465 Fuller AveGrand Rapids, MI 49503

  • Other commercial real estate
  • 4,490 SF
For Sale
$1,775,000 View listing

Property Details for 465 Fuller Ave

Year built
1969
Lot size
0.77 AC
Property size (Sq ft)
4,490 SF
Zone code
TN-TBA
Property type
Other commercial real estate
APN
41-14-20-381-010
APU
411420381010

Description

This exceptional investment opportunity presents a 4,500 square foot retail building situated at 465 Fuller Ave NE in Grand Rapids, Michigan. The property boasts a highly desirable location just off I-196, providing convenient access to downtown Grand Rapids and the Medical Mile. The building is currently 100% occupied by three tenants, anchored by a high-performing Starbucks with a drive-thru. This contributes to a strong, consistent income stream. The property's strategic placement on Fuller Avenue NE ensures high visibility and significant traffic counts, maximizing exposure for all tenants. The zoning designation is .77. The parcel number (APN) is 41-14-20-381-010. This Net Lease, Owner/User investment opportunity is priced at $1,775,000 and is classified as a shopping center. The property's strong tenant mix, prime location, and high traffic volume make it an attractive investment for discerning buyers seeking a stable and profitable retail asset in a thriving market. The property is located in Kent County, Michigan, with a zip code of 49503. The geographic coordinates are latitude 42.971839 and longitude -85.640145.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $938,661
    Hospitality
    $859,808
    Educational
    $715,350
    Medical
    $739,952
    Retail
    $1,112,767
465 Fuller Ave, Grand Rapids, Michigan
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Location Insight

City
Grand Rapids
County
Kent
State
Michigan
Latitude
42.9718
Longitude
-85.6401
CBSA code
24340
CBSA name
GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2021
$31,342
-
-
$772,200
-
-
-
$1,544,400

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