802 Merritt Street SE, Grand Rapids, MI 49507
- Added:
- Mar 31, 2026
- Days on Market:
- 76
- Last Refresh:
- Jun 14 at 7:06 pm
Property Features for 802 Merritt Street SE
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 2
- Rooms
- Bathroom 2, Basement, Bathroom 1
- Interior features
- Broadband
- Standard status
- Pending
- APN
- 41-18-08-103-001
- Size
- 1,392 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOT 108* FAIRFAX ADDITION
- Tax Annual Amount
- 2947
Utilities
- Utilities
- Cable Available
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1930
- Number of units
- 6
- Building materials
- Aluminum Siding
- Roof type
- Composition
Listing agent Rhiannon McCalmont (616) 570-2265
Listing office 616 Realty LLC 1171 Plainfield Ave NE, Grand Rapids, MI (616) 272-3707
Listing date Mar 31, 2026
Copyright © 2026 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.
HighLights
- Zoned residential with approved commercial variance: Offers flexibility for homeowners, entrepreneurs, or investors
- Prime location in Alger Heights: Situated in a vibrant, accessible neighborhood near local shops and dining
- 3 bedrooms, 2 full baths: Provides comfortable living space
- Central Air: Ensures comfortable climate control
- Broadband Available: Supports modern connectivity needs
- Year Built 1930: Character and established construction
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 | $30.6k | $21.96 |
| − Vacancy | −$1.7k | −$1.25 |
| EGI | $28.8k | $20.71 |
| − OpEx | −$8.6k | −$6.21 |
| NOI | $20.2k | $14.50 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Grand Rapids
- County
- Kent
- State
- Michigan
- Longitude
- -85.647759
- Latitude
- 42.926211
