1620 Madison Avenue SE Grand Rapids, MI ^$ 950,000

1620 Madison Avenue SE

^$ 950,000

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1620 Madison Avenue SE

Grand Rapids, MI, 49507

^$ 950,000

Studio Baths2.0

Monthly Estimate*

^$ 6,636

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Studio

Commercial Property for sale in Grand Rapids, MI

for $950,000 with 2 full baths. This building was built in 2014 on a lot size of 0.09.

Prime Commercial Real Estate Opportunity in the Heart of the City Seize the opportunity to own a distinguished commercial building boasting over 4,000 square feet of versatile space. This prime property is strategically located to maximize your business visibility and accessibility. Mixed Use, Office Showroom, General Buyer to verify all measurements

Commercial Active

Price

^$ 950,000

Bedrooms

Studio

Full Bath

Property Type

Commercial

Taxes

^$ 8,060

Style

Retail/Commercial

Lot Size

0.09

Year Built

2014

Town/City

Grand Rapids

County/Region

Kent

MLS | Web ID

24012768

Features

General

Sewer Public Sewer

Utilities Storm Sewer Available Public Water Available Public Sewer Available Phone Connected Natural Gas Connected Electric Connected

Possession See Remarks

Roof Concrete

Year Built 2014

Property SubType Retail/Commercial

Tax Year 2023

Business Type Other Auto Service Professional/Office Professional Service

County Kent

New Construction N

Property Type Commercial Sale

Status Active

Directions US 131 to Hall Street SE E on Hall and S on Madison to property

City Grand Rapids

High School District Grand Rapids

Total Units 2

MLS Area Grand Rapids - G

Lot Size Square Feet 4000.0

Waterfront Y/N N

Street Name Madison

Land Lease Y/N N

Tax Annual Amount 8060.24

Lease Renewal Y/N N

MLS Area Minor Grand Rapids - G

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 38

Standard Status Active

Tax Assessed Value 142891

Legal Description See Attached Legal Description

Senior Community None

Interior

Total Fireplaces 2

Total Stories 2

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N Y

Full Baths 2

Street Suffix Avenue

Electric On Property Y/N N

Total Baths 2

Exterior

Water Source Public

Inclusions {u'Non-Applicable': True}

Lot Size Area 0.09

Number of Buildings 2

Spa N

Building Area Total 4000.0

Lot Dimensions 0

Lot Size Acres 0.09

Lot Size Units Acres

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 1620

* Excluded Features

List By

Lcb & Associates Realty

Broker

lblack@grar.com

Affordability Calculator

$7,308

Per Month

Monthly Principal & Interest: $6,636
Monthly Property Taxes: $672
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.

250213 Elementary School

249218 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/16/2024	$950,000		Listed Price

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1620 Madison Avenue SE, Grand Rapids, MI, 49507 is a Commercial Property for sale at $950,000 with a lot size of 0.09. 1620 Madison Avenue SE is a studio with 2.0 baths and was built in 2014. 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.

Listing data provided courtesy of the Internet Data Exchange Program of MichRIC, LLC

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of MichRIC, LLC. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Information Deemed Reliable But Not Guaranteed

Data is updated as of 4/27/2024.

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1620 Madison Avenue SE

Commercial Property for sale in Grand Rapids, MI

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