Upscale Commercial Building - NE GR / Belmont

Retail-Commercial for Sale
Catylist Listing ID: 30541678
Property Subtypes: Free-Standing Building
Building Size (RSF): 10,000 SF
Gross Building Area: See Agent
Sale Price: $1,300,000
Unit Price: $130 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/1/2021

Overview / Comments

Distinctive and upscale commercial / office building - strategically located on the prime West River Drive corridor in NE Grand Rapids (1.5 miles east of US-131 / 3.5 miles west of East Beltline). Location provides easy access to freeway - as well as to the choice Rockford, Cannonsburg, and Ada markets nearby.

Currently fully-leased with long-term tenants (4,000 SF and 6,000 SF spaces).

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Taxing Authority: Plainfield Township
Tax ID/APN: 41-10-20-376-026
Retail Clientele: General, Family, Business, Recreation
Property Located Between: Pine Island Dr NE & Jupiter Ave NE
Property Visibility: Excellent
Largest Nearby Street: West River Drive
Highway Access: 1.5 miles east of US-131 3.4 miles west of East Beltline / Northland Dr. / M-44
Airports: Gerald R Ford International Airport (GRR)
Area Description: Prime elevated location on north side of West River Drive - just 1.5 miles east of US-131 and 3.4 miles west of the East Beltline / Northland Drive. High traffic count, with easy access to freeway - as well as to the choice NE GR, Rockford, Cannonsburg, and Ada markets nearby.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 10,000 SF
Property Condition: Excellent
Year Built: 2007
Year Renovated: 2019
Roof Type: Gable
Construction/Siding: Metal Siding
Exterior Description: Distinctive and upscale commercial architecture - with excellent blend of stone, steel, and wood.
Parking Type: Surface
Parking Description: Ample parking in front of building - as well as long both sides.
Heat Type: Natural Gas
Heat Source: Central
Internet Access: Cable
Interior Description: Well-designed spaces throughout. Both tenants have recently renovated / upgraded their interior spaces in 2018 and 2019.
Zoning Description: Commercial - Improved
Water Service: Municipal
Sewer Type: Municipal
Legal Description: 411020376026 PART OF GOVT LOT 3 COM AT SW COR OF SEC TH S 88D 01M 10S E ALONG S SEC LINE 1335.73 FT TO E LINE OF W 1/2 SW 1/4 TH N 1D 12M 56S E ALONG SD E LINE 480.0 FT TO SLY LINE OF RIVER ROAD FARMS NO.3 TH N 49D 29M 58S E ALONG SD SLY LINE 303.96 FT TO BEG OF THIS DESC - TH N 49D 29M 58S E ALONG SD SLY LINE 256.17 FT TH S 40D 48M 06S E 429.60 FT TO NWLY LINE OF WEST RIVER DR TH S 46D 01M 48S W ALONG SD NWLY LINE 107.85 FT TH SWLY 155.45 FT ALONG SD NWLY LINE ON A 6092.50 FT RAD CURVE TO RT /LONG CHORD BEARS S 46D 45M 40S W 155.45 FT/ TH N 39D 55M 12S W 443.57 FT TO BEG * SEC 20 T8N R11W 2.60 A. SPLIT ON 08/27/2007 FROM 41-10-20-376-008;

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,814 44,497 105,054
Median Age: 41.3 38.1 37.66
Households: 657 17,543 41,558


Photograph of Listing Agent

Jeff Rogers

FS Realty LLC CARWM Member
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