3180 Washington Avenue SW, Grandville, MI 49418

$1,225,000
Property Type: Commercial Sale Baths: 11 Square Footage: 7,691 Lot Size (sq. ft.): 24,829 Status: Sold
Current Price: $1,399,000 List Date: 9/16/2022 Last Modified: 5/19/2023

Description

Here is an excellent opportunity to live, work and produce income in an amazing property that is ideally located. Three separate income producing properties currently being operated as a very successful 9 guest room Inn as well as a duplex with long term rental. The majority of the property has been recently updated and continues to be well maintained. The Inn has seen continual growth as it has successfully acclimated to changing times, yet significant growth potential remains. With all of the options this property offers, it definitely is worth taking a look.

More Information MLS# 22040136

Location & Property Info

Cross Streets: Wilson & Fayette Property Sub-Type: Business Opportunity Municipality: Grandville City

Office/Contract Info

Auction or For Sale: For Sale List Price/SqFt: 181.9 Prop Avail for Lease?: No

General Property Info

New Construction: No Lot Dimensions: 182 x 132 Road Frontage: 181 Mineral Rights: Unknown Waterfront: No Year Remodeled: 2022 Total # Units: 3 # of Diff Unit Floor Plans: 3 Total # Bldgs: 3 # Fin Bldg Lvls: 3 Total SqFt: 7691 Total Net SqFt: 7691 Property Use Type: Business School District: Grandville Lot Measurement: Acres Lot Acres: 0.57 Lot Square Footage: 24829 Year Built: 1916 Full Baths: 11 Total Baths: 11

Tax Info

Taxable Value: 195685 SEV: 378300 For Tax Year: 2021 Seller's Annual Property Tax: 8785 Tax Year: 2021 Homestead %: 63 Spec Assessment & Type: None Known Zoning: Res Improved Tax ID #: 41-17-18-283-013

Remarks & Misc

Legal: LOTS 237 & 244 *VILLAGE OF GRANDVILLE

Status Change Info

Sold Price/SqFt: 159.28 Under Contract Date: 2023-03-04 Sold Date: 2023-05-15 Sold Price: $1,225,000

Street Type

Paved: 1 Public: 1

Property Use

Business: 1

Utilities Attached

Cable Connected: 1 Electricity Connected: 1 Natural Gas Connected: 1

Sewer

Public Sewer: 1

Water

Public Water: 1

Uses

Other: 1

Construction Type

Frame/Wood: 1

Exterior Material

Brick: 1 Vinyl Siding: 1

Roofing

Composition: 1

Heat Source

Natural Gas: 1

Sale Conditions

None: 1

Ownership

LLC: 1

Below Grade

Basement: 1 Full: 1 Walk-Out Access: 1

Heat Type

Baseboard: 1 Forced Air: 1

Air Conditioning

Central Air: 1

Business Includes

Furniture: 1 Licenses: 1 Real Estate: 1

Util Avail at St

Cable Available: 1 Electricity Available: 1 Natural Gas Available: 1

Driveway

Concrete: 1

Docs Req Conf Agrmnt

Financials: 1

Purchase Terms Avail

Cash: 1 Conventional: 1

Unit 1

Unit Description: 3180 Washington SqFt: 4075 Occupied: Yes # HVAC: 2 # Baths: 8

Unit 2

Unit Description: 3168 Washington SqFt: 1768 Occupied: Yes

Unit 3

Unit Description: 4075 Prairie SqFt: 1848 Occupied: Yes

Possession

Negotiable: 1

Location Property Info

County: Kent Street #: 3180 Street Name: Washington Suffix: Avenue Post Direction: SW State: MI Zip Code: 49418 Zip (4): 1236 Area: Grand Rapids - G

OfficeContract Info

Status: Sold Current Price: $1,225,000 List Price: $1,399,000 Listing Date: 2022-09-16

Remarks Misc

Directions: 196 to M11. South on Wilson. East on Prairie. North on Washington

Property Features

Property Use: Business Uses: Other Ownership: LLC Business Includes: Furniture; Licenses; Real Estate Construction Type: Frame/Wood Exterior Material: Brick; Vinyl Siding Roofing: Composition Below Grade: Basement; Full; Walk-Out Access Sewer: Public Sewer Water: Public Water Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected Util Avail at St: Cable Available; Electricity Available; Natural Gas Available Heat Source: Natural Gas Heat Type: Baseboard; Forced Air Air Conditioning: Central Air Driveway: Concrete Street Type: Paved; Public Purchase Terms Avail: Cash; Conventional Docs Req Conf Agrmnt: Financials Sale Conditions: None Possession: Negotiable
Listing Office: Coldwell Banker Woodland Schmidt Saugatuck
Listing Agent: Gregory Smith
IDX
Last Updated: May - 19 - 2023
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