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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
0.83
Lot Size
0.66 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
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $336,800 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$336,800
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