$235,000
Exclusive Off-Market Commercial Opportunity with Redevelopment Plans in Central Grand Rapids
We are delighted to present a unique commercial property located at 1713 Madison Ave SE, Grand Rapids, Michigan 49507,.
This exceptional investment opportunity is nestled in the heart of West Michigan's vibrant commercial landscape, offering both current utility and future growth potential thanks to the redevelopment plans.
Property Photos & Proposed Plans: https://drive.
google.
com/drive/folders/1TCGZsTURgFL2judpiCWlza1AzjMTB9l7?usp=share_link
Property Highlights:
Address: 1713 Madison Ave SE, Grand Rapids, MI 49507
Market Area: West Michigan, within the dynamic Grand Rapids-Wyoming, MI CBSA
Subdivision: Reynolds & Franklin S Addition, signifying growth and opportunity
Legal Description: LOT 3 BLK 2* Reynolds & Franklin S Addition
APN/Parcel ID: 41-18-06-329-021
County: Kent, a commercial expansion hub
Land Use: Commercial (NEC), offering versatile usage possibilities
State: Michigan, known for its business-friendly environment
Tax Year: 2022, Assessed Year: 2023
Lot Size: 0.
132 acres, ample for various commercial ventures
Census Code: 003700
Submarket: Central Grand Rapids, known for economic vitality
Total Square Footage: 2,272 sq ft, spacious for multiple business needs
Sale Price: $235,000, an attractive offer for prime real estate
Current Configuration & Approved Redevelopment Plans: The existing building hosts 1 commercial unit on the ground floor and 1 residential unit above, providing the possibility for rental income or use opportunities.
Excitingly, this property comes with redevelopment plans to expand into 6 residential units, comprising 4 one-bedroom apartments and 2 studio apartments.
This redevelopment opportunity offers significant value-add potential, transforming the property into a predominantly residential building that caters to the high demand for living spaces in Grand Rapids.
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