200 Madison Ave SE

Expired Special Purpose for Sale
Catylist Listing ID: 30011872
Building Size (RSF): 21,000 SF
Gross Building Area: See Agent
Gross Land Area: 0.58 Acres
Sale Price: $1,600,000
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Expired On: 11/8/2017
Last Updated: 11/8/2017

Overview / Comments

Fantastic opportunity to redevelop this historical 21,000 square foot structure in Heritage Hill. Located at the corner of Madison & Cherry, the property was previously used as a church with several offices, a day care facility and a magnificent sanctuary with original stained glass. Updated in recent years with new HVAC that includes central air conditioning throughout.

An easy walk to downtown restaurants/bars/eateries, St. Mary’s Hospital, Davenport University and the Central Business District. The possibilities are endless.

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Kent
Submarket/Township: Central Business District
Taxing Authority: City of Grand Rapids
Tax ID/APN: 41-14-30-451-001
Zoning: TN-LDR TRADITIONAL NEIGHBORHOOD, LOW DENSITY RESIDENTIAL
Property Located Between: Cherry St and Wealthy St SE
Property Visibility: Good
Largest Nearby Street: Cherry
Feet of Frontage: 148
Total Number of Buildings: 1
Number of Stories: 3
Property Condition: Good
Year Built: 1929
Construction/Siding: Brick
Parking Type: Surface
Parking Description: 6-8 spaces on-site, plus off street
Lot Frontage: 148
Lot Depth: 173
Water Service: Municipal
Sewer Type: Municipal
Legal Description: LOT 4 BLK 2 & PART OF LOTS 3, 5 & 6 BLK 2 COM AT NE COR SD LOT 3 TH S 119.6 FT TH W 25 FT S 30 FT TH W TO W LINE SD LOT 5 TH N 9 FT TH E TO SW COR SD LOT 3 N TO NW COR SD LOT 3 TH E TO BEG* MORRIS ADDITION

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 25,235 162,274 297,609
Median Age: 28.34 31.29 33.71
Households: 10,974 60,586 114,391

Contact

Photograph of Listing Agent

Drew Nelson

Bradley Company
CARWM Member
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