Property profile

3420 Remembrance NW Rd Grand Rapids, MI 49534

OFF-MARKET
Commercial real estate
Property ID
US43-1365545
2,309 SF 1.17 ac lot Built 1980
Trust Owned 18-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 3420 Remembrance in Walker, Michigan, presents a unique investment opportunity. Built in 1980 as the First Michigan Bank, this 2,309 square foot building boasts a rich history and impressive features. The property, situated on a 1.17-acre lot, offers significant visibility and accessibility. The interior features a spacious main area, perfect for a variety of uses, complemented by three private offices, a convenient breakroom, a large fireplace adding character and warmth, and a dedicated conference room for private meetings. A significant feature is the original bank vault, still intact within the building, offering unique storage or display possibilities. Exterior amenities include ample parking spaces to accommodate clients and staff, a convenient drive-thru for streamlined operations, a storage shed for additional space, and a well-maintained underground sprinkler system for landscaping. This property is ideal for businesses seeking a prominent location with character and functionality. The combination of historical significance, modern amenities, and generous outdoor space makes this a truly exceptional commercial offering. The property's size and features offer significant potential for a variety of commercial ventures. The ample parking and drive-thru are particularly advantageous for businesses requiring high client traffic. The existing infrastructure and well-maintained grounds contribute to the overall appeal and functionality of this property.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1980
Total area 2,309 SF
Lot 1.17 ac (50,965 SF)
Zoning code C-1
APN 41-13-17-454-005
UPID US43-1365545

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Real Estate Agency

Location

3420 Remembrance NW Rd Grand Rapids, MI 49534-2206
Grand Rapids metro Census 11602 GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$370k

Owner & transaction history

since 2008
2 recorded transactions
2008
Price N/A
2007
Price N/A

Zoning & alternative use

C-1 · Grand Rapids, MI

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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