Commercial Real Estate

1143 Electric Avenue, Leighton Twp, MI

Are you looking to reduce your lease rates or overall overhead costs for running your business? This exceptional  (21,270 SF) industrial building is located just east of US-131 off 100th St. and is available for lease at a new lower rate of $3.00 psf.  One of the largest expenses a business will incur is the cost of rent and taxes, and in today’s economic climate many business owners are seeking ways to make a significant reduction in their overhead expenses.  Not only does the property offer a competitive lease rate, but Leighton Township offers some of the lowest property tax rates in the Grand Rapids area.

If you are looking to relocate, consolidate or start a new business, this property located in Leighton Township just south of M-6 and minutes off US – 131 may be ideal for you.  The building offers approximately 2,500 SF office space, 18,770 SF warehouse space, 2 overhead doors, 1 loading dock, sprinkling throughout, 24-32 ft ceiling heights, and a 15 ton crane w/ full length crane way.

Please don’t hesitate to call us at 616-459-8000 and ask for Pamela Collins or Jeanne LaSargeBono, and we would be happy to discuss the advantages of this property and your real estate needs!

346 Wealthy

346 Wealthy St. is absolutely perfect for the right user!  Possessing the historic interior of most Heritage Hill properties, this opportunity definitely stands out from the rest.  There are a total of 6 to 7 offices on the lower floor, totaling around 1,200 SF of useable space  that could be demised to achieve just about any interior office design!  Not only is the office space priced to lease but also the upstairs portion of this building is 100% occupied with 4 separate residential apartments; the property is cash flowing and a great buy for an owner-occupier at $190,000! The possibilities are endless here; but hurry because downtown office space price this aggressively with such close proximity to the expressway doesn’t last long! Give Greg Mahalick or Chip LaFleur a call today to schedule your showing.  616-459-8000

*Make sure you are also following Greg & Chip on Twitter for real-time industry updates and news:

@GregoryMahalick

@ChipLaFleur

Greg Mahalick

Good afternoon to all!  Thanks again for stopping by CREGR.com; as promised above, a local investment opportunity that stands to perform very well!

First and foremost, I will not get specific on address (or business name/names)- this is not a confidential opportunity but out of respect for my client I simply ask that if you would like additional details that you contact me for the full marketing package.

This opportunity in located within Wyoming, MI.  Roughly 20,000 SF of office space with a sub-tenant occupying 3,700SF (100% occupied/owner occupies all else) sub-tenant is extremely vested into current space, governmental orientation, 3% annual bumps, with two five year renewal periods remaining.

Current owner possesses very strong business, willing to sign a five year lease back with 2.5% annual bumps, full triple net (including sub-tenant), with land contract terms available!

Purchase Price: $1,075,000.00

CAP Rate: 12%

NOI: $129,000.00

Total SF: 20,000SF

Occupancy: 100%

Marketing Package Includes: Premise address with interior/exterior photos; full sub-tenant summary, full triple net breakdown (semi-annual & annual), rent roll, & business bios.  Call or email Greg Mahalick or Chip LaFleur today for your full marketing package and additional details!  Office line: (616) 459-8000.

Wilson Ave and 52nd Street

This office development land is located just south of the Grandville, MI Home Depot and Costco at the northeast corner of Wilson Ave and 52nd Street.   The properties currently have homes on site, but the value is in the land.    Parcels range in size from 0.5 acres up to approx 16 acres total.  The properties are currently master planned as Office Service, and allow up to 25% retail on the 1st-floor footprint.   The parcels are nicely wooded and will allow for a natural office setting with the convenience of Rivertown Crossings Mall, restaurants, and close highway accessibility for M-6, I-196 and US-131.  Wilson Avenue is a heavy traffic corridor with approximately 14632 cars per day, yet is situated close to top-ranked schools and family-friendly neighborhoods.

This is one of the largest growth corridors in the south west Grand Rapids area.  It would be an ideal location for a bank, neighborhood pharmacy, medical office, professional service office or other similar uses.  If you are looking to re-locate, consolidate, or add a new office/service location, we may have the perfect development site to fit your building needs.  For further information, please feel free to call Jeanne LaSargeBono at 616.459.8000 or email at jlasargebono@ccmichigan.com.  I will be glad to send a specific property flyer to you!

1143 Electric Avenue - Property Info

Located just south of Grand Rapids, this industrial building has easy access to US-131 and M-6 and is located 15 minutes from the Gerald R. Ford International Airport.  The building is newer construction, originally built in 2000 with an addition in 2004.  It offers approximately 2,000 sq.ft. office, 25 ft. – 36 ft. ceiling heights, a 15 ton crane w/ full length crane way, full sprinkling throughout, (2) 14 ft. overhead doors, and 1 dock with leveler.

