Excellent Investment Opportunity - 3 Unit Commercial Bldg

5318-5330 S Division Ave Grand Rapids, MI 49548

FOR SALE
Property Type:
Street Retail
Amount:
$595,000
Last Verified:
Mar 02, 2021

Highlights

  • Fully leased units
  • Financials available
  • Upside potential
  • High Traffic location
  • Close to Home Depot
  • 1/2 mile to US 131
  • Great visibility
  • Roof sealed annually
  • New HVAC

Description

Excellent Investment opportunity! Highly visible commercial, 3-unit building in close proximity to US131 For Sale. Close to Home Depot on high traffic Division Ave on the 52nd St Corridor. Units are fully leased. Roof is sealed annually and there is a new HVAC system. Add this commercial building with 3 units to your investment portfolio today. Financials available.

S Division between 44th & 54th streets

Building Size: 15000sq ft
Lot Size: 0 acres

Map of 5318-5330 S Division Ave, Grand Rapids, MI, 49548

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.