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22 Crescent St. NE 22 Crescent St 5 Unit Apartment Building $2,037,000 CAD ($407,400 CAD/Unit) Grand Rapids, MI 49503
Executive Summary
Redevelopment or Investment Opportunity in Downtown Grand Rapids
Prime mixed-use building with the opportunity for redevelopment in a highly sought-after downtown location. This four-story property includes five fully equipped residential units and a flexible main-floor office space with kitchen, full bath, washer/dryer and 4 parking spaces.
Located near hospitals, research facilities, and the medical mile, this property's position supports both residential and commercial growth strategies. Reach out for additional details and to schedule a private showing.
Prime mixed-use building with the opportunity for redevelopment in a highly sought-after downtown location. This four-story property includes five fully equipped residential units and a flexible main-floor office space with kitchen, full bath, washer/dryer and 4 parking spaces.
Located near hospitals, research facilities, and the medical mile, this property's position supports both residential and commercial growth strategies. Reach out for additional details and to schedule a private showing.
Property Facts
| Price | $2,037,000 CAD | Building Class | C |
| Price Per Unit | $407,400 CAD | Lot Size | 0.08 AC |
| Sale Type | Investment | Building Size | 4,500 SF |
| Sale Condition | Redevelopment Project | Average Occupancy | 85% |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1910 |
| Property Subtype | Apartment | Parking Ratio | 1.17/1,000 SF |
| Apartment Style | Mid-Rise | ||
| Zoning | TN-City Center - DH-1. The purpose of this subarea is to permit the greatest intensity of land use to create a core of development density for a wide variety of uses | ||
| Price | $2,037,000 CAD |
| Price Per Unit | $407,400 CAD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 4,500 SF |
| Average Occupancy | 85% |
| No. Stories | 3 |
| Year Built | 1910 |
| Parking Ratio | 1.17/1,000 SF |
| Zoning | TN-City Center - DH-1. The purpose of this subarea is to permit the greatest intensity of land use to create a core of development density for a wide variety of uses |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Heating
- Kitchen
- High Speed Internet Access
- Oven
- Views
- Carpet
- Wi-Fi
- Breakfast Nook
Site Amenities
- 24 Hour Access
- Controlled Access
- Furnished Units Available
- Community-Wide WiFi
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | 475 |
| 1+1 | 2 | - | 500 |
| 2+2 | 1 | - | 800 |
1 1
Very walkable
80/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 41-14-30-106-001 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $450,584 CAD |
Property Taxes
Parcel Number
41-14-30-106-001
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$450,584 CAD
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22 Crescent St. NE | 22 Crescent St
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