810 17 Mile RdCedar Springs, MI 49319

Property Details for 810 17 Mile Rd

Lot size

2.90 AC

Property size (Sq ft)

5,040 SF

Zone code

HC

Property type

Retail space

Property subtype

Storefront properties

APN

41-02-32-101-001

APU

410232101001

Description

This exceptional industrial property, located at 810 17 Mile Road NE in Cedar Springs, Michigan, presents a compelling investment opportunity. The 5,040-square-foot warehouse building sits on a generous 2.9-acre lot, offering ample space for operations and potential expansion. The property's convenient location between Kent City and Cedar Springs provides easy access to major transportation arteries, including M-37 and US-131. The building itself is comprised of both office and warehouse space. The office area boasts recently updated features, including new carpeting and paint, multiple private offices, a restroom, and a complete kitchen/breakroom. The warehouse section features impressive 12-foot ceiling heights and convenient access via a man door. The property is currently vacant, presenting a blank canvas for a new tenant or owner-occupier. The asking price is $395,000, translating to a price per square foot of $78.37. The property's parcel number (APN) is 41-02-32-101-001. This is a net lease property. This property is ideal for businesses seeking a functional and well-located warehouse space with convenient office amenities. The combination of size, location, and features makes this an attractive proposition for a wide range of industrial users. Don't miss this chance to acquire a prime industrial asset in a thriving Michigan market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,353,165

  6.5%

  $1,249,075

  7%

  $1,159,856

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,654,279

  Geo Method

  $1,654,279

• Alternative Use

  Use

  Valuation

  Residential

  $1,053,642

  Hospitality

  $965,130

  Educational

  $802,977

  Medical

  $830,592

  Retail

  $1,249,075

Location Insight

City

Cedar Springs

County

Kent

State

Michigan

Latitude

43.2189

Longitude

-85.65

CBSA code

24340

CBSA name

GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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