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    40 Martin Luther King Jr St SE Grand Rapids, MI 49507

    For Sale
    $230,000

    SINGLE_FAMILY - Grand Rapids, MI

    Type:Retail
    Property size:
    595 SF
    Lot size:
    0.25 Acres
    Days on Market:
    335
    Last Refresh:
    Dec 14 at 4:06 pm

    Property Features for 40 Martin Luther King Jr St SE

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Standard status
    Active
    Rooms
    Bathroom 1
    Bathrooms
    1
    APN
    41-14-31-301-014
    Size
    595 SF
    Lot size
    0.25 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1967
    Number of units
    1
    Building materials
    Wood Siding

    Safe Passage Holdings LLC DBA...1st Advantage Realty (616) 293-2154 [email protected]

    Listing agent Rene Guzman (616) 260-8670

    Listing date Jan 14, 2025

    Copyright © 2025 Montcalm County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    High-Traffic Area Retail Opportunity

    This property presents a strategic opportunity in a high-traffic area suitable for a small business. While the existing building is modest at 595 square feet, the value is primarily in the land, which measures 0.25 acres. The location offers redevelopment or expansion possibilities. The property includes two additional parcels, identified as 41-14-31-301-013 and 41-14-31-301-018. The land is addressed as 30 Martin Luther King Jr SE and 807 Sheldon Ave SE, both in Grand Rapids, MI 49507. This property is located in Grand Rapids, Kent County, Michigan.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties

    Map

    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.666004
    Latitude
    42.948525

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    FAQs

    What type of property is this?
    Retail property - Prime location with redevelopment potential in a high-traffic area.
    Where is this retail property located?
    The property is located at 40 Martin Luther King Jr St SE Grand Rapids, MI.
    What is the asking price?
    The asking price for this property is $230,000.
    What are key features of this property?
    This property features: - Prime location in a high-traffic area.; - Valuable land with redevelopment/expansion potential.; - Includes two additional parcels (41-14-31-301-013 and 41-14-31-301-018).
    (616) 260-8670
    Request Owner's contact information
    40 Martin Luther King Jr St SE Grand Rapids, MI 49507
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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
    40 Martin Luther King Jr St SE Grand Rapids, MI 49507
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