$ 749,900
4000 Remembrance Road Grand Rapids, MI 49534-7589
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$ 749,900
Est. payment | /mo
8,446 SqFt
$ 749,900
Est. payment | /mo
8,446 SqFt
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 8,446 sqft
Price per Sqft $88
Subdivision Mi
MLS Listing ID 70436806
Year Built 1940
Annual Tax Amount $9,638
Tax Year 2023
Lot Size 1.000 Acres
Acres 1.0
Lot Dimensions 166x44x125x196x155
Property Description
This commercial property offers a strong investment opportunity with five units. Two are currently rented: a flower shop ($1,200/month) and a commercial kitchen ($1,350/month). There's an additional unoccupied kitchen, and two office spaces, with a total potential rental income of $9,150/month. The building features newer 3-phase power, a dual 23' hood system, two walk-in coolers, and an 8x6 freezer. Both office spaces have been updated. Other amenities include a commercial water heater, dishwashing system, updated plumbing, gutters, and a 2,000 sq. ft. storage area with bay doors. Fully up to code and ready for more tenants. A separate business is also available with a land contract option.
Location
State MI
County Kent
Area Walker (41040)
Interior
Heating Forced Air
Exterior
Waterfront No
Roof Type Composite,Other-See Remarks,Rubber
Building
Water Public Water, Public Water at Street
Structure Type Block,Brick,Frame,Stone,Vinyl Siding,Wood
Others
Ownership LLC
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Five Star Real Estate-W Norton
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "