4000 Remembrance RdWalker, MI 49534

Property Details for 4000 Remembrance Rd

Year built

1940

Lot size

1.00 AC

Property size (Sq ft)

8,521 SF

Zone code

ORP

Property type

Commercial real estate

APN

41-13-18-228-008

APU

411318228008

Description

This exceptional investment opportunity presents a five-unit commercial building situated on a one-acre lot at 4000 Remembrance Road NW in Walker, MI. Currently, two units are leased: a flower shop generating $1,200 per month in rent and a commercial kitchen bringing in $1,350 monthly. This translates to a current combined monthly income of $2,550. The property boasts significant upside potential with three additional vacant units ready for immediate occupancy. These include a second commercial kitchen and two updated office spaces, offering a total potential monthly rental income of $9,150. The building is equipped with modern amenities designed to attract tenants, including newer three-phase ground-run power, a dual 23-foot hood system, two walk-in coolers, and an 8x6 freezer. Further enhancing its appeal are updated plumbing and gutters, a commercial water heater, a dishwashing system, and a substantial 2,000 square-foot storage area complete with bay doors. Both office spaces have undergone recent renovations. The building is fully compliant with all applicable codes and regulations, making it an ideal investment for immediate income generation and future growth. A separate business is also available for purchase via a land contract. The building has a floor load capacity of 1 ton. Priced at $739,900.

• Alternative Use

  Use

  Valuation

  Residential

  $1,781,365

  Hospitality

  $1,631,721

  Educational

  $1,357,573

  Medical

  $1,404,262

  Retail

  $2,111,780

Location Insight

City

Grand Rapids

County

Kent

State

Michigan

Latitude

43.001

Longitude

-85.7679

CBSA code

24340

CBSA name

GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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