255 28th St SW - Hospitality FOR SALE


Grand Rapids, MI 49548- Outer Kentwood/Wyoming
$5,500,000 USD
231-941-1777
255 28th St SW, Grand Rapids, MI for Sale
$5,500,000 USD
Hospitality - FOR SALE
1/10
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255 28th St SW
Grand Rapids, MI 49548
Outer Kentwood/Wyoming


HIGHLIGHTS

  • Heavy traffic location near US-131 and 28th Street
  • Opportunity to increase revenue
  • Possible conversion to multi-family

OVERVIEW

-Dual Flagged hotel in Grand Rapids one of Michigan's largest cities -Opportunity to increase revenue through weekly and extended stays -Great hands on operator for family or partners -Near Downtown

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$113 USD /SF

# OF ROOMS

75

PRICE/ROOM

$73,333 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Baymont by Wyndham Grand Rapids Near Downtown

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

5

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1969

PARKING SPACES

241

LAND DETAILS

LAND ACRES

4 AC

LAND SF

174,240 SF

ZONING

B2

APN/PARCEL ID

41-17-12-452-006

ASK ABOUT THIS PROPERTY

Gary SmithSmith Dean BurgettMore Info
231-941-1777

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Gary SmithSmith Dean BurgettMore Info
231-941-1777

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