Commercial Real Estate

A few months ago I wrote an article titled  “Forced Entrepreneurism,” a growing trend in today’s economic climate.  Gone are the days of a 30-year plus factory job and in its stead are individuals who have been knocked off their track 10 years too soon – forced to hit an ever declining job market.  What is one to do?  Many have gone into business for themselves; often pursuing lifelong dreams of owning their own restaurant.

Well, it just so happens that today I am proud to offer just that, an opportunity to own your very own restaurant.  Well-established, profitable, locally involved restaurant seeks new ownership.  Loyal customer following, brand new equipment and furniture, and solid profit margins make this a must see for anyone serious about owning their own business.

Due to the sensitivity of this sale, all interest will be handled case by case and confidentially.  All interested parties will be subject to a confidentiality agreement and credit application prior to disclosure of address and internal data.  If you would like additional information pertaining to this opportunity please give Chip LaFleur or me a call today to begin the process- 616-459-8000.  As always, to our loyal readership, make sure you are following us on Twitter for real time, local industry updates:

@GregoryMahalick & @ChipLaFleur

Thanks for visiting the blog!

Greg Mahalick

First and foremost, I would like to address the Division Avenue Business Association and a special thanks to their President Tommy Brann- without their tiresome work Division Avenue would not be rebounded as significantly as it is.  Please visit their website for further information on membership and business opportunities at http://www.d-a-b-a.org

4044 Division Avenue is truly an amazing “before and after” story- what was once a forgotten vacancy seemed to be transformed overnight into one of Grand Rapids most esteemed custom paint and motorcycle shops- D.C. Customs.  Take a look at some of their creations here: http://dc-customsgr.com

Truly, the fastest closing Chip and I have ever been a part of (offer was signed and closed within 36hrs) D.C. Customs redefines the term haste.  Closed at the end of November and operational within just a couple of months, this business is truly a diamond in the rough and a beacon of light for other aspiring small business owners to follow.  Don’t believe me? Well, check out these before and after photos.

4044 Division Before

4044 Division After

Not yet satisfied, a deserted residential parcel located directly behind the shop (that was included in the sale & scheduled for demolition) is in the process of being built into a custom-bike-themed coffee shop with a lower level tattoo parlor!  Check out the photo below for an update on building progress as of last week!

In closing, if you are looking for a custom paint job (not just limited to bikes) or are in the market for a motorcycle purchase- you have to visit D.C. Customs first!  Stop in and ask for Dave- tell him Greg and Chip sent you.

As always, to our dedicated blog following and those just discovering us, feel free to follow Chip and me on Twitter for real-time industry updates and news:

@GregoryMahalick & @ChipLaFleur

Also, make sure you fan our page on Facebook!

Thanks again for visiting www.cregr.com and if you are conducting business in the Division Ave market place make sure to check out the Division Avenue Business Association ( http://www.d-a-b-a.org )

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!

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!

Click Picture for Property Information

This building is easily demised for multiple tenants or one larger office user with some warehouse storage requirements. The property is located at 3529 Lousma Drive in Wyoming, Michigan, off of Roger B. Chaffee just north of 36th Street.  The building is located under 5 minutes from the entrance to US-131 at 36th Street, and includes an overhead door for access to the warehouse area.

The interior is nicely finished and ready for occupancy.  There are currently three tenants in the building, although the space could be arranged for an owner to take occupancy immediately.  The building contains several demised offices, as well as conference rooms and larger rooms that are perfectly laid out for training courses or presentations.  I-1 Zoning allows for a variety of uses and make this property very versatile.  Plenty of parking completes the package!

Take a look at our e-book located here.  If you would like more information or to arrange a showing, please contact either Greg Mahalick or Chip LaFleur.

852 47th, Wyoming ○ Property Information

Energy efficient office building and call center with easy access to US-131 and 44th Street.  Envelope construction results in significantly lower energy costs, as well as an attractive, professional appearance.  Ample parking and great signage.  Possible seller lease-back available with current tenants, or space could be shared by new owner.  This would be an ideal location for an insurance company or technology company looking to relocate near Grand Rapids or within West Michigan.

Building shows very well, and is currently shared by two tenants.  It is ideal for a call center or could easily be reconfigured for a variety of other uses.  To the south of the building there is a private outdoor break area, as well as patio space between the interior and exterior walls.  Additionally, the building has an expandable presentation room, connected to the kitchen / break room with a movable track wall, essentially allowing the presentation room to double in size if necessary.

To view an eBook click here: 852 47th St. eBook.