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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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4000 Remembrance Rd NW , Grand Rapids, MI 49534
$584,900
Est. Payment: $1,299.78/mo
0 Bed
5 Bath
8446 Sqft
Status: Active | Days on site: 193
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House 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.

Highlights

Listed by Terry Puffer , 231-855-5001 Legacy Real Estate Partners , 616-402-3595.

Property Type

Commercial Sale

Lot/Acreage
1

Year Built

1940

County

Kent

Area

Grand Rapids - G

School District

Kenowa Hills

Listing ID

25054795

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:5
  • Full Bathrooms:5
Air Cond:Central Air
Fireplaces:
Other:
  • Additional:Broadband

Exterior Features

Roof:Composition,Rubber
Principal Interest
$1,300
Taxes
$841

Home Price

$584,900

Loan Details

30 yrs
%

Down Payment

20%
$116,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,299.78

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,299.78 $841.17 $0.00 $2,140.94
Yearly $15,597.33 $10,094.00 $0.00 $25,691.33
Total $467,920.00 $302,820.00 $0.00 $770,740.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Grand Rapids, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.