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Investment Highlights
- Convenient access to US-131, I-196, and Downtown Grand Rapids.
- Includes a private executive office with dedicated restroom.
- 10-foot overhead door supports equipment and vehicle access.
- Flexible office and workshop configuration supports multiple business types.
- Shop area is complemented by functional workspace improvements.
- Built-in gathering area provides additional employee or client space.
Executive Summary
538 Eastern Ave SE presents an opportunity to acquire a commercial service property positioned just south of Wealthy Street in Grand Rapids. The building offers a flexible configuration that supports a variety of owner-user and investor objectives, combining office functionality with operational and workshop components. Its location along Eastern Avenue provides convenient access to Downtown Grand Rapids while maintaining connectivity to US-131 and I-196, supporting efficient movement throughout the region.
The property includes dedicated office areas, a private executive office with an attached restroom, workshop space, and a larger shop area that can accommodate a range of commercial operations. A built-in bar area provides additional employee or client gathering space, while a 10-foot overhead door supports equipment, vehicle, and material access. The combination of administrative and operational areas creates flexibility for service-oriented businesses, contractors, trades, light industrial users, creative production groups, and other commercial occupiers seeking a centralized location.
Grand Rapids continues to serve as one of West Michigan's primary business centers, benefiting from a diverse economy supported by healthcare, manufacturing, professional services, education, and technology employers. The property's proximity to downtown amenities, established neighborhoods, and major transportation routes enhances accessibility for employees, customers, and vendors. The adaptable layout and functional improvements position the asset as a practical option for businesses seeking ownership and long-term control of their operating location.
The property includes dedicated office areas, a private executive office with an attached restroom, workshop space, and a larger shop area that can accommodate a range of commercial operations. A built-in bar area provides additional employee or client gathering space, while a 10-foot overhead door supports equipment, vehicle, and material access. The combination of administrative and operational areas creates flexibility for service-oriented businesses, contractors, trades, light industrial users, creative production groups, and other commercial occupiers seeking a centralized location.
Grand Rapids continues to serve as one of West Michigan's primary business centers, benefiting from a diverse economy supported by healthcare, manufacturing, professional services, education, and technology employers. The property's proximity to downtown amenities, established neighborhoods, and major transportation routes enhances accessibility for employees, customers, and vendors. The adaptable layout and functional improvements position the asset as a practical option for businesses seeking ownership and long-term control of their operating location.
Property Facts
Sale Type
Owner User
Property Type
Office
Building Size
6,486 SF
Building Class
C
Year Built
1991
Price
$549,000
Price Per SF
$84.64
Tenancy
Single
Building Height
1 Story
Typical Floor Size
6,486 SF
Building FAR
0.29
Lot Size
0.51 AC
Opportunity Zone
Yes
Zoning
TN-TBA - Business District
Parking
15 Spaces (2.31 Spaces per 1,000 SF Leased)
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Moderately walkable
70/100
Moderately drivable
60/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 41-14-32-107-046 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $69,900 |
Property Taxes
Parcel Number
41-14-32-107-046
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$69,900
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538 Eastern Ave SE



