$634,900
Grand Rapids, MI 49534
MLS# 25054795
8446 sqft
1 / 51
Property Description
Excellent Investment Opportunity! This versatile commercial property offers strong income potential with five rentable units, currently generating $5,900 per month and a total potential income of $9,900 per month when fully leased. The building is equipped with a dual 23' hood system (included in the sale), while other equipment — such as coolers, freezers, and commercial appliances — may be negotiated separately. Additional features include two updated office spaces, a 2,000 sq. ft. storage area with bay doors, commercial water heater, dishwashing system, updated plumbing, and newer gutters. Fully up to code and ready for additional tenants, this property provides excellent flexibility for investors or business owners looking to expand their portfolio. A separate business opportunity is also available, with land contract options for qualified buyers.
Details
Maps
Location Property Info
County: Kent
Street #: 4000
Street Name: Remembrance
Suffix: Road
Post Direction: NW
State: MI
Zip Code: 49534
Zip (4): 7589
Area: Grand Rapids - G
OfficeContract Info
Status: Active
Current Price: $634,900
List Price: $634,900
Listing Date: 2025-10-24
General Property Info
New Construction: No
Lot Measurement: Acres
Lot Acres: 1
Lot Square Footage: 43560
Lot Dimensions: 166x44x125x196x155
Year Built: 1940
Road Frontage: 210
Total # Units: 5
# Fin Bldg Lvls: 8521
Total # Bldgs: 1
Total SqFt: 8446
Property Use Type: Business
Full Baths: 5
Waterfront: No
School District: Kenowa Hills
Tax Info
Tax ID #: 41-13-18-228-008
Taxable Value: 218948
SEV: 280300
For Tax Year: 2024
Seller's Annual Property Tax: 10094
Tax Year: 2024
Spec Assessment & Type: None Known
Zoning: ORP
Remarks Misc
Directions: Head east on I-96 E from Muskegon toward Grand Rapids, and continue for about 30 miles. Take Exit 26B for M-11 W/Wilson Ave toward Walker. Merge onto Wilson Ave NW and continue for about 1.2 miles. Turn right onto Remembrance Rd NW and continue for about 1.5 miles. Your destination will be on the right.
Additional Details
Grd Lvl OH Doors: 1
Floor Load: 1
Power/Phase: 3 Phase - Ground Run
Waterfront Options
Water Access Y/N: No
Property Features
Property Use: Business; Investment; Vacant/Owner-User
Uses: Bar/Tavern/Lounge; Distribution; Professional Service; Professional/Office; Restaurant; Retail; Storage
Ownership: LLC
Business Includes: Equipment; Real Estate
Construction Type: Block; Frame/Wood
Exterior Material: Block; Brick; Stone; Vinyl Siding
Roofing: Composition; Rubber; Other
Additional Features: Multi User Facility
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected; Natural Gas Connected
Util Avail at St: Cable Available; High Speed Internet; Phone Available
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Driveway: Gravel; Unpaved
Street Type: Private
Purchase Terms Avail: Cash; Conventional
Docs Req Conf Agrmnt: Environmental Reports
Sale Conditions: None
Possession: Close Of Escrow
Listing Office: Legacy Real Estate Partners
Listing Agent: Terry Puffer
Last Updated: January - 15 - 2026
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