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    345 Lake Michigan Dr Grand Rapids, MI 49534

    For Sale
    $1,790,000

    Versatile retail/service facility available early 2024, great location.

    Property size:
    16,000 SF
    Lot size:
    1.78 Acres

    Property Features for 345 Lake Michigan Dr

    General Information

    Size
    16,000 SF
    Lot size
    1.78 Acres

    Source: NAI Wisinski of West Michigan Agent Stuart Kingma, SIOR

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail/Service Facility on Lake Michigan

    Located at 345 Lake Michigan Dr, this 16,000 square foot property has been used as a boat retailer and service facility. Due to the previous occupant's expansion, the facility will be available in early 2024. The property features floor-to-ceiling windows, clear span construction, and a well-lit interior showroom. It includes a parts warehouse, a retail marine store, and five service bays at the rear of the building. The facility is equipped with eight overhead doors for access. The property can be adapted for various uses and businesses. Note: The property will be deed-restricted against boat sales and service.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Showrooms

    Suggested Use

    Realty agency Law Firm Spa & Massage Dental Office Gym & Fitness Auto Repair Shop Building Supply Accounting Firm Daycare Center Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.813492
    Latitude
    42.972803

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    FAQs

    What type of property is this?
    Automotive property - Versatile retail/service facility available early 2024, great location.
    Where is this automotive property located?
    The property is located at 345 Lake Michigan Dr Grand Rapids, MI.
    What is the asking price?
    The asking price for this property is $1,790,000.
    What are key features of this property?
    This property features: - Clear span construction allows for flexible interior layouts.; - Eight overhead doors provide excellent accessibility.; - **Well-lit interior showroom with floor-to-ceiling windows.**
    (616) 581-5000
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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
    345 Lake Michigan Dr Grand Rapids, MI 49534
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