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1623-1635 Chicago Dr SW 23,708 SF 100% Leased Retail Building Grand Rapids, MI 49519 $1,279,290 ($53.96/SF) 10% Cap Rate
INVESTMENT HIGHLIGHTS
- Stand alone Industrial Building with a modernized showroom
- Ability to be a single tenant or multi-tenant building
- Former Hardware Store and Appliance Store
- Plenty of Parking
EXECUTIVE SUMMARY
Standalone industrial building featuring a newly updated showroom. Ample parking and multiple overhead doors provide convenient access for loading and unloading. Situated in a high-traffic area, ensuring excellent visibility and easy accessibility. Ideal for a variety of commercial uses with a mix of potential showroom and warehouse.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
23,708 SF
Building Class
C
Year Built
1945
Price
$1,279,290
Price Per SF
$53.96
Cap Rate
10%
NOI
$127,880
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
1.21
Lot Size
0.45 AC
Zoning
I-2 - Industrial
Parking
15 Spaces (0.63 Spaces per 1,000 SF Leased)
Frontage
65’ on Chicago Dr
AMENITIES
- Pylon Sign
- Signage
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Available for Sublease
Available for Sublease
Available for Sublease
| Space | Size | Space Use | Position | Available |
| B | 5,080 SF | Industrial | - | 30 Days |
| C | 7,440 SF | Industrial | - | 30 Days |
| D | 10,288 SF | Industrial | - | 30 Days |
B
| Size |
| 5,080 SF |
| Space Use |
| Industrial |
| Position |
| - |
| Available |
| 30 Days |
C
| Size |
| 7,440 SF |
| Space Use |
| Industrial |
| Position |
| - |
| Available |
| 30 Days |
D
| Size |
| 10,288 SF |
| Space Use |
| Industrial |
| Position |
| - |
| Available |
| 30 Days |
B
| Size | 5,080 SF |
| Space Use | Industrial |
| Position | - |
| Available | 30 Days |
Available for Sublease
C
| Size | 7,440 SF |
| Space Use | Industrial |
| Position | - |
| Available | 30 Days |
Available for Sublease
D
| Size | 10,288 SF |
| Space Use | Industrial |
| Position | - |
| Available | 30 Days |
Available for Sublease
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $365,700 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$365,700
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1623-1635 Chicago Dr SW
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