2404 Eastern Avenue Southeast is aretail property for lease in Grand Rapids, MI.
Spacious and newly renovated building in well-established mixed used Alger Heights development, on the corner of Alger Street and Eastern Avenue. Plumbing, electrical, and HVAC upgraded in 2015 with completed city inspections. 2,307 square foot main space could be kept intact or divided (subject to zoning ordinances) for a number of uses, including restaurant, catering, retail, and office. Excellent opportunity for owner/operator or investor.
Building structure may allow possibility of adding a second story (subject to zoning ordinances). Large shared parking area, with $100/month parking association dues (stock certificate for association to be assigned at closing). Basement area of approximately 650 square feet, in addition to main floor space. Parcel includes outdoor patio area on Eastern Avenue. Road construction on Eastern Avenue to be completed this fall, which will further increase traffic and visibility.
Building currently occupied on month-to-month lease by restaurant tenant. Tenant owns restaurant equipment, furniture, and trade fixtures, and has indicated possible interest in discussing sale of those items with potential buyer of the building.
Survey is attached to this listing. Prior Phase I environmental report and copy of tenant lease available for inspection upon signing a confidentiality agreement with building owner. All listing information to be confirmed by buyer.