1675 Michigan Street NE, BUSINESS & RE, Grand Rapids, MI 49503 (MLS# 24035700)

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1675 Michigan Street NE, BUSINESS & RE, Grand Rapids, MI 49503

$3,000,000
Property Type: Commercial Sale Square Footage: 16,398 Lot Size (sq. ft.): 44,997 Status: Active
Current Price: $3,000,000 List Date: 7/12/2024 Last Modified: 10/14/2024

Description

Business and Real Estate for sale. Long standing electrical company. Sale comes with Real Estate, all rental income, FFE, lead and client lists, Inventory which includes work vans, fork lift, extensive tools and parts in storage. Owner negotiable to onboarding/ training. All showings require 24-hour notice for tenants, Occupancy subject to Tenant's rights. Currently Unit G will be available August first. Real Estate and business can be sold separately.

More Information MLS# 24035700

Location Property Info

County: Kent Street #: 1675 Street Name: Michigan Suffix: Street Post Direction: NE State: MI Zip Code: 49503 Area: Grand Rapids - G

OfficeContract Info

Status: Active Current Price: $3,000,000 List Price: $3,000,000 Listing Date: 2024-07-10

General Property Info

New Construction: No Lot Measurement: Acres Lot Acres: 1.03 Lot Square Footage: 44997 Lot Dimensions: 150 x 295 Year Built: 1955 Road Frontage: 150 Total # Units: 7 # Fin Bldg Lvls: 1 Total # Bldgs: 1 Total SqFt: 16398 Total Net SqFt: 16398 Property Use Type: Business Waterfront: No School District: Grand Rapids

Tax Info

Tax ID #: 411421351004 Taxable Value: 493467 SEV: 735800 For Tax Year: 2024 Annual Property Tax: 24464 Tax Year: 2023 Spec Assessment & Type: none known Zoning: SD-NOS

Remarks Misc

Directions: Take Fuller Avenue south to Martin Luther King Drive turn west, building will be on the right

Additional Details

Grd Lvl OH Doors: 4 Ceiling Height: 10

SqFt Information

Total Bldg SqFt (Gro: 16398

Business Opportunity

Business Description: Professional Service Business Name: Webb Electric Real Estate Value ($): 2000000

Property Features

Property Use: Business; Investment Uses: Distribution; Professional Service; Storage Ownership: LLC Business Includes: Inventory; Real Estate Construction Type: Block Exterior Material: Block; Concrete Roofing: Rubber Below Grade: None Sewer: Public Water: Public Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected Util Avail at St: Broadband; Cable Available; Electricity Available; Natural Gas Available; Phone Available; Public Sewer; Public Water Heat Source: Natural Gas Heat Type: Outdoor Furnace Air Conditioning: Central Air Purchase Terms Avail: Cash; Conventional Sale Conditions: None Send to Econ Dev Org: MEDC
Listing Office: Signature Associates Kalamazoo
Listing Agent: Peter Cachey
Last Updated: October - 14 - 2024
1675 Michigan Street NE, BUSINESS & RE, Grand Rapids, MI 49503- MLS# 24035700
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