Firestone Lofts

For Sale

25 JEFFERSON AVENUE SE, Grand Rapids, MI 49503

This Grand Rapids property for sale is located at 25 JEFFERSON AVENUE SE.

Contacts

broker

Colin Soltis

GREA

(248) 800-0150

Property Details

GREA is pleased to present the exclusive offering of Firestone Lofts in downtown Grand Rapids, MI. Firestone Lofts is a 21-unit luxury apartment property with high end finishes including granite counters, stainless steel appliances, and floor to ceiling windows. The property was rebuilt from top to bottom in 2017 and includes a private parking garage and workout facility. 

Firestone Lofts is well positioned in downtown Grand Rapids allowing residents to walk to numerous restaurants, venues, and employers. The premium location in the heart of one of Michigan’s most sought-after neighborhoods will allow a new owner to continue to increase rents for years to come. 

The property also benefits from reduced property taxes from an OPRA agreement boosting the property’s cashflow. Current ownership is open to seller financing for qualified buyers. Please contact Colin Soltis of GREA for more information.

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Highlights

  • Fully Occupied
  • Average In-Place Rents of $1,585
  • Low In-Place Taxes through 2028
  • Private Parking Garage and Gym
  • Seller Financing Available
  • Great Location Downtown

Getting around

  • 97/100

    Walk Score ®

  • 65/100

    Transit Score ®

  • 65/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Grand Rapids, MI
  • Neighborhood Downtown Grand Rapids
  • Zip Code 49503
  • Market Grand Rapids

Points of Interest

  • Grand Rapids

    0.61 miles

  • Mobil

    0.50 miles

  • Mobil

    0.58 miles

  • Mobil

    0.67 miles

  • Pacific Pride

    0.82 miles

  • Marathon

    1.10 miles

  • Meijer Express

    1.20 miles

  • BP

    1.24 miles

  • Speedway

    1.38 miles

  • Shell

    1.40 miles

  • BP

    1.44 miles

  • Staff Parking

    0.27 miles

  • Cherry St. Parking

    0.29 miles

  • Area 3

    0.30 miles

  • Wege Parking Ramp

    0.35 miles

  • Area 2

    0.35 miles

  • Sneden Hall Parking Ramp

    0.35 miles

  • Ramp 6

    0.42 miles

  • Area 6A

    0.44 miles

  • Ramp 8

    0.51 miles

  • Ramp 7

    0.58 miles

  • Residence Inn Marriott

    0.27 miles

  • City Flats Hotel

    0.30 miles

  • Canopy by Hilton

    0.34 miles

  • Barri

    0.38 miles

  • Amway Grand Plaza

    0.50 miles

  • JW Marriott Grand Rapids

    0.52 miles

  • Holiday Inn Grand Rapids Downtown

    0.70 miles

  • Hampton Inn & Suites Grand Rapids Downtown

    0.76 miles

  • The Brauhaus Inn

    0.82 miles

  • Travelodge

    3.34 miles

  • Grand Central Market

    0.24 miles

  • Bridge Street Market

    1.11 miles

  • Wealthy Market

    1.17 miles

  • Fulton Street Farmer’s Market

    1.23 miles

  • Family Fare

    1.48 miles

  • Creston Market

    1.80 miles

  • Family Fare

    2.06 miles

  • D&W

    2.64 miles

  • Ken's Fruit Market

    3.10 miles

  • Meijer

    3.43 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Colin Soltis

GREA

(248) 800-0150