1423 Grandville Avenue Sw

Grand Rapids, Michigan 49501

#2185 Unique investment opportunity, recently completed mixed-use facility consisting of 10,500 sf of retail fully leased on the main level with owner's office and 7 apartments fully leased on the second floor. Dollar General occupies 9,050 sf of the first floor under a 10 year lease terminating June 30, 2017 with six successive 5 year renewal periods. An additional 1,450 sf is occupied by Ruth's Hair Salon. Current gross revenues are $154,515.00 annually. Retail tenants are on net lease. Upper level apartments are separately metered for utilities. Call listing agent for information package on this ideal, tax free exchange opportunity and investment opportunity.