59 Commerce Ave SW - Bar FOR SALE


Grand Rapids, MI 49503- Downtown Grand Rapids
$799,000 USD
616-540-8216
59 Commerce Ave SW, Grand Rapids, MI for Sale
$799,000 USD
Bar - FOR SALE
1/13
null | Request Cap Rate

59 Commerce Ave SW
Grand Rapids, MI 49503
Downtown Grand Rapids


HIGHLIGHTS

  • Heavy foot traffic
  • Open floor plan
  • Close to popular spots in downtown GR

OVERVIEW

Rare Heartside District commercial ready for renovation of your new or expanding downtown enterprise. Neighbors on the block include Stella’s, Hotel Merten’s, Lambert Edwards Public Relations, The Pyramid Scheme, and more! Coming soon right next door is a unique multi-story development which rounds out the street. Within a block are two major parking ramps, market rate apartments. Within two blocks are Peppino’s, Luna, the new indoor golf facility, and Studio Park. High ceilings, receiving area with overhead door, and a recent demo providing for a blank slate. Phase 1 and survey from 2023 available, reducing closing costs and due diligence time. Kick off 2025 with the purchase of 59 Commerce!

FOR SALE DETAILS

PRICE

$799,000 USD

PRICE/SF

$160 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bar

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

CROSS STREETS

Commerce Ave and Oakes St

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

CC

APN/PARCEL ID

41-13-25-435-010

ASK ABOUT THIS PROPERTY

Shelby RenoKeller Williams Grand RapidsMore Info
616-540-8216

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Shelby RenoKeller Williams Grand RapidsMore Info
616-540-8216

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