824 Lake Michigan DrGrand Rapids, MI 49504

For Sale
$750,000
Grand Rapids Redevelopment Opportunity: 10,455 SF

Overview

Added:
Dec 11, 2024
Days on market:
125
This unique mixed-use property at 824 Lake Michigan Drive NW in Grand Rapids, Michigan, presents a compelling redevelopment opportunity. The 10,455 square foot building, constructed in 1923, sits on a 0.31-acre corner lot and is classified as a Class B property. Currently operating at 60% occupancy, the building features one loading dock and ceiling heights ranging from 9 to 14 feet. The property's versatile design includes three large apartments on the upper floors and open commercial/industrial/retail space on the lower level. This fee-simple ownership offers significant potential for owner-users seeking a blend of residential and commercial space. The zoning is currently TBA. The asking price is $750,000, translating to $71.74 per square foot. The property's multi-faceted nature, combined with its prime Grand Rapids location in Kent County (zip code 49504), makes it an attractive investment for those seeking a redevelopment project. The building consists of one structure with three stories and four units. Showings are available Monday through Friday, between 10:00 AM and 4:00 PM. This is a rare chance to acquire a substantial property with significant upside potential in a thriving Westside Grand Rapids location.

Highlights

  • 10,455 SF mixed-use building on a 0.31-acre corner lot in Grand Rapids, MI.
  • Class B property built in 1923, currently 60% occupied.
  • Features three upper-floor apartments and ground-floor commercial/industrial/retail space; one loading dock; 9-14' ceiling heights.
  • Fee-simple ownership; $750,000 asking price ($71.74/SF).
  • Prime Westside Grand Rapids location (49504); redevelopment opportunity.

Property Details for 824 Lake Michigan Dr

Property type
Warehouses, Retail properties
Square Feet
10,455 SF
Class
B
Year Built
1923
Buildings
1
Stories
3
Lot Size (sq. ft)
13,504 SF
Units
4

Location Insight

City
Grand Rapids
County
Kent
State
Michigan
Latitude
42.9659375
Longitude
-85.68858
824 Lake Michigan Dr, Grand Rapids, Michigan

FAQs

What type of property is this?
Warehouse - Grand Rapids Redevelopment Opportunity: 10,455 SF
Where is the warehouse located?
The property is located at 824 Lake Michigan Dr Grand Rapids, MI.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 10,455 SF mixed-use building on a 0.31-acre corner lot in Grand Rapids, MI.; Class B property built in 1923, currently 60% occupied.; Features three upper-floor apartments and ground-floor commercial/industrial/retail space; one loading dock; 9-14' ceiling heights.
How can I contact the broker?
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824 Lake Michigan Dr
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