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    1620 Madison Ave SE Grand Rapids, MI 49507

    For Sale
    $900,000

    COMMERCIAL - Grand Rapids, MI

    Type:Retail
    Property size:
    4,000 SF
    Lot size:
    0.09 Acres
    Days on Market:
    280
    Last Refresh:
    Dec 14 at 12:06 pm

    Property Features for 1620 Madison Ave SE

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2
    Bathrooms
    2
    APN
    41-18-06-401-025
    Size
    4,000 SF
    Lot size
    0.09 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    2014
    Floors in Building
    2
    Number of units
    2

    LCB & Associates Realty (616) 485-2795

    Listing agent Latasha Black (616) 485-2795

    Listing date Mar 10, 2025

    Copyright © 2025 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Versatile Commercial Building in Grand Rapids

    This commercial building offers over 4,000 square feet of versatile space in a strategic location. The property is situated in Grand Rapids, Michigan, specifically within Kent County, and is suitable for mixed-use, office, or showroom purposes. The property's location is intended to maximize business visibility and accessibility. The lot size is 0.09 acres. Buyers are advised to independently verify all measurements.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.658109
    Latitude
    42.934079

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    FAQs

    What type of property is this?
    Retail property - Prime commercial property with 4,000+ sqft in a strategic location.
    Where is this retail property located?
    The property is located at 1620 Madison Ave SE Grand Rapids, MI.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: - Prime commercial real estate opportunity.; - Boasting over 4,000 square feet of versatile space.; - Strategically located for maximum business visibility.
    (616) 485-2795
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1620 Madison Ave SE Grand Rapids, MI 49507
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