3233 Alpine Ave NW
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3233 Alpine Ave NW
4,575 SF 100% Leased Retail Building Grand Rapids, MI 49544 £1,060,709 (£232/SF) 8% Net Initial Yield
Executive Summary
Prime location on the busy Alpine corridor, seconds from I-96. Great visibility, access, signage, and parking.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,575 SF
Building Class
C
Year Built
1970
Price
£1,060,709
Price Per SF
£232
Net Initial Yield
8%
NOI
£84,857
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.27
Lot Size
0.39 AC
Zoning
Commercial Improved
Parking
25 Spaces (5.46 Spaces per 1,000 SF Leased)
Frontage
88 ft on Alpine Ave
Amenities
- Bus Route
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Drive Thru
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 41-13-02-279-023 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £321,587 |
PROPERTY TAXES
Parcel Number
41-13-02-279-023
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£321,587
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3233 Alpine Ave NW
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