1489 Lake Dr SE - Freestanding FOR SALE


Grand Rapids, MI 49506
$3,000,000 USD
810-941-2653
1489 Lake Dr SE, Grand Rapids, MI for Sale
$3,000,000 USD
Freestanding - FOR SALE
1/79
null | Request Cap Rate

1489 Lake Dr SE
Grand Rapids, MI 49506


OVERVIEW

**1489 Lake Dr SE, Grand Rapids, Michigan** is a fully renovated commercial property located in the heart of the bustling Eastown district. This versatile building offers a prime location for a business, with a street-level convenience store featuring ample foot traffic and excellent visibility. The store has been updated within the last 10 years, ensuring modern amenities and a clean, professional environment for customers. Above the commercial space is a beautifully renovated 2-bedroom, 2-bath condo, perfect for an owner-occupant or as a rental income opportunity. The condo boasts contemporary finishes, updated appliances, and an open-concept living space, blending comfort with modern style. With everything upgraded within the past decade, this property is move-in and business-ready, offering an ideal investment in one of Grand Rapids’ most vibrant and thriving areas.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$531 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Smitty's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2011

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

CROSS STREETS

Lake Dr and Wealthy Street

LAND ACRES

0.15 AC

LAND SF

6,638 SF

ZONING

TN-TBA

APN/PARCEL ID

41-14-29-482-010,41-14-29-482-011

ASK ABOUT THIS PROPERTY

Thomas DadoCommunity Choice RealtyMore Info
810-941-2653

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Thomas DadoCommunity Choice RealtyMore Info
810-941-2653

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.