Mixed-Use Building with
New
For Sale
$449,900
831 Fuller Avenue NE, Grand Rapids, MI 49503
Commercial Sale, Grand Rapids, MI
Property Size4,312 SF
Lot Size0.37 Acres
Price / SF$104.34
Days on Market3
Property Features for 831 Fuller Avenue NE
General Information
Property type
Commercial Sale
Property subtype
Office
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bathroom 2, Bathroom 3, Bathroom 1, Basement
Parking
9
Interior features
Broadband
Elementary school district
Grand Rapids
Middle school district
Grand Rapids
High school district
Grand Rapids
Directions
Michigan St NE to NORTH on Fuller Ave NE to the building located on the WEST side of the street.
Standard status
Active
APN
41-14-20-328-015
Size
4,312 SF
Lot size
0.37 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOTS 37 & 38* HARLEY PIERCE S SUBDIVISION* OF BLK 13 STEWART S ADDITION
Tax Annual Amount
6629
Legal Description
LOTS 37 & 38* HARLEY PIERCE S SUBDIVISION* OF BLK 13 STEWART S ADDITION
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1958
Floors in Building
3
Number of units
2
Building materials
Vinyl Siding, Brick
Roof type
Composition
Listing Agency:
Keller Williams GR North · Keller Williams Realty
(616) 447-9100
Listed By:
Tammy Jo Budzynski · License #6506043034
(616) 287-3162
Added: Oct 13
Last Checked: Oct 15 at 2:06AM
MLS# 26054582
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.
Investment Insights
Based on property information with market context.
This three-level mixed-use property contains more than 1,500 square feet of main-floor office space, over 1,200 square feet on the lower level, and an upper-floor apartment measuring more than 1,500 square feet. The residence has three bedrooms and two full bathrooms. The building totals 4,312 square feet and includes nine dedicated parking spaces and an attached two-stall garage.
Improvements include a new roof, air conditioning, windows, and interior renovations. Built in 1958, the property sits on a 0.37-acre parcel in Grand Rapids. Additional features include broadband, forced-air heating, central air, and cable availability.
Improvements include a new roof, air conditioning, windows, and interior renovations. Built in 1958, the property sits on a 0.37-acre parcel in Grand Rapids. Additional features include broadband, forced-air heating, central air, and cable availability.
Key Highlights
- 4,312‑square‑foot mixed‑use property on 0.37 acres
- Main‑floor office space exceeds 1,500 square feet, with over 1,200 square feet on the lower level
- Upper‑level apartment measures over 1,500 square feet and has 3 bedrooms and 2 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,302
Cap Rate
8.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$806,040
$806.0K
Cap Rate 7%
$575,743
$575.7K
Cap Rate 9%
$447,800
$447.8K
Market Conditions
NOI Build-Up for 4,312 SF
Gross rent
$69.3K $16.08/SF
− Vacancy
−$15.6K −$3.62/SF
EGI
$53.7K $12.46/SF
− OpEx
−$13.4K −$3.12/SF
NOI
$40.3K $9.35/SF
Area
Grand Rapids, MI
Vacancy
22.50%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$806,040
Cap Rate 7%
$575,743
Cap Rate 9%
$447,800
Alternative Uses
Best Use
Mixed Use
$680.1K
$595.1K – $793.4K
NOI $47,604 @ 7.0% cap · market cap 10.58%
Second Best
Office B
$575.7K
$503.8K – $671.7K
NOI $40,302 @ 7.0% cap · market cap 8.96%
Theoretical Best
Specialty Retail
$1.00M
$875.6K – $1.17M
NOI $70,048 @ 7.0% cap · market cap 15.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
812
Businesses Nearby
Explore this area
Business Placement
Demographics for 49503, MI
39,344
Population
19,017
Households
2.1
Avg Household Size
30
Median Age
44%
College-Educated
88%
High-School Grad
7.3 sq mi
ZIP Area
5,390
Density / Sq Mi
$61,734
Median Household Income
$36,694
Median Earnings
$1,207
Median Rent
$224,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial office areas share the property with an upper-level residence and on-site parking.
Where is this mixed-use property located?
The property is located at 831 Fuller Avenue NE Grand Rapids, MI.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: 4,312‑square‑foot mixed‑use property on 0.37 acres; Main‑floor office space exceeds 1,500 square feet, with over 1,200 square feet on the lower level; Upper‑level apartment measures over 1,500 square feet and has 3 bedrooms and 2 full bathrooms
