2-10 Jefferson Ave SE

Retail-Commercial for Sale
Catylist Listing ID: 30397615
Property Subtypes: Restaurant, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 5,856 SF
Gross Building Area: See Agent
Gross Land Area: 0.20 Acres
Sale Price: $899,000
Unit Price: $153.52 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 7/8/2021

Overview / Comments

Opportunity to buy this one story brick building. Located at the corner of Fulton and Jefferson in downtown Grand Rapids. Great leasing history with continued opportunity for rental growth in the future.

Property is located between Spectrum and St. Mary’s hospitals and benefits from pedestrian and auto traffic.

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: Central Business District
Tax ID/APN: 411430326001
Zoning: 201 COMMERCIAL IMPROVED
Tenancy: Multiple Tenants
Number of Stories: 1
Year Built: 1926
Year Renovated: 1999
Roof Type: Flat
Construction/Siding: Brick

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 24,768 155,544 287,304
Median Age: 28.26 31.31 33.72
Households: 11,144 58,216 109,835

Contact

Photograph of Listing Agent

Chris Muller

M Retail LLC CARWM Member
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