1353 Kalamazoo Ave SE, Grand Rapids, MI 49507
For Sale
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This exceptional mixed-use building, located at 1353 Kalamazoo Ave SE in Grand Rapids, Michigan, presents a compelling investment opportunity. The 4,095 square foot property, built in 1910 and renovated in 1960, sits on a 0.18-acre lot (APN 411805131014) and is zoned TN-TBA. The two-story structure boasts a desirable location within the Boston Square neighborhood, a key area of Grand Rapids Amplify 2.0's revitalization efforts. The building features ample street parking and convenient dual ingress/egress points. Significant recent upgrades include a new furnace (2017), new AC/HVAC, a tankless water heater, and a new roof (2018), the latter still covered by a 15-year transferable warranty. The upper level comprises two 2-bedroom, 1-bathroom units; one is currently vacant, and the other is occupied. This versatile property is ideal for a variety of uses, including a cafe, restaurant, clothing store, or a live/work arrangement, making it an attractive option for both owner-occupants and investors. The asking price is $650,000, translating to $158.73 per square foot. This presents a rare chance to acquire a well-maintained, updated property in a rapidly developing area of Grand Rapids.
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The Boston House Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2021Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
TN-TBA · Grand Rapids, MIGrand Rapids. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.