3767 28th St SE

Retail-Commercial for Sale
Catylist Listing ID: 30634708
Property Subtypes: Free-Standing Building, Retail-Pad, Street Retail
Building Size (RSF): 9,620 SF
Gross Building Area: See Agent
Gross Land Area: 0.67 Acres
Sale Price: $3,500,000
Unit Price: $363.83 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Usable Size (USF): 9,620 SF
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: 7.43%
Last Updated: 6/10/2021

Overview / Comments

Incredible investment opportunity on a hard-lit corner in the heart of Grand Rapid's premier retail corridor. The perfect portfolio booster for you or your client.

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: 28th Street Southeast
Taxing Authority: City of Grand Rapids
Tax ID/APN: 41-18-11-452-018
Property Visibility: Excellent
Traffic/Vehicle Count: 32,149
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 9,600 SF
Year Built: 1986
Year Renovated: 2007
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,700 73,956 216,583
Median Age: 40.76 37.41 34.19
Households: 3,207 29,492 83,304


Photograph of Listing Agent

Steven Millman

NorthStar Commercial LLC
CARWM Member
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