946 948 Fulton E, Grand Rapids, MI 49503 (MLS# 22022171)
946 948 Fulton E, Grand Rapids, MI 49503
$1,199,000
Property Type:
Commercial Sale
Baths:
2
Square Footage:
9,752
Lot Size (sq. ft.):
4,182
Status:
Sold
Current Price:
$1,199,000
List Date:
6/06/2022
Last Modified:
9/28/2022
Description
Check out this unique opportunity to own a piece of history in Grand Rapids. Two apartments and now one retail space with its own parking lot. The building was two separate units, currently adjoined, and easily converted back. Even has separate HVAC and utilities!
The apartments are a cool urban living space including, hardwood floors, brick walls, tall ceilings and a fun outdoor sitting space, both units are 2 bedroom 1 bath.
The retail space is currently occupied by Bluedoor Home Collective, 3680 sq feet on the main floor plus an additional 3680 sq ft in the lower level also used as retail space. Walking distance from coffee shops, delis, bakeries and a short bike ride into downtown! See attached list of improvements.
Supplements: You don't want to miss out on this amazing opportunity, own this commercial piece with two rentable units, 946-2 completely renovated along with a replaced Heating/cool system (2013) and a new roof above the first floor in 2018, 948-2 with new Central air installation, replaced heating/cooling and a new roof over the first floor. Back and side parking lot were re-paved in 2021.
More Information MLS# 22022171
Location Property Info
County: Kent
Street #: 946 948
Street Name: Fulton
Post Direction: E
State: MI
Zip Code: 49503
Area: Grand Rapids - G
OfficeContract Info
Status: Sold
Current Price: $1,199,000
List Price: $1,199,000
Listing Date: 2022-06-06
General Property Info
New Construction: No
Lot Measurement: Acres
Lot Acres: 0.1
Lot Square Footage: 4182
Lot Dimensions: 88x46
Year Built: 1920
Road Frontage: 46
Mineral Rights: Unknown
Total # Units: 3
# Fin Bldg Lvls: 3
# of Diff Unit Floor Plans: 3
Total # Bldgs: 2
Total SqFt: 9752
Property Use Type: Business
Full Baths: 3
Total Baths: 2
Waterfront: No
School District: Grand Rapids
Tax Info
Tax ID #: 41-14-29-304-003
Taxable Value: 81579
SEV: 163800
For Tax Year: 2021
Annual Property Tax: 4251.22
Tax Year: 2021
Spec Assessment & Type: None known
Non-Conforming Use: No
Zoning: res,com
Remarks Misc
Directions: west of Diamond on Fulton.
Status Change Info
Under Contract Date: 2022-06-10
Sold Date: 2022-09-28
Sold Price: $1,199,000
Sold Price/SqFt: 122.95
Additional Details
Floor Load: 1
Unit 1
Unit Description: Blue door
SqFt: 7360
Rent $/Month: 3500
Unit 2
Unit Description: month to month rent
Occupied: Yes
Rent $/Month: 1000
Unit 3
Unit Description: month to month rent
SqFt: 1196
Occupied: Yes
Rent $/Month: 1000
Property Features
Property Use: Business; Investment
Uses: Professional/Office; Retail; Other
Ownership: LLC
Business Includes: Non-Applicable
Construction Type: Concrete; Pole/Wood
Exterior Material: Block; Brick; Stone
Roofing: Composition
Below Grade: Basement; Full
Tenant Pays All: Electric; Gas; Sewer; Water
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected; Natural Gas Connected
Util Avail at St: Cable Available; Phone Available
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Street Type: Paved
Purchase Terms Avail: Cash; Conventional
Sale Conditions: None
Possession: See Remarks
Renovation list ›Listing Office: JH Realty Partners
Listing Agent: John Doorn
Last Updated: September - 28 - 2022
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