This property is located at 1143 Electric Avenue, Wayland, Michigan just off the US-131 Exit # 72 (100th St. Exit East, then south on S.Division Ave.)  It is currently listed for $795,000 and the owner will consider Seller Financing (Land Contract).

This is an ideal time to buy a beautiful, solid industrial building for your business!  The owner is motivated to sell, so please bring all reasonable offers!  If you have any questions, please don’t hesitate to call Jeanne LaSargeBono or Pamela Collins at 616.459.8000 or drop us an email!

jlasargebono@ccmichigan.com | pcollins@ccmichigan.com

Three separate parcels along South Division in Kentwood and Wyoming are currently on the market for the lowest prices in decades.  The largest parcel is 11 acres on the East side of South Division, directly across from Silver Bullet Firearms & Training Center.  Currently being utilized as a driving range, this large parcel is zoned commercial and would make an ideal large retail pad.

Just south of 54th Street, at 5505 S. Division, a 5.61 acre vacant parcel is listed for $300,000.00; again, the lowest price on this piece of property in ages.

Right on the corner of Division and 60th Street is a 2.63 acre parcel that currently houses two small businesses in a building on the south west corner of the property.  Most of the parcel is paved, and is currently used as a “for sale by owner” auto dealership.  This parcel has access from both Division and 60th Street, and outstanding visibility.

If you have any questions about any of these properties, please feel free to give Greg Mahalick or Chip LaFleur a call at (616) 459-8000, or drop us an email!

If you are an attorney or know of an attorney looking for Class-A office space, conveniently located near the new Kent County 63rd District Courthouse at 1950 E. Beltline Avenue, please contact Diane Karns for a few options you should consider.  Class A professional office space between the sizes of 1,985 and 5,600 square feet can be found less than a mile from the new courthouse.  Priced right, with parking at your doorstep, please find a few photos and layouts of professional office space that may interest you for your new office location.  Please call Diane today for a personal tour at 616-459-8000.

4044 South Division

4044 South Division has been one of the most active properties in our portfolio; we showed the property multiple times nearly every week.  We also received a handful of offers, everyone looking for a great deal, as the economic times seem to necessitate.  But we certainly didn’t expect to get a deal done within a couple of days from our initial showing to the purchaser!

Our first showing to the new owner of this property was on Monday afternoon; the buyer was somewhat familiar with the building already, having stopped in when the building was occupied by the previous business a few years ago.  Apparently the building fit his needs exactly, and he made a verbal offer on the spot.  After some fairly brief negotiations, we arrived at a purchase price and terms that suited both parties, and drew up a purchase agreement which we had signed by Tuesday.

The buyer chose (against our advice) to forgo inspections, survey, and the environmental survey, and just wanted to have possession as soon as possible.  Commercial First Title was able to procure all the necessary documents for us, and so within 48 hours of the signed purchase agreement buyer and seller were seated at the closing table in the McKay Tower on the corner of Monroe Center and Pearl, about a block from our office.  The closing took about a half an hour, and everyone left excited and feeling great about the transaction.

If you happen to be in the area, make sure you take a look at the construction and improvements taking place, I think that you’ll see an exciting retail store opening up within the next month or two at 4044 South Division.  As Greg and I comb the area and work on the listings that we have up and down South Division, we’ll work on getting some photos of the progress and post them here as well.  If you’d like any additional information please feel free to contact me at clafleur@ccmichigan.com!

Click to View Listing

Attention All,

2165 Alpine (previous home of Palermo’s Pizza) offers 1,500 sq ft of retail space with an additional 800 sq ft apartment (newly remodeled) upstairs.  Lease rate reduced from $7 a sq ft to $5.50 a sq ft!  Sale price reduced from $197,000 to $147,000!!!  All reasonable offers considered & land contract terms are available!  This opportunity will not last, perfect for an owner occupied situation (live upstairs & work down), run your business & lease the apartment for additional revenue, possibilities are endless!  Call Greg Mahalick or Chip LaFleur today to schedule your showing: 616-459-8000.

Click HERE for Sale information, click HERE for lease information.

Click Photo for More Information

2905 Lucerne Cascade Township, MI

We have reduced the selling price on this professional office building located in The Centennial Office Park. This beautiful office facility is located in Cascade Township easily accessible to I-96, the Gerald R. Ford International Airport and a multitude of retail amenities.

If you have ever considered owning your own office in the past, now is the time to buy with interest rates at their lowest and possible seller financing. This property has a tenant in place in half the building making it a desirable owner occupied investment opportunity. If you are looking for 6,000-15,000 square feet of space, the building could be the investment for you. Or if you are looking to lease, this well maintained property offers the most competitive lease rates available.

Please call Pamela or Diane @ 616-459-8000 for a tour today.