Property profile

542 Chavez Ave Sw Grand Rpd Grand Rapids, MI 49503

OFF-MARKET
Warehouses
50,710 SF
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Property summary

AI-generated overview

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 profile

Verified
Property type Warehouses
Total area 50,710 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

542 Chavez Ave Sw Grand Rpd Grand Rapids, MI 49503
Grand Rapids metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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