4500 Remembrance NW Rd Grand Rapids, MI 49534-1122
- Commercial real estate
- 9,120 SF
- 9.10 lot acres
Jun 05, 2024
Current Use by Public Records
- Walker RV Storage / Storage Facility
- InstaCar / Car Dealership
Property Details for 4500 Remembrance NW Rd
- Year built
- 1987
- Lot size
- 9.10 lot acres
- Property size
- 9,120 SF
- Zone code
- C-4
- Property type
- Commercial real estate
- APN
- 41-13-07-176-009
- APU
- 411307176009
Description
This exceptional commercial property, located at 4500 Remembrance Rd NW, Grand Rapids, MI 49534, presents a unique investment opportunity. The single-tenant building boasts a substantial 9,120 square feet of space, ideally suited for a variety of retail or automotive uses. Built in 1987, the property sits on a generous 8.92 acres of land, providing ample room for expansion or additional development. The zoning is Commercial, allowing for flexibility in potential uses. The building features office space and overhead doors, catering to the needs of a diverse range of businesses. Parking is a significant advantage, with capacity for 88 vehicles, ensuring convenient access for customers and employees. Extensive storage space is also available on-site. The property's strategic location near Wilson Ave and its proximity to major highways ensures high visibility and accessibility, contributing to its strong potential for success. The property's APN is 411307176009. This is a prime opportunity in the Walker submarket of Grand Rapids, Michigan. The property is conveniently located near major transportation routes, ensuring easy access for customers and employees. No elevators are present in the building.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $811,000
- AI Estimate
- $811,000
Market price range: $401k - $1.26MMarket price range: $401k - $1.26M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $800,000 Current use
- RETAIL STORES
- $740,000 Change: -7% Conversion: Easy
- OFFICE BUILDING
- $700,000 Change: -13% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Grand Rapids
- County
- Kent
- State
- Michigan
- Longitude
- -85.7816
- Latitude
- 43.01
- CBSA code
- 24340
- CBSA name
- GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA