1739 Elizabeth Ave NW

Industrial for Sale
Catylist Listing ID: 30499051
Property Subtypes: Free-Standing, Manufacturing, Light Industrial, Warehouse/Distribution
Building Size (RSF): 29,624 SF
Gross Building Area: See Agent
Gross Land Area: 1.69 Acres
Sale Price: $1,249,000
Unit Price: $42.16 PSF
Ceiling: 16 ft. Clear
Docks/Doors: 1 Dock, 2 Doors
Office SF: 6,531 SF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/17/2019

Overview / Comments

The property that is located at 1739 Elizabeth Ave NW has recently been updated to include modern offices, new concrete floors through a major portion of the facility and updated power capabilities. The facility would suit a wide variety of users in that it has a few separate sections for multiple operations as well as areas that could be used for outdoor storage.
Facilities of this size located this close to Downtown and US-131 are rare and this facility will not last long.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $10,497 (Annual)
Assessed Value - Total($) $237,300 (Annual)

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: 3 Mile Corridor
Taxing Authority: City of Grand Rapids
Tax ID/APN: 41-13-13-176-003
Zoning: TN-TCC - TRANSITIONAL CITY CENTER
Property Located Between: Richmond Street NW and Ann Street NW and Turner Ave NW and Alpine Ave NW
Highway Access: 0.92 Miles to US-131
Airports: Gerald R. Ford International Airport
Tenancy: Single Tenant
Property Condition: Average
Year Built: 1925
Year Renovated: 2016
Construction/Siding: Brick, Steel Frame
Parking Type: Surface
Parking Description: On Site
Overhead Cranes: Undisclosed
Volts: 480
X-Phase: 3 Phase
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Lighting: Fluorescent
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,401 111,098 232,030
Median Age: 29.71 32.87 33.73
Households: 4,927 45,235 88,896

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