For Sale - 59 Commerce Ave SW
Retail-Commercial
for Sale
Also listed as Office
| Catylist Listing ID: |
30581700 |
| Property Subtypes: |
Mixed Use, Restaurant, Street Retail
|
| Building Size (RSF): |
4,266 SF
|
| Gross Land Area: |
0.12 Acres
|
| Sale Price: |
$850,000 |
| Unit Price: |
$199.25 PSF |
| Property Use Type: |
Vacant/Owner-User |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/23/2020 |
Overview / Comments
|
One of downtown Grand Rapids' last developable buildings now available for sale at 59 Commerce. Located in the heart of the entertainment district and steps away from all the action, this historic building is ready for a new life. Nearly a wide open footprint, building includes a partial basement and drive-in door off the back alley. This is a historic building and site is not expandable vertically. Neighboring businesses include Stella's, Two Beard's Deli, VanAndel Arena, Studio Park, Tavern on the Square, HopCat, Max's South Seas, New Hotel Mertens and the soon to open Canopy by Hilton to name a few.
|
Financials
| Finance Data Year |
2009 |
| Real Estate Taxes - Annual($) |
$5,691 (Annual) |
Additional Details
| Nearest MSA: |
Grand Rapids-Kentwood |
| County: |
Kent |
| Submarket/Township: |
Central Business District |
| Taxing Authority: |
City of Grand Rapids |
| Tax ID/APN: |
41-13-25-435-010 |
| Zoning: |
COMMERCIAL |
| Property Visibility: |
Excellent |
| Site Description: |
LOT 20* KENT PLAT SPRING STREET |
| Tenancy: |
Single Tenant |
| Construction/Siding: |
Brick |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
18,001 |
153,691 |
288,877 |
| Median Age: |
28.23 |
30.75 |
33.6 |
| Households: |
8,482 |
57,208 |
110,829 |
|
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