1850 28th SE Street Active Save Request In-Person Tour Request Virtual Tour
Grand Rapids,MI 49508
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 20,340 sqft
Price per Sqft $90
Municipality Grandville City
MLS Listing ID 24055171
Year Built 1988
Annual Tax Amount $30,928
Tax Year 2024
Lot Size 3.605 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. Approximately 7.35% 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 Other, Non-Applicable
Exterior
Utilities Available Phone Available,Natural Gas Available,Electricity Available,Phone Connected,Natural Gas Connected,Electricity Connected,Water Available,Sewer Available
View Y/N No
Street Surface Paved
Total Parking Spaces 50
Building
Sewer Public Sewer
Water Public
Structure Type Block
New Construction No
Schools
School District Grand Rapids
Others
Tax ID 41-18-16-126-005
Acceptable Financing Conventional,Cash
Listing Terms Conventional,Cash