Grand Rapids, MN High Income Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Grand Rapids, Minnesota Market population: 190K. Compare commercial properties across all major asset classes...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Grand Rapids MI Properties: 3.7400%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Grand Rapids MI
Common questions from investors exploring commercial real estate in Grand Rapids MI.
What's the overall investment outlook for Grand Rapids, MI?
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With a median household income of $39,227 and a poverty rate of 21.8%, Grand Rapids presents a mixed bag for investors, but the 90.2% health insurance coverage and 19.5-minute average commute time suggest a relatively stable workforce, making it an attractive option for those looking for a balance between affordability and employment stability.
How does the city's ethnic diversity impact market demand?
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The top ethnicities in Grand Rapids, including White (37.6%), White Non-Hispanic (33.3%), and Black (11.1%), indicate a diverse population, which can contribute to a strong demand for housing, particularly in areas with growing industries like Public Administration and Finance & Insurance, & Real Estate & Rental & Leasing.
What are the key factors to consider when assessing tenant quality in Grand Rapids?
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The combination of a 21.8% poverty rate and 90.2% health insurance coverage suggests that while there may be some challenges with tenant quality, the overall employment stability and access to healthcare can mitigate these risks, making it essential for investors to carefully evaluate the local economy and job market.
How does the city's commute time and transportation infrastructure impact the rental market?
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The 19.5-minute average commute time and top commute methods, including Drove Alone, Worked At Home, and Carpooled, indicate a relatively convenient and flexible transportation infrastructure, which can be a significant draw for renters and contribute to a stable rental market, particularly in areas with growing industries and a diverse population.
What role do the top industries play in shaping the local real estate market?
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The top industries in Grand Rapids, including Public Administration, Finance & Insurance, & Real Estate & Rental & Leasing, and Wholesale Trade, suggest a diverse and relatively stable economy, which can contribute to a strong demand for housing and commercial properties, particularly in areas with a high concentration of these industries, such as downtown Grand Rapids or near major employment hubs.
Grand Rapids MI Real Estate & City Facts
Key facts and real estate information about Grand Rapids MI.
What are some of the best neighborhoods to live in Grand Rapids?
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Some of the best neighborhoods to live in Grand Rapids include Eastown, Heritage Hill, Alger Heights, Creston, and Westside Connection. These neighborhoods offer a mix of walkability, historic homes, and access to downtown amenities. For example, Eastown is known for its vibrant atmosphere and proximity to local shops and restaurants, while Heritage Hill is famous for its beautiful historic homes and tree-lined streets.
What are some fun things to do in Grand Rapids?
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Grand Rapids has a variety of fun things to do, including visiting the Frederik Meijer Gardens & Sculpture Park, exploring the Grand Rapids Public Museum, and checking out the local breweries and restaurants. You can also walk along the Grand River, visit the Gerald R. Ford Museum, or take a stroll through the beautiful parks and lakes in the area. Additionally, the city hosts various festivals and events throughout the year, such as the Grand Rapids Festival of the Arts and the Michigan Summer Beer Festival.
What is the food scene like in Grand Rapids?
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The food scene in Grand Rapids is vibrant and diverse, with a range of restaurants serving everything from farm-to-table cuisine to craft beer and comfort food. Some popular spots include Grove, Mangiamo, MDRD, GinGins, Maru, San Chez, Bowdies, and Leos. There are also plenty of great food trucks and local eateries to try. The city is also home to a number of breweries, including Founders Brewing Co. and Bell's Brewery, which offer tours and tastings.
What are the pros and cons of living in Grand Rapids?
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The pros of living in Grand Rapids include its vibrant cultural scene, beautiful parks and outdoor spaces, and a growing food and drink scene. The city also has a relatively low cost of living and a strong sense of community. However, some cons include traffic and parking challenges, limited job opportunities in certain industries, and cold winters. Additionally, some areas of the city are still recovering from economic decline and may have higher crime rates. Overall, Grand Rapids is a great place to live for those who value a small-town feel with big-city amenities.
Is Grand Rapids a good place to live?
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Grand Rapids is a great place to live for those who value a vibrant cultural scene, beautiful outdoor spaces, and a strong sense of community. The city has a lot to offer, from its historic neighborhoods to its thriving food and drink scene. While it may have some challenges, such as traffic and limited job opportunities, the pros outweigh the cons for many people. Ultimately, whether Grand Rapids is a good place to live depends on your individual priorities and preferences. If you're looking for a city with a small-town feel and big-city amenities, Grand Rapids may be an excellent choice.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Grand Rapids MI Commercial Property: $39,227
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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