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Listing provided courtesy of 1st Advantage Realty- MLS# 24041297MLS Provider

40 Martin Luther King Jr Street SEGrand Rapids, MI 49507

Commercial · 1 Full Bath · 595 Sq. ft. | 0.25 Acres
$230,000 Active

40 Martin Luther King Jr Street SE Overview

Time on Site:
690 days
Visits:
1

Prime Location for Sale - High-Traffic Area & Valuable Land! Are you a savvy business owner looking for a strategic location to establish your presence? Look no further! This property offers a unique opportunity to capitalize on a high-traffic area, perfect for a small business that thrives on quick visits and convenient access. While the building itself may be modest, the true value lies in the land and its prime location. The possibilities for redevelopment or expansion are endless. This property comes with two additional parcels 41-14-31-301-013 and 41-14-31-301-018 buyer/agent to verify any and all information. Land Addressed as: 30 Martin Luther King Jr SE, Grand Rapids, MI 49507 807 Sheldon Ave SE, Grand Rapids, MI 49507

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40 Martin Luther King Jr Street SE Facts & Features

  • Type Commercial
  • Sq. ft. 595
  • Price/Sq.ft. $387
  • Lot 0.25 Acres

Details

General

Building Information

  • New Construction: No
  • Year Built: 1967

Location/Region

  • County Or Parish: Kent
  • MLS Area Major: Grand Rapids - G
  • MLS Area Minor: Grand Rapids - G

General Information

  • Parcel Number: 41-14-31-301-014
  • Property Sub Type: Retail
  • Property Type: Commercial Sale

Interior

Beds/Baths

  • Bathrooms Full: 1
  • Bathrooms Total: 1

Building Interior

  • Building Area Total: 595.0

General Information

  • Stories Total: 595

Exterior

Lot Information

  • Lot Size Acres: 0.25
  • Lot Size Area: 0.25
  • Lot Size Dimensions: Combine of 3 parcels
  • Lot Size Square Feet: 10890.0
  • Lot Size Units: Acres

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Wood Siding

General Information

  • Number Of Units Total: 1
  • Utilities: Natural Gas Connected,Electricity Connected

40 Martin Luther King Jr Street SE Neighborhood

Community

49507 (Grand Rapids) Demographics

30
Median Age
7,200
Population Density (per sq. mile)
29%
College Educated
$42,426
Estimated Median Income
7,625
Estimated Total Home Owners
5,043
Estimated Total Renters
60% / 40%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

40 Martin Luther King Jr Street SE Monthly Cost

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Eric Nowik
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

40 Martin Luther King Jr Street SE Market Data

Based on the last 30 days in this zip code

$265,207
Average List Price
$179
Average Price per Square Foot
45
Properties Sold
54
Average Days on Market
205
Properties for Sale
Calculations provided by Reliance Network

40 Martin Luther King Jr Street SE History

Date Event Value Agent
8/8/2024Source: MichRIC MLS Added to Database
August 08, 2024