Commercial Land - For Sale
1503 Michigan Street Northeast Grand Rapids, MI 49503
Details & Description
Price: $1,965,000
  • Property Type Land for Sale : Mixed Use Land
  • Lot Size Acres 2.690
  • Land Sq Ft 117,176
  • Land Price per Sq Ft $16.77
Investment Opportunity - fully improved parking lot leased to Spectrum Health. Used for employee parking and serviced by Spectrum's own shuttle.8% cap rate. Zoning allows many uses. Call LA for lease details.
Listing Agents
Mary Anne WisinskiRosely
NAI Wisinski of West Michigan
O: 616-776-0100
M: 616-450-7307
mawr@naiwwm.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

1503 Michigan Street Northeast

Grand Rapids, MI 49503

Listing ID: 231827
$1,965,000
For Sale
  • Property Type Land for Sale : Mixed Use Land
  • Lot Size Acres 2.690
  • Land Sq Ft 117,176
  • Land Price per Sq Ft $16.77
1503 Michigan Street Northeast Grand Rapids, MI 49503 | for Sale | Photo 1
Description

Investment Opportunity - fully improved parking lot leased to Spectrum Health. Used for employee parking and serviced by Spectrum's own shuttle.

8% cap rate. Zoning allows many uses. Call LA for lease details.

Listing Demographics for 1503 Michigan Street Northeast Grand Rapids, MI 49503

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population14,137120,701254,097
Population Median Age353536
Population by Age0-9 Yrs1202 (8%)14881 (12%)33524 (13%)
10-19 Yrs1468 (10%)14801 (12%)33474 (13%)
20-29 Yrs3997 (28%)26607 (22%)49640 (19%)
30-39 Yrs2518 (17%)18772 (15%)37526 (14%)
40-49 Yrs1339 (9%)13304 (11%)27791 (10%)
50-59 Yrs1585 (11%)13389 (11%)28610 (11%)
60-69 Yrs1095 (7%)9950 (8%)22556 (8%)
70+ Yrs934 (6%)8999 (7%)20974 (8%)
Median HH Income$55,497$54,315$54,951
Total Household Income< 24K1136 (21%)11254 (23%)21083 (22%)
25-49K1327 (24%)11029 (23%)22975 (24%)
50-74K939 (17%)8539 (17%)17698 (18%)
75-99K733 (13%)5524 (11%)11998 (12%)
100-199K971 (18%)8236 (17%)16501 (17%)
200K+248 (4%)3047 (6%)5188 (5%)
Highest Education LevelNo Diploma851751119642
Diploma or GED18131504835169
Some College18081484032543
Assoc. Degree771589112505
Bachelors Degree30102270941138
Higher Degree14621260122628
Total Housing Units5,69051,791102,587
--Owner-Occupied3,05126,49157,260
--Renter-Occupied2,30321,13838,183
Owner-Occupied Values< 100K525505412095
100-199K18001170226713
200-299K45945229190
300-399K11922354329
400-499K5311032095
500K+9418742838
Total Working Age Population12,18296,916201,016
In Work Force8,44168,550138,728
Not In Work Force3,74128,36662,288
Workforce Employed7,98364,390131,031
Workforce Unemployed4574,1427,615
Civlian Workforce8,44168,533138,646
Military Workforce01782
Total Households5,35447,63095,443
Family Households2,44325,53556,057
Non-Family Households2,91122,09539,385
Married Couple1,70617,25538,595
Other Family7378,27917,462
Married w/Child5897,02816,194
Single Male w/Child1131,2892,756
Single Female w/Child3163,5967,260

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Michigan9,938,444-19,883,640+110,023,423+410,424,510
Kent County574,335+5602,622+11668,535+12746,921

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Listing Location & Map Views
Closest Commercial Airports
Airport Distance (mi)
MBS International Airport (MBS) 87
South Bend Regional Airport (SBN) 94
General Mitchell International Airport (MKE) 115
Listing Agent
Mary Anne WisinskiRosely - CRE Agent at NAI Wisinski of West Michigan

Mary Anne WisinskiRosely

NAI Wisinski of West Michigan
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