3060 Madison Ave SE - Service FOR SALE


Grand Rapids, MI 49548- Outer Kentwood/Wyoming
$1,400,000 USD
616-699-5088
3060 Madison Ave SE, Grand Rapids, MI for Sale
$1,400,000 USD
Service - FOR SALE
1/21
null | 9.82% Cap Rate

3060 Madison Ave SE
Grand Rapids, MI 49548
Outer Kentwood/Wyoming


HIGHLIGHTS

  • Easy to lease
  • High Traffic Industrial area
  • Close to expressway

OVERVIEW

Over the past two years, I have improved the rents and replaced several Tenants. This project is now stabilized and will be easy to manage, with my continued assistance for the future. The largest space in the building has a month-to-month tenant that has been in place for a decade or so.  The business is for sale, and as of right now, they don't want to commit to a long-term lease.  I have a lot of interest in the space, but I want to allow an owner-occupant to buy the building. I have that space listed for $9/SF on a NNN lease, and have calculated the income from that space at $7.50/SF, as that price is fairly easy to achieve. The owner would be willing to Seller-Finance with a strong buyer and adequate terms.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$91 USD /SF

CAP RATE

9.82%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Service

ADD'L SUBTYPES

undefined, Showroom, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

14 Ft

DOCKS

1

DRIVE INS

1

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.93

LAND SF

40,511

ZONING

B-2

APN/PARCEL ID

41-18-18-251-001

ASK ABOUT THIS PROPERTY

Patrick MohneyBlue Rock Commercial Real EstateMore Info
616-699-5088

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Patrick MohneyBlue Rock Commercial Real EstateMore Info
616-699-5088

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