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3535 Lake Eastbrook Blvd SE

Grand Rapids, MI
Floors
2
Total Size
912 sqft
Zoning
COMMERCIAL
Year Constructed
1970
Year Renovated
0
Building Class

About 3535 Lake Eastbrook Blvd SE

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 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