Mixed-Use Property with
For Sale
$850,000
827 829 Bridge St, Grand Rapids, MI 49504
Commercial space combines storefront exposure, office amenities, an upper-level apartment, and a detached garage.
Property Size6,436 SF
Days on Market107
Property Features for 827 829 Bridge St
General Information
Standard status
Active
Size
6,436 SF
Property subtype
Retail - Street Retail
Site & Location
Neighborhood
John Ball Park
Amenities
storefront windows
reception area
conference room
kitchen
communal workspaces
recreational space
detached garage
Building Details
Building Size
6,436 SF
Listing Agency:
NorthStar Commercial
Listed By:
Jake Domanski
(616) 375-1680
Source:
Commercialcafe
Added: Jul 10
Changed: Oct 18
Last Checked: Oct 24 at 1:32PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NorthStar Commercial
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1961, this 5,307-square-foot mixed-use property combines commercial space with an apartment above. The main level includes storefront windows, reception space, a conference room, kitchen, shared work areas, and recreational space. A detached garage contributes storage and operational utility, with additional on-site parking also provided.
The property occupies the Bridge Street corridor at 827 & 829 Bridge St NW in Grand Rapids, Michigan. Bridge Street Market, Adobe, Butchers Union, New Holland Brewing, and other neighborhood businesses are located less than half a mile away. Zoning is listed as TBA.
The property occupies the Bridge Street corridor at 827 & 829 Bridge St NW in Grand Rapids, Michigan. Bridge Street Market, Adobe, Butchers Union, New Holland Brewing, and other neighborhood businesses are located less than half a mile away. Zoning is listed as TBA.
Key Highlights
- 5,307‑square‑foot mixed‑use property at 827 & 829 Bridge St NW
- Commercial space with storefront windows, reception area, conference room, kitchen, communal workspaces, and recreational space
- Apartment located above the commercial area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,053
Cap Rate
8.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,421,060
$1.4M
Cap Rate 7%
$1,015,043
$1.0M
Cap Rate 9%
$789,478
$789.5K
Market Conditions
NOI Build-Up for 6,436 SF
Gross rent
$123.6K $19.20/SF
− Vacancy
−$9.9K −$1.54/SF
EGI
$113.7K $17.66/SF
− OpEx
−$42.6K −$6.62/SF
NOI
$71.1K $11.04/SF
Area
Grand Rapids, MI
Vacancy
8.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,421,060
Cap Rate 7%
$1,015,043
Cap Rate 9%
$789,478
Alternative Uses
Best Use
Retail
$1.33M
$1.17M – $1.55M
NOI $93,295 @ 7.0% cap · market cap 10.98%
Second Best
Mixed Use
$1.02M
$888.2K – $1.18M
NOI $71,053 @ 7.0% cap · market cap 8.36%
Theoretical Best
Specialty Retail
$1.49M
$1.31M – $1.74M
NOI $104,553 @ 7.0% cap · market cap 12.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
912
Businesses Nearby
Explore this area
Business Placement
Demographics for 49504, MI
41,249
Population
18,830
Households
2.2
Avg Household Size
33
Median Age
39%
College-Educated
90%
High-School Grad
11.1 sq mi
ZIP Area
3,716
Density / Sq Mi
$68,326
Median Household Income
$41,138
Median Earnings
$1,145
Median Rent
$222,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial space combines storefront exposure, office amenities, an upper-level apartment, and a detached garage.
Where is this mixed-use property located?
The property is located at 827 829 Bridge St Grand Rapids, MI.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 5,307‑square‑foot mixed‑use property at 827 & 829 Bridge St NW; Commercial space with storefront windows, reception area, conference room, kitchen, communal workspaces, and recreational space; Apartment located above the commercial area
