,952 159,910 285,944
Median Age: 28.86 31.25 33.67
Households: 11,183 59,057 110,440
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