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2838 Eastern Ave SE

Grand Rapids, MI
Floors
1
Total Size
2,900 sqft
Zoning
COMMERCIAL
Year Constructed
1966
Year Renovated
0
Building Class

About 2838 Eastern Ave SE

Martinizing Dry Cleaners operated out of this location for 47 years which is a testament to this stand-alone buildings great location. The building is located on Eastern Ave, just south of 28th St. The parcel is on the corner of Eastern Ave. & Laraway Plaza. Traffic can easily enter from Eastern Ave. or Laraway Plaza. The building is ready to be converted into a whatever commercial use the new owner has need for whether it's retail or office. There is a high traffic count and many roof tops in the area. Busy bus stop full of potential customers off of the NW corner of the property. The property also has a pylon sign with great visibility and a covered drive up port that was used for laundry drop off.

TERMS: CASH OR NEW MORTGAGE

SIGNAGE: Building,Pylon

INDIV ELECTRIC METER: Yes.

INDIV GAS METER: Yes. - Number of buildings: 1 - Tenancy: Single Tenant

Internet Providers for 2838 Eastern Ave SE

Provider Technology Max Download Speed Max Upload Speed
Comcast Cable
1 Gb/s
25 Mb/s
AT&T Michigan DSL
25 Mb/s
3 Mb/s
Iserv DSL
10 Mb/s
768 kbps
MegaPath Corporation Copper Wireline
6 Mb/s
6 Mb/s

The Market: Grand Rapids

The typical asking rate per listing is in the $20's per square foot per year. The Grand Rapids region is seeing a a boost in rates. In the last 3 months, the median rate increased $7 per sqft per year. That's a 36% rise in rent.

Compared to the rest of the Grand Rapids market, the Grand Rapids submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.

Median Rate Median Size
$25
/sqft/yr
1,860
sqft

Median Rate over Time in Grand Rapids