600 7th St NW - Apartments FOR SALE


Grand Rapids, MI 49504- West Grand
$2,100,000 USD
616-915-9080
600 7th St NW, Grand Rapids, MI for Sale
$2,100,000 USD
Apartments - FOR SALE
1/3
null | 8.12% Cap Rate

600 7th St NW
Grand Rapids, MI 49504
West Grand


HIGHLIGHTS

  • 8.1% cap rate on existing NOI
  • First floor of the 7th Street Lofts redevelopment
  • Secured long term parking with a 99-year parking agreement

OVERVIEW

Seward and 7th presents an exceptional investment opportunity with upside in the heart of Grand Rapids' thriving northwest downtown corridor. Located on the prime first floor of the historic 7th Street Lofts redevelopment, this investment property features two established tenants: Chervon, a global power tool and outdoor equipment manufacturer, and Roots Brew Shop, a community-focused coffee shop offering high-quality coffee, tea, bagels, and artisan fare. The property also has one suite available for existing tenant expansion or to lease to a third tenant.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$29 USD /SF

# OF UNITS

70

PRICE/UNIT

$30,000

CAP RATE

8.12%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7th St Lofts

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.31 AC

LAND SF

57,064 SF

ZONING

TN-TCC

APN/PARCEL ID

41-13-24-317-001,41-13-24-317-007,41-13-24-317-009,41-13-24-317-013,41-13-24-317-020,41-13-24-317-022

ASK ABOUT THIS PROPERTY

Chip BowlingBradley CompanyMore Info
616-915-9080

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

Chip BowlingBradley CompanyMore Info
616-915-9080

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