2041 Eastern AveGrand Rapids, MI 49507

Property Details for 2041 Eastern Ave

Year built

1994

Lot size

0.08 AC

Property size (Sq ft)

387 SF

Zone code

TN-TBA

Property type

Commercial real estate

APN

41-18-07-227-036

APU

411807227036

Description

This exceptional 387-square-foot retail property presents a unique investment opportunity in Grand Rapids, Michigan. Situated on a 0.7-acre lot at 2041 Eastern Ave SE, 49507, this single-tenant building enjoys a high-visibility location directly in front of a bustling retail center, ensuring significant foot and vehicle traffic. The property's ideal location just south of Burton Street in the Grand Rapids submarket of Kent County makes it exceptionally well-suited for a variety of drive-thru businesses. Potential uses include, but are not limited to, a coffee shop, bank/ATM, fast-food restaurant, bakery, smoothie shop, pharmacy, liquor store, medical facility, or ice cream parlor. The current monthly rent is $1,500, plus common area maintenance charges. This property offers a compelling combination of prime location, convenient size, and strong potential for rental income, making it an attractive investment for discerning buyers seeking a high-return opportunity in a thriving market. The property's classification as retail with a drive-thru subtype underscores its versatility and adaptability to a range of commercial enterprises. Its strategic placement within a busy retail hub guarantees high visibility and accessibility, maximizing its potential for success. This is a rare opportunity to acquire a well-positioned, income-generating property in a desirable Grand Rapids location.

• Alternative Use

  Use

  Valuation

  Residential

  $80,905

  Hospitality

  $74,108

  Educational

  $61,657

  Medical

  $63,778

  Retail

  $95,911

Location Insight

City

Grand Rapids

County

Kent

State

Michigan

Latitude

42.9259

Longitude

-85.6482

CBSA code

24340

CBSA name

GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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