SOLD!

PRICED REDUCED TO $129,000 FROM $149,900!

Great corner location on Hwy 2 in Grand Rapids. Located in a thriving commercial and residential neighborhood, this mixed-use building would be an ideal spot for your retail/shop business. Building is comprised of main level retail space, a shop with 2 overhead doors plus a studio style apartment, while the upper level has a 2-bedroom apartment. Owner/occupy or invest while enjoying high traffic counts, easy access and excellent visibility.

Purchase Price: $129,000.00
Directions: From Hwy 169 (Pokegama Ave N) & Hwy 2 (NW 4th St) - West on Hwy 2 (NW 4th St) 8 blocks to the NW corner of Hwy 2 (NW 4th St) and NW 8th Ave
Building Size Total (Sq. Ft): 4,121
Building Size Main (Sq. Ft): 2,385
Building Size Upper (Sq. Ft): 1,320
Building Size Lower (Sq. Ft): 416
Lot Size (Sq. Ft): 7,722
Lot Size (Acres): 0.18
Lot Dimensions: 143' x 54'
Road Frontage: 143’ on Hwy 2 (NW 4th St) and 54’ on NW 8th Ave
Original Price: $149,900.00
Price Note: Property is Credit Union owned. Seller obtained this property through a foreclosure. This property is being sold “WHERE IS, AS IS” with no warranties or representations. Seller will be conveying a “Limited Warranty Deed” at closing.
Property Tax Year: 2022
Annual Property Tax: $3,506.00
Property Features / Assets: Main Level: 2,385 SF Total (Shop: 840 SF; Retail: 1,120 SF; Apt 1: 416 SF (Studio/1 Bathroom); & Connector: 9 SF (From Apt to Retail)); Upper Level: 1,320 SF Total (Apt 2: 1,320 SF (2 Bedroom/1 Bathroom)); Lower Level: 416 SF Total (Unfinished Basement/Storage)
Water: City
Sewer: City
Heating: Boiler Hot Water Baseboard
Cooling: Central Air - Electric Ground Unit
Electric – Amps: 200 & 100 Amp Panels
Electric – Phase: Single
Lighting: Fluorescent
Year Built: 1960
Construction: Wood Frame & Concrete Block
Foundation: Concrete
Roof: Asphalt Shingles
Exterior: Wood Siding
Ceiling Height: Retail & Shop: 10'; Apartments: 8'; Basement: 7'
Overhead Doors: 1 (9' W x 10' H) & 1 (9' W x 7' H)
Bathrooms: Retail: 1; Apt 1: 1; Apt 2: 1
Parking Spaces: 4 Parking Spaces alongside the Building, 2 Parking Spaces near the alley, plus On-Street Parking
Neighboring Businesses: Nearby businesses include Dondelinger, Grand Properties, Rapids Insurance, 218 Cut, Anderson Glass, Martin Motors, Glen’s Army & Navy Store, Clayton’s Produce, The Dutchroom & Mad Dogs Pizza, Maki Body & Glass, Tan Incorporated, Sportmans Barber, Automotive Electric, Northern Lakes Dental, Super One Foods, Ardent Bicycles, Floor To Ceiling, Itasca County Farm Services, plus numerous others.
Traffic Counts: 16,300 (2019) on Voyageur Hwy (Hwy 2 / NW 4th Street), and 3,150 (2017) - 4,100 (2018) on NW 5th Street
MLS #: 6303172
CC File #: 1681
Zoning: SGB Shoreland General Business
PID#: 91-420-2270
Legal Description: S 4’ of Lot 10 and All of Lots 11 & 12, Block 22, Grand Rapids Second Division, Township 55N, Range 25W, Section 20