435 28th Street Grand Rapids, MI ^$ 499,000

435 28th Street

^$ 499,000

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435 28th Street

Grand Rapids, MI, 49548

^$ 499,000

Studio Baths0.0 Sq 3,192

Monthly Estimate*

^$ 3,486

435 28th Street, Grand Rapids, MI 49548 - Image 1

435 28th Street, Grand Rapids, MI 49548 - Image 2

435 28th Street, Grand Rapids, MI 49548 - Image 3

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Studio

Commercial Property for sale in Grand Rapids, MI

for $499,000. This 3,192 square foot building was built in 1987 on a lot size of 1.13.

Prime redevelopment location on 28th Street just east of US 131 and Madison Avenue. Current self-serve car wash site (not operational) will be demolished 3/1/2024. Possible uses: car wash, drive in or through for food service, fuel station, medical or office building, child care, etc. Text listing Agent with question. Survey attached. Buyer's agent or buyer to verify the accuracy of all information provided. LAND CONTRACT TERMS; $75,000. down, 8.75% interest, monthly payment $4,500., 5 year payoff.Seller to approve the purchasers credit and history. After 3/1/2024, property to be offered as vacant land only.

Commercial Active

Price

^$ 499,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 5,900

Style

Commercial/Industrial

Lot Size

1.13

Year Built

1987

Town/City

Grand Rapids

County/Region

Kent

MLS | Web ID

70311254

Features

General

Heating None

Possession At Close

Roof Metal

Water Public Water

Status Active Active

Year Built 1987

Parking 21+ Spaces

County Kent

Class COM/IND/BUS OPP

Type Commercial/Industrial

Municipality Grand Rapids

Subdivision MI

Commercial Features Gas Available

Area UPDATE

Primary City Grand Rapids

Directions 400 block of 28th Street SE

City Grand Rapids

Street Name 28th

Financial Terms Cash Conventional Land Contract

Legal Description See attached

DOM 229

Postal Code 49548

Price Per Sq Ft 156.33

Coming Soon Prime redevelopment location on 28th Street just east of US 131 and Madison Avenue. Current self-serve car wash site (not operational) will be demolished 3/1/2024. Possible uses: car wash

Exterior

Exterior Block

Frontage 145

Lot Size Area 1.13

Lot Dimensions 145 x 340

Waterfront Y/N No

* Excluded Features

List By

Robert Ortiz

Listing Agent

Coldwell Banker Ajs (Casc)

Broker

sbortiz@aol.com

Affordability Calculator

$3,977

Per Month

Monthly Principal & Interest: $3,486
Monthly Property Taxes: $492
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

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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Nearby

Trends
Schools

Commerical listings in Grand Rapids, MI

Average List Price ^$652,161

Percent of Sale Price 31%

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
10/4/2023	$499,000	-9.27%	Price Down
8/8/2023	$550,000	-8.32%	Price Down
6/27/2023	$599,900	-6.99%	Price Down
5/8/2023	$645,000		Listed Price

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435 28th Street, Grand Rapids, MI, 49548 is a Commercial Property for sale at $499,000 with 3,192 sqft and a lot size of 1.13. 435 28th Street is a studio with 0.0 baths and was built in 1987. The property's zip code is 49548 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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435 28th Street

Commercial Property for sale in Grand Rapids, MI

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