Pantheon Commercial is proud to present the opportunity to acquire One Oakes, a historical mixed use property in downtown Grand Rapids, MI. Built in 1911, the property is comprised of 12 residential units and three retail units on the lower level. Located on the corner of Oakes Street and Division Avenue, providing easy access to Downtown Grand Rapids’ entertainment district and many amenities. One Oakes contains approximately 15,556 square feet of gross leasable area (GLA). The three first floor retail units 4,621 square feet of the GLA, and are fully occupied on long term leases. Mos Eisley’s occupies the corner suite, and has been a staple of the Grand Rapids Tattoo scene for many years. Decaydence Vintage and Pure Vanity occupy the remaining two retail suites, (1,764SF and 785SF respectively). All retail Tenants are on long term triple net leases. The residential portion of the property consists of 12 units, ranging in size from 650 square feet to 1,340 square feet and consist of both one and two bedroom units. The property has shown strong historical occupancy, and as of 5/1/2024 the property is currently 100% occupied. There have been several upgrades to the property in recent years, including new coin operated laundry, a vapor mitigation system, and several HVAC upgrades. The windows on the property do need to be replaced, however, the Seller will provide a credit at close to the Buyer towards replacement of the windows. Broker can provide additional information as needed. The property also includes both indoor and outdoor off street private parking. This is an excellent opportunity to acquire a fantastic mixed use asset in a strong market. There are still opportunities for a potential buyer to add value on this asset through increased rents and upgrades on the property.