827 Bridge StGrand Rapids, MI 49504

  • Commercial real estate
  • 4,900 SF
For Lease
$12/SF/YR View listing

Property Details for 827 Bridge St

Year built
1965
Lot size
0.14 AC
Property size (Sq ft)
4,900 SF
Zone code
TN-TBA
Property type
Commercial real estate
APN
41-13-23-482-020
APU
411323482020

Description

This exceptional retail investment opportunity encompasses a three-building portfolio totaling 10,242 square feet situated on a 0.47-acre lot in Grand Rapids, Michigan's Northwest Business District. The property, located at 827, 829, and 831 Bridge Street, is zoned COMMERCIAL and classified as Class C. Currently, there is 9,042 square feet of vacant space available for lease, offering significant potential for immediate income generation. Individual spaces range from a minimum of 1,156 square feet to a maximum contiguous space of 3,771 square feet, providing flexibility for various retail concepts. The portfolio features a total of 18 parking spaces, ensuring ample convenience for tenants and customers. The single-story buildings offer excellent visibility and accessibility in a thriving commercial area. This is an ideal opportunity for investors seeking a multi-tenant retail property with significant upside potential in a desirable Grand Rapids location. The property's location within the Northwest Business District provides easy access to major thoroughfares and a strong customer base. With its substantial vacant space and flexible unit sizes, this portfolio presents a unique chance to shape the future of this vibrant commercial area. The Kent County location offers a stable market and strong potential for growth. Contact us today to learn more about this exciting investment opportunity.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,024,374
    Hospitality
    $938,321
    Educational
    $780,672
    Medical
    $807,520
    Retail
    $1,214,379
827 Bridge St, Grand Rapids, Michigan

Location Insight

City
Grand Rapids
County
Kent
State
Michigan
Latitude
42.9711
Longitude
-85.6888
CBSA code
24340
CBSA name
GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2021
$3,709
-
-
$207,000
-
-
-
$414,000

FAQs

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