Active For Sale / Lease OfficeHealthcare

2535 5 Mile Rd NE

2535 5 Mile Rd NE, Grand Rapids, MI, 49525

ID 75d19aae

Overview

Great opportunity to own a commercial building just off the Plainfield Avenue corridor in Northeast Grand Rapids. This two-unit property offers a lot of flexibility, whether you're looking for a place to operate your own business, add an investment property to your portfolio, or do a little of both.One unit is currently occupied by a long-term tenant, giving the new owner rental income from day one. The second unit is vacant and ready to go, making it a great option for an owner-user or a new tenant.The property has plenty of parking, great visibility and signage opportunities, plus an additional garage for storage—something that's not always easy to find with commercial properties in this area.Located near the busy Plainfield Avenue commercial corridor, the property is surrounded by established businesses, neighborhoods, restaurants, shopping, and everyday services, with convenient access throughout Northeast Grand Rapids.At $389,900, this is a great chance to own a manageable, versatile commercial property with an existing tenant already in place and plenty of options for the available space. A land contract is also an option. If you’re interested, we can discuss the down payment, interest rate, payment schedule, and balloon payoff.

Available Spaces

Unit #2

Available SF
870 SF
Rate
$1,600 Month
Status
Available

Additional Information

City
Grand Rapids
State
MI
Zip Code
49525
Primary Uses
Office, Healthcare
Secondary Uses
Coworking, Data Center/Call Center, Mixed Use, Medical, Flex Space, Office Building, Financial
Zoning
C-1
Zoning Description
Neighborhood Commercial
Building Class
C
Floors
2
Year Built
1,973
Parking Spaces
20
Minimum Ceiling Height
10
Lease Type
Modified Gross
Signage
On Building and Monument
Showing
Contact Broker/Agent
Average Occupancy Rate
50%