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Recently remodeled inside and out. Very unique. Located on Lake Eastbrook with fantastic views. Close to shopping, restaurants and highways. Could be live/work, retail, service or various other commercial uses. Rubber roof. On-site parking, including one covered space. Current tenants (The Leslie Studio and Battjes Realty) are month-to-month and have been there for over twenty years.
Owner will consider a land contract with the following terms: - 20% down - 6% interest - 30 year amortization - 10 year pay off - Parking description: 6 total spaces, 1 of which is covered. - Area description: Lots of shopping, restaurants in the immediate vicinity, plus very close to highways. - Number of buildings: 1 - Building condition: Good - Tenancy: Multiple Tenants
The typical asking rate per listing is in the $10's per square foot per year. The Grand Rapids submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 4% decline 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 undervalued submarket.
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