824 Lake Michigan Drive NW Grand Rapids, MI ^$ 800,000

824 Lake Michigan Drive NW

^$ 800,000

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824 Lake Michigan Drive NW

Grand Rapids, MI, 49504

^$ 800,000

Studio Baths5.0

Monthly Estimate*

^$ 5,317

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Studio

Commercial Property for sale in Grand Rapids, MI

for $800,000 with 5 full baths. This building was built in 1923 on a lot size of 0.31.

Great investment opportunity on the west side of Grand Rapids. Corner lot commercial/Industrial/Multi-Family opportunity! Stand Alone building with three apartments upstairs, fenced yard, open commercial/industrial/retail space. Great owner user and redevelopment opportunity. All showings must be during normal business hours M-F 10am-4:00pm. Contact Listing agent to show property. Showings to be during Business hours only M-F 10am-4pm and by appointment. Possible Sat showings by Appointment.

Commercial Active

Price

^$ 800,000

Bedrooms

Studio

Full Bath

Property Type

Commercial

Taxes

^$ 5,428

Style

Retail/Commercial

Lot Size

0.31

Year Built

1923

Town/City

Grand Rapids

County/Region

Kent

MLS | Web ID

23000066

Features

General

Sewer Public Sewer

Cooling Central Air

Utilities Phone Available Storm Sewer Available Public Water Available Public Sewer Available Natural Gas Available Electric Available Cable Available Broadband Available Phone Connected Natural Gas Connected

Possession Negotiable

Roof Rubber

Construction Materials Wood Siding Brick Block

Year Built 1923

Township City of Grand Rapids

Property SubType Retail/Commercial

Tax Year 2022

Business Type Other Distribution Storage Retail Manufacturing

County Kent

Operating Expense 5400.0

New Construction N

Property Type Commercial Sale

Attached Garage N

Building Features Expandable Fenced Storage Multi User Facility

Status Active

Directions W of US131 on Lake Michigan Drive. Property at corner of Indiana and Lake Michigan Dr. S side of road

City Grand Rapids

High School District Grand Rapids

Zoning Description TBA

Total Units 4

MLS Area Grand Rapids - G

Lot Size Square Feet 13591.0

Waterfront Y/N N

Street Name Lake Michigan

Land Lease Y/N N

Tax Annual Amount 5428.19

Lease Renewal Y/N N

MLS Area Minor Grand Rapids - G

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Availability Date 2023-04-01

Days on Market 672

Standard Status Active

Occupancy Type Owner

Tax Assessed Value 102728

Ownership Type LLC

Legal Description S 94 FT OF LOTS 5 & 6 BLK 2 & S 94 FT OF W 40 FT OF LOT 4 BLK 2* SHEPARD S ADDITION

Senior Community None

Interior

Basement Partial

Total Fireplaces 1

Total Stories 10455

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Full Baths 5

Street Suffix Drive

Electric On Property Y/N N

Total Baths 5

Exterior

Parking Features Concrete Driveway Gravel

Water Source Public

Inclusions {u'Non-Applicable': True}

Lot Size Area 0.31

Foundation Details Slab Concrete Perimeter

Number of Buildings 1

Spa N

Building Area Total 10455.0

Lot Dimensions 142X94

Lot Size Acres 0.31

Lot Size Units Acres

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 824

* Excluded Features

List By

Gantos Group Llc

Broker

mike@gantosgroup.com

Affordability Calculator

$5,769

Per Month

Monthly Principal & Interest: $5,317
Monthly Property Taxes: $452
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Grand Rapids, MI

Average List Price ^$661,792

Percent of Sale Price 17%

About Grand Rapids, MI

199,553 Population

1% Since 2002

^$43,558 Median Income

34 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

250213 Elementary School

249218 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/1/2023	$800,000	-11.10%	Price Down
1/2/2023	$899,900		Listed Price

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824 Lake Michigan Drive NW, Grand Rapids, MI, 49504 is a Commercial Property for sale at $800,000 with a lot size of 0.31. 824 Lake Michigan Drive NW is a studio with 5.0 baths and was built in 1923. The property's zip code is 49504 which is in Grand Rapids, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of MichRIC, LLC

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of MichRIC, LLC. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Information Deemed Reliable But Not Guaranteed

Data is updated as of 5/24/2024.

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824 Lake Michigan Drive NW

Commercial Property for sale in Grand Rapids, MI

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