1514 Jefferson Ave SE - Self-Storage Facilities FOR SALE


Grand Rapids, MI 49507- Madison Area
$2,200,000 USD
616-481-3868
1514 Jefferson Ave SE, Grand Rapids, MI for Sale
$2,200,000 USD
Self-Storage Facilities - FOR SALE
1/6
null | 4.86% Cap Rate

1514 Jefferson Ave SE
Grand Rapids, MI 49507
Madison Area


HIGHLIGHTS

  • climate-controlled storage
  • freight elevator access
  • on-site signage
  • strong surrounding demographics

OVERVIEW

1514 Jefferson Ave SE presents an excellent value-add opportunity in Grand Rapids, offering 37,400 RSF across 363 units on a 1.11-acre site. The property includes four floors of climate-controlled storage, freight elevator access, on-site signage, and significant growth potential at stabilized occupancy. Positioned just two miles from Downtown Grand Rapids, the site benefits from strong surrounding demographics and continued demand for infill storage solutions.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$38 USD /SF

CAP RATE

4.86%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fort Knox Storage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

1.09 AC

LAND SF

47,480 SF

ZONING

SD-IT

APN/PARCEL ID

41-18-06-177-001

ASK ABOUT THIS PROPERTY

Trent WieringaAdvantage Commercial Real Estate Services LLCMore Info
616-481-3868

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Trent WieringaAdvantage Commercial Real Estate Services LLCMore Info
616-481-3868

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.