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59 Commerce Avenue Southwest Grand Rapids, MI 49503

Sponsored
For Sale
$799,000

Downtown Grand Rapids investment opportunity. Renovation ready.

Property size:
4,545 SF

Description

Added:
Jan 8, 2025
Days on Market:
363
This exceptional 4,545 square foot commercial property, located at 59 Commerce Avenue Southwest in Grand Rapids, MI 49503, presents a unique opportunity for investors and businesses seeking a prime location in the vibrant Heartside District. The building offers high ceilings and a receiving area complete with an overhead door. A recent demolition has left the space a blank slate, ready for immediate customization to suit your needs. A 2023 Phase 1 environmental site assessment and survey are available, significantly reducing closing costs and due diligence time. This will allow for a smooth and efficient transition into ownership. The property's strategic location offers unparalleled access to thriving businesses and amenities. Neighboring establishments include Stella's Lounge, Hotel Mertens, Lambert Edwards Public Relations, and The Pyramid Scheme. A new multi-story development is planned for the adjacent lot, further enhancing the area's appeal and potential for growth. Within a single block, you'll find two convenient parking ramps and market-rate apartments. Within two blocks, enjoy the proximity to Peppino's, Luna, a new indoor golf facility, and Studio Park. The 0.12-acre lot provides ample space for future expansion or outdoor amenities. This is a chance to acquire a highly desirable commercial property in a rapidly developing area, poised for significant return on investment. Purchase 59 Commerce and begin your 2025 project today. The asking price is $799,000.

Property Features for 59 Commerce Avenue Southwest

General Information

Property type
Other investment properties
Square Feet
4,545 SF
Price / Square Foot
$175
Class
C
Elevators
N/A
Lot Size
5,227 SF

Building Details

Year Built
1920

HighLights

  • 4,545 square foot commercial space in Grand Rapids' Heartside District, ideal for renovation.
  • Prime location near popular restaurants, hotels, and entertainment venues.
  • Phase 1 survey from 2023 available, streamlining the purchase process.
Location Intelligence

Current Use by Public Records

Ford Tree Service Tree Service

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
Grand Rapids
State
Michigan
Longitude
-85.669475
Latitude
42.961543

FAQs

What type of property is this?
Investment property - Downtown Grand Rapids investment opportunity. Renovation ready.
Where is this investment property located?
The property is located at 59 Commerce Avenue Southwest Grand Rapids, MI.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 4,545 square foot commercial space in Grand Rapids' Heartside District, ideal for renovation.; Prime location near popular restaurants, hotels, and entertainment venues.; Phase 1 survey from 2023 available, streamlining the purchase process.
More about this property
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