18,000 SF Building | Burton Heights

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30191800
Property Subtypes: Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 18,420 SF
Sale Price: $450,000
Unit Price: $24.43 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Last Updated: 2/20/2018

Overview / Comments

Just listed for sale, one of very few 10,000 - 20,000 SF buildings available in the City of Grand Rapids. 9,210 SF per floor, ~4,000 SF basement with freight elevator access, open loft style floor plan, tall ceilings, new roof in 2017. Bus stop and 215+ space city parking lot across the street, on-street parking, 4 on-site parking spaces.

Building is eligible for property tax exemption through Obsolete Property Rehabilitation Act (OPRA). A statement of obsolescence has already been issued by the local assessor. More information on OPRA here:
http://www.michigan.gov/taxes/0,4676,7-238-43535_53197-213177–,00.html

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Kent
Submarket/Township: S 131 Corridor
Taxing Authority: City of Grand Rapids
Tax ID/APN: 41-18-07-101-010
Zoning: TN-TBA
Property Visibility: Excellent
Tenancy: Multiple Tenants
Year Built: 1935
Year Renovated: 2017

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 24,097 155,148 322,924
Median Age: 27.21 31.42 33.29
Households: 7,144 57,497 123,040

Contact

Photograph of Listing Agent

Scott K. Ryskamp

Ryskamp Realty CARWM Member
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