1850 28Th StGrandville, MI 49508

Property Details for 1850 28Th St

Year built

1988

Lot size

3.61 AC

Property type

Commercial real estate

Description

This exceptional Grandville, MI commercial property presents a lucrative investment opportunity. Located on desirable 28th Street SE, boasting 3.61 acres of land, this property offers significant potential. Currently housing a fully leased automotive retail business generating a substantial monthly gross lease income of $15,500, this translates to an approximate 7.35% capitalization rate at the asking price of $1,850,000. The property enjoys excellent visibility with frontage on 28th Street, situated conveniently between Kalamazoo Avenue and Breton Avenue, and directly across from the Indian Trails Golf Course. A significant portion of the land remains undeveloped, presenting a unique opportunity for expansion or the addition of complementary ventures. An environmental assessment completed in 2020 revealed no necessary corrective actions. The seller is open to considering all reasonable offers. Detailed lease information and further environmental documentation are available upon request. Schedule a viewing today to explore the possibilities of this prime commercial real estate investment. This property offers a blend of immediate income generation and substantial future growth potential. Don't miss this chance to acquire a well-located, high-performing asset in a thriving market.

Location Insight

City

Grandville

County

Kent

State

Michigan

Latitude

42.9121

Longitude

-85.6226

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