MLS# 25016435 – 1850 28th Street Se, Grand Rapids, MI 49508

Share
$1,599,000 - Br/Ba - for Sale in Grand Rapids
Price: $1,599,000
Building Size SqFt: 20,340
Lot Size Acres: 3.61
Lot Size SqFt: 157,034
Status: Active
Property Type: Industrial
Year Built: 1988
Days on Website: 118

Courtesy of Bialik Real Estate LLC, Nathaniel R Bialik.

Property Description

Great opportunity for a fully leased automotive retail Grand Rapids commercial property with unused land area for possible additional venture/expansion. A Suite could be available for Owner Operator! Approximately 9% cap rate at current asking price. Seller will look at any reasonable offer. Desirable 28th Street frontage across from Indian Trails Golf course between Kalamazoo Ave and Breton. Call for lease info, environmental info, and to schedule a tour. Current monthly gross lease total of $15,500. Environmental done 2020: no corrective actions necessary.

Open House

Property Details and Features

  • Property Access
  • Road Surface Type: “Paved”
  • Building
  • Building Area Total: 20,340
  • Construction Materials: “Block”
  • Number Of Buildings: 1
  • Number Of Units Total: 6
  • Year Built: 1988
  • 20340 total stories
  • Expenses
  • Maintenance Expense: $2,400
  • Operating Expense: $41,988
  • Insurance Expense: $3,800
  • Heating
  • Heating: “Radiant”
  • Heating Included
  • Income
  • Gross Income: $186,000
  • Net Operating Income: $136,412
  • Listing
  • Listing Contract Date: 2025-04-19
  • Listing Id: 25016435
  • Listing Terms: “Conventional”, “Cash”
  • Mls Status: Active
  • Modification Timestamp: 2025-04-24 19:24:27
  • On Market Date: 2025-04-19
  • Standard Status: Active
  • Status Change Timestamp: 2025-04-19 17:45:03
  • 118 days on market
  • Location
  • City: Grand Rapids
  • State Or Province: MI
  • County Or Parish: Kent
  • Postal Code: 49508
  • MLS Area Major: Grand Rapids – G
  • MLS Area Minor: Grand Rapids – G
  • Lot
  • 3.61 acres
  • Area: 3.61
  • Dimensions: see map
  • 157,034 square feet
  • Parking
  • Parking Total: 50
  • Property
  • Business Type: “Other”, “Auto Service”, “Professional Service”, “Storage”, “Retail”
  • Parcel Number: 41-18-16-126-005
  • Property Sub Type: Industrial
  • Schools
  • Middle Or Junior School District: Grand Rapids
  • Taxes
  • Annual Amount: $30,928
  • Tax Year: 2024
  • Utilities
  • Utilities: “Phone Available”, “Natural Gas Available”, “Electricity Available”, “Phone Connected”, “Natural Gas Connected”, “Electricity Connected”

Property Map

$1,599,000 – 1850 28th Street Se, Grand Rapids, MI 49508

Street View

Nearby Schools

Print Options

Select the items on the page that you would like to print. This "Print Options" block will not be printed.

Main Photo Main Details Property Description Property Features
Additional Photos Addtl Photos Size Location Map Schools