217 28th Street Grand Rapids, MI ^$ 1,250,000

217 28th Street

^$ 1,250,000

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217 28th Street

Grand Rapids, MI, 49507

^$ 1,250,000

Studio Baths0.0 Sq 5,000

Monthly Estimate*

^$ 8,732

217 28th Street, Grand Rapids, MI 49507 - Image 1

Studio

Commercial Property for sale in Grand Rapids, MI

for $1,250,000. This 5,000 square foot building was built in 1971 on a lot size of 1.72.

First time on the market, the iconic New Beginnings restaurant is available for purchase. 5,000 SF with 1.717 acres along busy 28th Street and less than 1.5 miles from US-131. This purchase is 100% turn-key and fully equipped, ready to open day one! Over 40 parking spots on the side and back. Do not miss this opportunity to own along 28th Street.

Commercial Active

Price

^$ 1,250,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 9,883

Style

Commercial/Industrial

Lot Size

1.72

Year Built

1971

Town/City

Grand Rapids

County/Region

Kent

MLS | Web ID

70396587

Features

General

Heating Forced Air

Roof Rubber

Water Public Water Public Water at Street

Status Active Active

Year Built 1971

County Kent

Class COM/IND/BUS OPP

Type Commercial/Industrial

Percent Ownership LLC

Municipality Grand Rapids

Subdivision MI

Commercial Features Cable Internet Installed Cable TV Available Electric Available Gas Available Telephone

Area Grand Rapids (41032)

Primary City Grand Rapids

Directions 28th Street between Division & Madison

City Grand Rapids

Street Name 28th

Financial Terms Cash Conventional

Legal Description Legal in Agent Remarks

DOM 283

Postal Code 49548

Price Per Sq Ft 250

Coming Soon First time on the market the iconic New Beginnings restaurant is available for purchase. 5

Exterior

Exterior Block Brick

Frontage 105

Lot Size Area 1.72

Lot Dimensions 105 x 712

Waterfront Y/N No

Interior

Ceiling Height Less than 16 Ft.

Fuel Type Electric

* Excluded Features

List By

Peter Cachey

Listing Agent

Signature Associates Kalamazoo

Broker

pcachey@signatureassociates.com

Affordability Calculator

$9,555

Per Month

Monthly Principal & Interest: $8,732
Monthly Property Taxes: $824
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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THE TIME TO SELL IS NOW!

Nearby

Trends
Schools

Commerical listings in Grand Rapids, MI

Average List Price ^$652,161

Percent of Sale Price 48%

About Grand Rapids, MI

199,553 Population

1% Since 2002

^$43,558 Median Income

34 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/25/2024	$1,250,000		Listed Price

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217 28th Street, Grand Rapids, MI, 49507 is a Commercial Property for sale at $1,250,000 with 5,000 sqft and a lot size of 1.72. 217 28th Street is a studio with 0.0 baths and was built in 1971. The property's zip code is 49507 which is in Grand Rapids, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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217 28th Street

Commercial Property for sale in Grand Rapids, MI

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