Grand Rapids, MI 49508 1850 28th Street SE
$1,599,000
11 more
Presented By: Nathaniel R Bialik at Bialik Real Estate LLC - (616) 710-1220
Home Details
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.
Presented By: Nathaniel R Bialik at Bialik Real Estate LLC - (616) 710-1220
Interior Features for 1850 28th Street SE
Bathrooms
Total Baths
Other Interior Features
Basement (Y/N)No
Heating Y/NYes
Total Stories20340
General for 1850 28th Street SE
Additional Parcels Y/NNo
Business TypeOther, Auto Service, Professional Service, Storage, Retail
CityGrand Rapids
Construction MaterialsBlock
CountyKent
DirectionsSouth side of 28th Street between Kalamazoo Ave and Breton.
Electric On Property Y/NNo
Full Baths
Gross Income186000.0
HeatingRadiant
High School DistrictGrand Rapids
Insurance Expense3800.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal Descriptionlengthy legal attached
Listing TermsConventional, Cash
Lot Size Square Feet157034.0
Lot Size UnitsAcres
MLS AreaGrand Rapids - G
MLS Area MinorGrand Rapids - G
MaintenanceExpense2400.0
MobileHomeRemainsYNNo
ModificationTimestamp2025-04-24T19:24:52Z
Net Operating Income136412.0
New ConstructionNo
Number Of Units Total6
Occupancy TypeTenant
Operating Expense41988.0
OwnershipCorporate Owned
Ownership TypeLLC
PossessionClose Of Escrow, Subject To Tenant Rights
Property SubtypeIndustrial
Property TypeCommercial Sale
Rent Control Y/NNo
Senior CommunityNone
Standard StatusActive
StatusActive
Tax Annual Amount30928.0
Tax Assessed Value580692
Tax Year2024
TownshipCity of Grand Rapids
UtilitiesPhone Available, Natural Gas Available, Electricity Available, Phone Connected, Natural Gas Connected, Electricity Connected
Waterfront Y/NNo
Year Built1988
Zoning DescriptionC-2 Commercial
Exterior for 1850 28th Street SE
Building Area Total20340.0
Crops Included Y/NNo
Horse Y/NNo
InclusionsNon-Applicable
Irrigation Water Rights Y/NNo
Lot Dimensionssee map
Lot Size Acres3.61
Lot Size Area3.61
Number of Buildings1
Open Parking Y/NNo
Road Surface TypePaved
SpaNo
Total Parking50.0
Additional Details
Price History
Holly Welsh
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