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830 28th St SW 19,540 SF Retail Building Grand Rapids, MI 49509 $3,000,000 ($153.53/SF) 7.05% Cap Rate
INVESTMENT HIGHLIGHTS
- Heavy Traffic Counts
- Superior renovation.
- Monument Sign
EXECUTIVE SUMMARY
Former grocery store now available for sale located on 28th Street SW at the corner with Clyde Park Ave. Located adjacent to Rogers Plaza and 28 West apartments. Join Save A Lot, Aldi, Flowerland, Planet Fitness, Harbor Freight, McDonald's and Goodwill in this high traffic corridor. Great opportunity for owner/user.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
19,540 SF
Building Class
B
Year Built/Renovated
1951/2020
Price
$3,000,000
Price Per SF
$153.53
Cap Rate
7.05%
NOI
$211,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.44
Lot Size
1.02 AC
Zoning
FBC - Form-Based Zoning Code
Parking
63 Spaces (3.22 Spaces per 1,000 SF Leased)
Frontage
102’ on 28th St
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 41-17-14-201-011 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $654,300 |
PROPERTY TAXES
Parcel Number
41-17-14-201-011
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$654,300
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830 28th St SW
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