Grand Rapids, MI 49508,1850 28th SE Street
Grand Rapids, MI 49508,1850 28th SE Street
Grand Rapids, MI 49508,1850 28th SE Street
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Jun
$1,599,000
Est. payment /mo
20,340 SqFt
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Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 20,340 sqft

Price per Sqft $78

Municipality City of Grand Rapids

MLS Listing ID 25016435

Year Built 1988

Annual Tax Amount $30,928

Tax Year 2024

Lot Size 3.605 Acres

Acres 3.61

Lot Dimensions see map

Property Sub-Type 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 - G

Direction South side of 28th Street between Kalamazoo Ave and Breton.

Interior

Heating Radiant

Inclusions Non-Applicable

Exterior

Utilities Available Phone Available, Natural Gas Available, Electricity Available, Phone Connected, Natural Gas Connected, Electricity Connected

View Y/N No

Street Surface Paved

Total Parking Spaces 50

Building

Structure Type Block

New Construction No

Schools

School District Grand Rapids

Others

Tax ID 41-18-16-126-005

Ownership LLC

Acceptable Financing Conventional, Cash

Listing Terms Conventional, Cash


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Listed by Bialik Real Estate LLC

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agent

Nick Schweihofer

+1(616) 566-4619

Team Leader, Broker | License ID: 6506047709

Team Leader, Broker License ID: 6506047709

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  • Nick did an awesome job in helping us find and purchase our condo. He listened to our wants and identified options and in the end we found a good fit for our needs for a vacation home Since we are far from Holland Nick set up a couple video tours to reduce travel. Thanks Nick for all the hard work and insight. We are very excited about our new home!
    Gordon L
  • Nick was awesome to work with! I just went through the process of purchasing my first home and Nick couldn’t have made it any easier. He is super knowledgeable about the industry and the area. He answered all my questions and made sure to point out things I may not be thinking of since it was my first time going through the process. He was attentive, super responsive, easy to talk to, and truly cares about finding his clients a home they’ll love! I’m looking forward to working with him again in the future and would definitely recommend him as an agent!
    Emily Rzeszutko
  • Nick was amazing to work with! This was my first time buying a house. Nick was very patient and took the time to walk me through everything and address all my questions. He was always quick to respond. He was clearly knowledgeable about the area and was great at pointing out and educating me on issues to watch for as we walked through houses. I absolutely recommend Nick to anyone buying or selling a home, and look forward to working with him again in the future!
    Kayla Kocal
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