601 & 609 Eastern Avenue SE

Retail-Commercial for Sale
Catylist Listing ID: 30651777
Property Subtypes: Convenience Store, Free-Standing Building, Mixed Use, Street Retail
Building Size (RSF): 16,526 SF
Gross Land Area: 0.46 Acres
Sale Price: $1,700,000
Unit Price: $102.87 PSF
Ceiling: 14 ft.
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/29/2021

Overview / Comments

First time available on the market; this prime retail property comes with two buildings, one vacant parcel behind and sits on a hard corner; lighted intersection. Area is changing rapidly and is in one of the fastest growing areas in West Michigan. Price includes business and FF&E. Great for owner/user, as a rental investment or redeveloped into multi-family/mix-use.

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: S 131 Corridor
Taxing Authority: City of Grand Rapids
Tax ID/APN: 41-14-31-279-031
Zoning: TN-TBA
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Year Built: 1920
Year Renovated: 2017
Construction/Siding: Wood Frame
Exterior Description: Brick/Stone/Stucco
Parking Description: Street Parking
Heat Type: Electricity
Heat Source: Central
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 28,709 159,872 297,800
Median Age: 28.32 30.9 33.58
Households: 10,954 58,813 114,740


Photograph of Listing Agent

Joe Rizqallah

Signature Associates
CARWM Member
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