1620 Madison Ave SE, Grand Rapids, MI 49507
Mixed-use commercial building with showroom and office space available for purchase.
- Added:
- Mar 11, 2026
- Days on Market:
- 118
- Last Refresh:
- Jul 2 at 8:44 am
Property Features for 1620 Madison Ave SE
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Lot size
- 0.09 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 2014
Listing office LCB & Associates Realty (616) 485-2795
Listing date Mar 11, 2026
Source Elliman
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HighLights
- Prime commercial real estate opportunity.
- Located in the heart of the city.
- Over 4,000 square feet of versatile space.
- Strategically located to maximize business visibility and accessibility.
- Mixed Use, Office Showroom, General zoning.
- Year Built: 2014
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $87.8k | $21.96 |
| − Vacancy | −$5.0k | −$1.25 |
| EGI | $82.8k | $20.71 |
| − OpEx | −$24.8k | −$6.21 |
| NOI | $58.0k | $14.50 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Grand Rapids
- County
- Kent
- State
- Michigan
- Longitude
- -85.6581
- Latitude
- 42.934
