538 Eastern Ave SE - Office FOR SALE


Grand Rapids, MI 49503- Baxter
$549,000 USD
616-698-5000
538 Eastern Ave SE, Grand Rapids, MI for Sale
$549,000 USD
Office - FOR SALE
1/10
null | Request Cap Rate

538 Eastern Ave SE
Grand Rapids, MI 49503
Baxter


HIGHLIGHTS

  • Convenient access to US-131, I-196, and Downtown Grand Rapids.
  • Flexible office and workshop configuration supports multiple business types.
  • Includes a private executive office with dedicated restroom.
  • Shop area is complemented by functional workspace improvements.
  • 10-foot overhead door supports equipment and vehicle access.
  • Built-in gathering area provides additional employee or client space.

OVERVIEW

538 Eastern Ave SE presents an opportunity to acquire a commercial service property positioned just south of Wealthy Street in Grand Rapids. The building offers a flexible configuration that supports a variety of owner-user and investor objectives, combining office functionality with operational and workshop components. Its location along Eastern Avenue provides convenient access to Downtown Grand Rapids while maintaining connectivity to US-131 and I-196, supporting efficient movement throughout the region. The property includes dedicated office areas, a private executive office with an attached restroom, workshop space, and a larger shop area that can accommodate a range of commercial operations. A built-in bar area provides additional employee or client gathering space, while a 10-foot overhead door supports equipment, vehicle, and material access. The combination of administrative and operational areas creates flexibility for service-oriented businesses, contractors, trades, light industrial users, creative production groups, and other commercial occupiers seeking a centralized location. Grand Rapids continues to serve as one of West Michigan's primary business centers, benefiting from a diverse economy supported by healthcare, manufacturing, professional services, education, and technology employers. The property's proximity to downtown amenities, established neighborhoods, and major transportation routes enhances accessibility for employees, customers, and vendors. The adaptable layout and functional improvements position the asset as a practical option for businesses seeking ownership and long-term control of their operating location.

FOR SALE DETAILS

PRICE

$549,000 USD

PRICE/SF

$85 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,215 SF

ZONING

TN-TBA

APN/PARCEL ID

41-14-32-107-046

ASK ABOUT THIS PROPERTY

Ty HallockFirst Companies Inc.More Info
616-698-5000

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Ty HallockFirst Companies Inc.More Info
616-698-5000

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