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1423 S Grandville Avenue

Grand Rapids, Michigan 49501


Robert A Kaufman
269.591.1607

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$880,000


Square Footage
21,000

Property Type
Retail Store
Neighborhood
Grand Rapids


#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.



Full Features
Lot Size: 0.66 acres - 28,651 square feet
Built: 2007
Parking Spaces: 28
Cooling System: Central
Stories: 2.00
Roof: Rubber
Potential Use: Other, Retail
Zoning: COMMERCIAL
Additional Information: Barrier Free, Fire Sprinkler, Multi User Facility, Util
Building Square Feet: 21,000
Retail Square Feet: 10,500


Taxes & Assessments
Taxes: $38,148

Listing Office: Coldwell Banker Woodland Schmidt Commercial

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Grand Rapids

Sitting on the Grand River, just 30 miles from Lake Michigan, Grand Rapids is the second largest city in Michigan. Known for its industry and the scenic area around which Grand Rapids was built, the city is known as “Furniture‚Ķ

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1423 S Grandville Avenue Grand Rapids, Michigan 49501 is a retail store property, which sold for $880,000. Want to learn more about 1423 S Grandville Avenue Grand Rapids, Michigan 49501? Contact an @properties agent to request more info.


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