1423 Grandville Avenue Sw

Grand Rapids, Michigan 49501
Closed / MLS #12016943 / Retail Store / Grand Rapids
Listing information updated 10/20/2020 at 1:47am
#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
Acreage:
0.6600
Built:
2007
Zoning:
COMMERCIAL

Taxes & Assessments

Tax Amount:
$38,148
Tax Year:
2011

Location

Zip Code:
49501
City:
Grand Rapids
County:
Kent

Listing Office: Coldwell Banker Woodland Schmidt Commercial

Listing Office Phone: 616.396.8649

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1423 Grandville Avenue Sw is a retail store which sold for $880,000. This retail store has been listed on @properties since January 15th, 2012 and was built in 2007.