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    542 Chavez Ave Sw Grand Rpd Grand Rapids, MI 49503

    Sponsored
    For Sale
    $2,650,000

    50,710 SF, Multi-Tenant, Redevelopment Potential

    Property size:
    50,710 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Exceptional investment opportunity in Grand Rapids, MI, encompassing 1.76 acres with frontage on three streets: Cesar Chavez, Pleasant, and Grant. This portfolio consists of two buildings totaling 50,710 square feet. Building 1, a 38,230 square foot multi-tenant industrial structure, offers significant potential. Building 2, a recently updated 12,480 square foot mixed-use building, adds versatility. The property also includes three vacant land lots, presenting prime redevelopment opportunities. Its strategic location on the outskirts of downtown Grand Rapids, in Kent County, provides excellent access and visibility. The asking price for this unique portfolio is $2,650,000. This is a rare chance to acquire a substantial industrial holding with significant upside potential, ideal for investors seeking a multi-faceted project with strong redevelopment prospects. The property is located at 542, 570, 600, 602, and 606 Cesar E. Chavez Ave SW, Grand Rapids, MI 49503.

    Property Features for 542 Chavez Ave Sw Grand Rpd

    General Information

    Property type
    Distribution properties
    Square Feet
    50,710 SF

    Building Details

    Buildings
    2

    HighLights

    • Exceptional redevelopment opportunity in Grand Rapids, MI.
    • 1.76‑acre site with triple street frontage on Cesar Chavez, Pleasant, and Grant Avenues.
    • Two‑building portfolio totaling 50,710 square feet; includes a 38,230 SF multi‑tenant industrial building and a 12,480 SF recently updated mixed‑use building.
    • Prime downtown Grand Rapids location in Kent County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Map

    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.676205947249
    Latitude
    42.953153474619

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    FAQs

    What type of property is this?
    Distribution property - 50,710 SF, Multi-Tenant, Redevelopment Potential
    Where is this distribution property located?
    The property is located at 542 Chavez Ave Sw Grand Rpd Grand Rapids, MI.
    What is the asking price?
    The asking price for this property is $2,650,000.
    What are key features of this property?
    This property features: Exceptional redevelopment opportunity in Grand Rapids, MI.; 1.76-acre site with triple street frontage on Cesar Chavez, Pleasant, and Grant Avenues.; Two-building portfolio totaling 50,710 square feet; includes a 38,230 SF multi-tenant industrial building and a 12,480 SF recently updated mixed-use building.
    Request Owner's contact information
    542 Chavez Ave Sw Grand Rpd Grand Rapids, MI 49503
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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

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    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
    542 Chavez Ave Sw Grand Rpd Grand Rapids, MI 49503
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