4000 Remembrance Rd NW Grand Rapids, MI 49534
For Sale
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Property summary
This exceptional investment opportunity presents a five-unit commercial building situated on a one-acre lot at 4000 Remembrance Road NW in Walker, MI. Currently, two units are leased: a flower shop generating $1,200 per month in rent and a commercial kitchen bringing in $1,350 monthly. This translates to a current combined monthly income of $2,550. The property boasts significant upside potential with three additional vacant units ready for immediate occupancy. These include a second commercial kitchen and two updated office spaces, offering a total potential monthly rental income of $9,150. The building is equipped with modern amenities designed to attract tenants, including newer three-phase ground-run power, a dual 23-foot hood system, two walk-in coolers, and an 8x6 freezer. Further enhancing its appeal are updated plumbing and gutters, a commercial water heater, a dishwashing system, and a substantial 2,000 square-foot storage area complete with bay doors. Both office spaces have undergone recent renovations. The building is fully compliant with all applicable codes and regulations, making it an ideal investment for immediate income generation and future growth. A separate business is also available for purchase via a land contract. The building has a floor load capacity of 1 ton. Priced at $739,900.
Property profile
VerifiedCap rate & NOI
Current use
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Take-out & Catering Catering Service
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Charitable Organization Social Service Agency
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Bakery Specialty Food Shop
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Accounting Firm Tax Preparation
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2021Property description
Physical attributes from public recordsZoning & alternative use
ORP · Grand Rapids, MIZoning
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Zoning designation
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