Log In/Sign Up
Your email has been sent.
407 Turner NW (lease options-425 Turner) 2 Properties Offered at $4,514,900 CAD in Grand Rapids, MI
Investment Highlights
- - Approximately 60 on-site parking spaces
- - Excellent access to downtown Grand Rapids and surrounding neighborhoods
- - Flexible, open layout with redevelopment potential
- - Strong Stadium District traffic and visibility
Executive Summary
This property offers a rare opportunity in one of Grand Rapids’ most strategic commercial corridors, located near the Stadium District with strong visibility, access, and parking.
Property Highlights:
- 7,300± SF main commercial building
- 1,200± SF separate outbuilding
- Approximately 60 on-site parking spaces
- Triple Net (NNN) Lease
- Flexible, open layout with redevelopment potential
- Currently used as an auto repair facility but adaptable for many commercial uses (subject to approvals)
Suggested Marketing Positioning:
This is a highly versatile commercial property that could accommodate a wide variety of users, including but not limited to:
- Restaurant / brewery / taproom
- Sports bar / entertainment venue
- Event venue / banquet concept
- Retail showroom
- Medical / urgent care / wellness center
- Fitness facility
- Office headquarters
- Contractor / trade headquarters
- Flex industrial / warehouse
- Specialty market / food hall
- Furniture or design center
- Educational / training center
- Creative studio / maker space
- Community center / church
- Showroom / collector space
- Redevelopment / mixed commercial use
Additional Marketing Notes:
Please highlight that this property offers:
- A wide-open adaptable building footprint
- Abundant parking (rare for this area)
- A separate outbuilding for additional storage or operations
- Excellent access to downtown Grand Rapids and surrounding neighborhoods
- Strong Stadium District traffic and visibility
Property Highlights:
- 7,300± SF main commercial building
- 1,200± SF separate outbuilding
- Approximately 60 on-site parking spaces
- Triple Net (NNN) Lease
- Flexible, open layout with redevelopment potential
- Currently used as an auto repair facility but adaptable for many commercial uses (subject to approvals)
Suggested Marketing Positioning:
This is a highly versatile commercial property that could accommodate a wide variety of users, including but not limited to:
- Restaurant / brewery / taproom
- Sports bar / entertainment venue
- Event venue / banquet concept
- Retail showroom
- Medical / urgent care / wellness center
- Fitness facility
- Office headquarters
- Contractor / trade headquarters
- Flex industrial / warehouse
- Specialty market / food hall
- Furniture or design center
- Educational / training center
- Creative studio / maker space
- Community center / church
- Showroom / collector space
- Redevelopment / mixed commercial use
Additional Marketing Notes:
Please highlight that this property offers:
- A wide-open adaptable building footprint
- Abundant parking (rare for this area)
- A separate outbuilding for additional storage or operations
- Excellent access to downtown Grand Rapids and surrounding neighborhoods
- Strong Stadium District traffic and visibility
Taxes & Operating Expenses (Actual - 2023) |
Annual (CAD) |
|---|---|
| Gross Rental Income |
$205,602
|
| Other Income |
$1,389
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$206,991
|
| Taxes |
$14,823
|
| Operating Expenses |
$8,335
|
| Total Expenses |
$23,158
|
| Net Operating Income |
$183,833
|
Taxes & Operating Expenses (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $205,602 |
| Other Income (CAD) | |
|---|---|
| Annual | $1,389 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $206,991 |
| Taxes (CAD) | |
|---|---|
| Annual | $14,823 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $8,335 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $23,158 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $183,833 |
Property Facts
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 425 Turner Ave NW, Grand Rapids, MI 49504 | Land | 0.32 AC | - | - |
| 407 Turner Ave NW, Grand Rapids, MI 49504 | Retail | 10,960 SF | 1950 | - |
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Dadds Magic Bus and Limousine
407 Turner NW (lease options-425 Turner)
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.