2180 44th St SE

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30651494
Property Subtypes: Office Building
Status: Pending/Contingent
Building Size (RSF): 20,211 SF
Gross Building Area: See Agent
Gross Land Area: 1.34 Acres
Sale Price: $825,000
Unit Price: $40.82 PSF
Ceiling: 9 ft.
Property Use Type: Vacant/Owner-User
Class of Space: Class D
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/17/2020

Overview / Comments

Affordable owner/user opportunity with in place income priced well below replacement cost. Seller has operated out of the building for over a decade and is nearing retirement. In place renters cover all costs of operation as well as provide cash flow. Owner occupies the majority of the 3rd floor, which could be made available for an owner/user, leased back by the seller, or made available for lease. Building is ADA accessible with a ramp and an elevator. For specific financials, contact listing agent.

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: 36th/44th St Corridor
Tax ID/APN: 41-18-28-212-013
Zoning: COMMERCIAL IMPROVED
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1971
Year Renovated: 2003
Passenger Elevators: 1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,024 95,010 223,741
Median Age: 36.52 35.21 33.94
Households: 6,512 38,333 82,678

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