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Opportunity Zone
1001 Division Avenue S
Office
Listing Contacts
Active
Asking Price: $997,000
Address
1001 Division Ave S, Grand Rapids, MI 49507
Show on MapDate Added
Sep 7, 2023
Days on Market
654 days
Time Since Last Update
68 days
Details
Marketing Description
Built in 1930 and renovated in the 2009, this building has ample parking and great frontage on busy division avenue. Building sits on just over half an acre. The TN-TBA zoning allows for many potential uses including live-work facility, multi-family, community center, medical, rehab facilities, churches, schools and much more. Building has been approved for cannabis testing facility / secure transport facility. Building also sits within the SouthTown corridor improvement authority development plan. Buyer/tenant to verify all facts.
Investment Highlights
- Construction/siding: Block, Wood Frame
- Exterior Description: Brick
- Parking Type: Surface
- Heat Type: Electricity, Natural Gas
- Heat Source: Central
- Air Conditioning: Engineered System
- Water Service: Municipal
- Sewer Type: Municipal
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
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Valuation Metrics
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DSCR
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Cap Rate
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ROI
Property History
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Due Diligence
Listing Contacts
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