For Sale
$1,069,000

59 Commerce Ave Grand Rapids, MI 49503

Prime location, vacant, ready for renovation.

Overview

Added:
Dec 11, 2024
Days on market:
132
This 4,545 square foot vacant commercial property, located at 59 Commerce Ave SW in Grand Rapids, Michigan, presents a unique investment opportunity. The building, constructed in 1920, is classified as Class C and sits on a 0.115-acre lot. Zoned 201 Commercial - Improved, it offers endless possibilities for a new or expanding business. The property boasts high ceilings and a receiving area with an overhead door. Recent demolition work provides a blank slate for renovation, minimizing upfront costs. A 2023 phase 1 environmental site assessment and survey are available, streamlining the due diligence process and reducing closing costs. This prime location in the Heartside District places the property within close proximity to thriving businesses such as Stella's, Hotel Mertens, and The Pyramid Scheme. Two major parking ramps and market-rate apartments are within a block, while Peppino's, Luna, a new indoor golf facility, and Studio Park are within two blocks. A new multi-story development is planned for the adjacent lot, further enhancing the area's appeal. The asking price for this exceptional property is $1,069,000. The lease term is zero years, making it ideal for owner-occupancy or immediate lease-up. Don't miss the chance to establish your business in this vibrant and rapidly developing downtown area. Begin 2025 in this exceptional location.

Highlights

  • $1,069,000 asking price for this vacant, 4,545 SF retail building.
  • Located at 59 Commerce Ave SW, Grand Rapids, MI 49503, on a 0.115-acre lot.
  • C-Class building, built in 1920, with 201 Commercial - Improved zoning.
  • Restaurant/Storefront property in the Heartside District, near Stella's, Hotel Mertens, and other established businesses.
  • Features high ceilings, a receiving area with an overhead door, and has undergone recent demolition, offering a blank slate for renovation.

Property Details for 59 Commerce Ave

Property type
Retail properties, Restaurants
Square Feet
4,545 SF
Class
C
Year Built
1920
Lot Size (sq. ft)
5,009 SF

Location Insight

City
Grand Rapids
County
Kent
State
Michigan
Latitude
42.9615347
Longitude
-85.6694846

FAQs

What type of property is this?
Retail property - Prime location, vacant, ready for renovation.
Where is the retail property located?
The property is located at 59 Commerce Ave Grand Rapids, MI.
What is the asking price?
The asking price for this property is $1,069,000.
What are key features of this property?
This property features: $1,069,000 asking price for this vacant, 4,545 SF retail building.; Located at 59 Commerce Ave SW, Grand Rapids, MI 49503, on a 0.115-acre lot.; C-Class building, built in 1920, with 201 Commercial - Improved zoning.
How can I contact the broker?
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59 Commerce Ave
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