1409 Buchanan AveGrand Rapids, MI 49507

This exceptional mixed-use industrial property, located at 1409 Buchanan Ave SW in Grand Rapids, Michigan, presents a unique investment opportunity. The 37,856 square foot building, constructed in 1929 and extensively renovated in 2019, sits on a 1.29-acre lot and is zoned TN. The property features a two-story structure with three dock-high doors and ceiling heights ranging from 18 to 20 feet, ideal for warehouse operations. Currently, three tenants occupy 17,412 square feet of the main floor, utilizing the space for office and warehouse purposes. A significant portion of the lower level (11,644 square feet) is currently undergoing demolition. The remaining first-floor space and the entire second floor are available for an owner-occupant or additional leasing. The property includes fenced-in on-site parking accessible from Stevens Street, offering convenient access for employees and clients. Its strategic location provides easy access to US-131 and the Grand Rapids downtown area, enhancing its appeal and potential for growth. The asking price is $1,650,000, translating to $43.59 per square foot. This property offers a blend of existing income and significant potential for future development and expansion.