$5,800,000
$595,000
874.8%For more information regarding the value of a property, please contact us for a free consultation.
2 Baths
2,700 SqFt
SOLD DATE : 04/21/2025
Key Details
Sold Price $5,800,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 2,700 sqft
Price per Sqft $2,148
Municipality City of Grand Rapids
MLS Listing ID 25012190
Sold Date 04/21/25
Full Baths 2
Year Built 1900
Annual Tax Amount $7,372
Tax Year 2024
Lot Size 2,614 Sqft
Acres 0.06
Lot Dimensions 75x32
Property Sub-Type Retail
Property Description
A rare mixed-use building located in Eastown, Grand Rapids, featuring two distinct units:
✖️Residential Unit: A spacious 3-bedroom, 1-bathroom apartment with a rooftop deck.
✖️Commercial Unit: Currently leased to Scorpion Coffee, offering a well-designed space with a side yard patio.
Situated in the heart of Eastown, one of Grand Rapids' most vibrant neighborhoods, the area is known for its historic architecture, walkability, and diverse mix of local businesses. Nearby, you'll find popular spots like Terra GR, The Electric Cheetah, Harmony Brewing Company, Yesterdog, and Wolfgang's Restaurant, along with a variety of boutiques and community spaces.
✖️pro forma Cap Rate: ~8.9%.
Location
State MI
County Kent
Area Grand Rapids - G
Direction Wealthy & Fuller
Interior
Heating Forced Air
Exterior
Utilities Available Cable Available, Natural Gas Connected, Electricity Connected
View Y/N No
Building
New Construction No
Schools
School District Grand Rapids
Others
Tax ID 41-14-29-380-032
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
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Bought with RE/MAX of Grand Rapids (FH)
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