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    1625 Alpine Ave Grand Rapids, MI 49504

    For Sale
    $539,000

    1,280 SF Retail Space, High-Traffic Location

    Property size:
    1,280 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 1,280-square-foot storefront property, located at 1625 Alpine Avenue NW in Grand Rapids, Michigan, presents a compelling investment opportunity. Priced at $539,000 ($421 per square foot), this retail space sits on a sizable 1.35-acre lot (APN 41-13-14-280-059) and is zoned for commercial use. Currently leased, the property offers a strong existing income stream with lease details available upon request. Its prime location offers excellent visibility and accessibility, boasting proximity to Bridge Street, Leonard Street, and the vibrant downtown Grand Rapids area. The property's versatility makes it ideal for a variety of businesses, including restaurants and service-oriented enterprises. Alternatively, the expansive lot size presents significant redevelopment potential for a larger-scale project. This is a rare opportunity to acquire a substantial commercial property in a thriving Michigan market. The property is situated in Kent County and has a convenient 49504 zip code.

    Property Features for 1625 Alpine Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    1,280 SF
    Lot Size
    58,806 SF

    HighLights

    • Zoned Commercial.
    • Kent County location.
    • Parcel ID/APN: 41‑13‑14‑280‑059.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Chase ATM Atm

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.6887985
    Latitude
    42.9933012

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    FAQs

    What type of property is this?
    Individual retail property - 1,280 SF Retail Space, High-Traffic Location
    Where is this individual retail property located?
    The property is located at 1625 Alpine Ave Grand Rapids, MI.
    What is the asking price?
    The asking price for this property is $539,000.
    What are key features of this property?
    This property features: Zoned Commercial.; Kent County location.; Parcel ID/APN: 41-13-14-280-059.
    Request Owner's contact information
    1625 Alpine Ave Grand Rapids, MI 49504
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    Grand Rapids, MI 49504
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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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    1625 Alpine Ave Grand Rapids, MI 49504
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