17 Main StGrant, MI 49327

Property Details for 17 Main St

Lot size

0.08 AC

Property size (Sq ft)

2,142 SF

Zone code

LOCAL ZONE

Property type

Retail properties

Property subtype

Turn key restaurants

APN

22-24-128-012

APU

2224128012

Description

This exceptional 2,142 square foot industrial property, located at 17 W Main in Grant, Michigan, presents a unique investment opportunity. Currently configured as a restaurant, this versatile space boasts significant recent electrical upgrades, including commercial-grade hoods and specialized equipment, such as a corn tortilla maker. The existing setup offers a seamless transition for a similar culinary business, or the space could be easily adapted to suit a variety of other industrial or commercial uses. The property sits on a conveniently sized 0.08-acre lot, providing ample space for operations and potential expansion. The asking price is $320,000, and flexible terms are available for qualified buyers. A significant advantage is the potential to acquire the adjacent property at 21 W Main Street as a package deal, offering substantial expansion possibilities or the opportunity to create a synergistic business model. This prime location in Grant, MI offers excellent visibility and accessibility, making it an ideal choice for entrepreneurs and investors seeking a profitable venture. Serious inquiries are encouraged to explore the full potential of this remarkable property and the possibility of a combined purchase. The property is ready for immediate occupancy and offers a strong return on investment. Don't miss this chance to own a piece of Grant's vibrant commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $575,095

  6.5%

  $530,857

  7%

  $492,939

• Comparable approach

  Method

  Valuation

  Relative Method

  $703,069

  Geo Method

  $703,069

• Alternative Use

  Use

  Valuation

  Residential

  $447,798

  Hospitality

  $410,180

  Educational

  $341,265

  Medical

  $353,002

  Retail

  $530,857

Location Insight

City

Grant

County

Newaygo

State

Michigan

Latitude

43.3353

Longitude

-85.811

CBSA code

24340

CBSA name

GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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