16
See all 16 photos
$1,599,000
Est. payment /mo
20,340 SqFt
Active
1850 28th Street Grand Rapids, MI 49508
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 20,340 sqft
Price per Sqft $78
Subdivision Mi
MLS Listing ID 70463095
Year Built 1988
Annual Tax Amount $30,928
Tax Year 2024
Lot Size 3.610 Acres
Acres 3.61
Lot Dimensions see map
Property Sub-Type Commercial/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 9% 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 (41032)
Zoning Commercial
Interior
Heating Radiant
Exterior
Parking Features 21+ Spaces
Building
Structure Type Block,Concrete
Others
Ownership LLC
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Bialik Real Estate LLC