Grand Rapids herald. [volume] (Grand Rapids, Mich.) 1892-1959, 1892-05-22
LAND Is VERY LOW
In the Most Desirable Resi-
dence Parts
INQUIRIES ARE FREE, HOWEVER
And the Tone of the Nafkss u Upward.
What an Albany Man Says-Wsss
Side and Con Avenus.

Ia the general depression Of trade
which has prevailed during the iast
week, . marked exception has been
noticeable in favor Of real estate. The
quickened pscs Of the market which
wAs noticeable during the previous
week has been maintained. If not &C.
celsr4ted, despite the floods and frosts.
The selection of its cite BY the Star
Knitting works Of Niles created some
interest, and the fact that two men,
bers of the firm and the foreman OF the
factory are each looking for residence
property, with view Of purcnasing,
have added thereto The week has
been characterized by an increase of
outside lockers. In the latter respect
the business has differed from the week
previous. MANY Of the leading hrms
report q marked increase In outside in
qulry, and believe the near future will
realize some important transfers. The
greatest interest has conferred IN in
qulries relative 70 ionia street property.
Owners IN that locality were asked 10
put price on the Fox property and on
the triangular piece 1t the intersection
of ionla and Fulton streets. Further
down the street several pieces we're
looked at, but no transfers effected.
On shs Oshsr Side.
On the West side . msrked increase
in the sale Of residence property WAS
noticeable, and tracts contiguous TO
the city railway extensions are meeting
frequent inquiry. On the whole.
though, no important transfers have
been recorded. A general healthful-
ness has characterized the market and
dealers are feeling more cheerful than
at any time during the past season.
Speaking of the ASPECT of the Grand
Rapids real estate market ~ it pre-
sented itself to . stranger, . prominent
Albany, ". ", dealer said the other
day: "Haviug never heretofore had
any other acquaintance with Grand
Rapids than through her general repu-
founded, now that am visitor within
her gates, at the low price of her real
estate. know Of no city on the con-
tinent of equal population, to say moth
ing OF her superior residence facilities,
wherein real estate can be purchased
for so little money. have been told
the figures at which several residence
and commercial sites can be obtained
in the city, and l can only say that
were . younger man would lose no
time in investing my money IN Grand
Rapids property From my standpoint
I believe that the future of this city 10
secure. can look 1t 1t in 70 other
way"
Buysrs Cansos Miss It
A dealer who 10 interested in prop
erty on Lake avenue had this TO say
recently: II bought several lots in
tins locality three years ago for $500
cash. One year ago sold two Of them
for $l800 spot cash; have two more
that are worth the same price. have
refused 500 for the better one, and
still have three good lots which pro-
pose to hold until the street cars reach
me. I don't know OF . better invest
ment for young men TO make OF their
surplus cash than IN suburban lots
Let any young man buy an option on
. lot here or there he could hardly 20
amiss. IL he watch his opportunity
carefully for time he will surely and
auicxly realize . liberal profit" Rents
during the week Just closed have been
dull In proportion to sales. The
appreciaby affected by the increased
activity among home purchasers. At
any rate all rent agencies are COM
planning that rents are yielding them
small profits. The Builders and Trad
srs' exchanges reports an increase in
the value of buildings being construct.
ed for the season as compared with
last year. with decrease in the num-
Der. A marked decrease is noticeable
in the number of residences being built.
The week closes with many important
deals on the taps with prospects Of
early contamination.
Real Estate In the soush Fad.
The increased interest in factory SITES
aud property contiguous TO railway
lanes that IL available for manufactur-
hog purposes. has resulted in proper
tomato rise in the market price of such
property. In the general inquiry which
has accompanied the increased demand
many fsrseeing purchasers have placed
investments IN property along the river
front below the Wallm Leather COM
pany's plant. There 10 much valuable
property IN that portion of toe city
which mas been overlooked by pur-
ehasers heretofore, and which offers,
at the prevent time. superior advant-
ages to c.aer localities Many choice
pieces of property In this locality are
now controlled by Fred A. Maynard,
and the same 10 for sale ut reasonable
rates. Tho railway facilities OF the
locality. with little improvement.
might easily be- made equal 10 any IN
the city, while contiguous property,
available for small residence sltes for
factory hands. IS obtsinable at reason
able figures
The Windsor addition il Just now
attracting unusual attention from
home seeker. and its advantages and
general Surroundings are meeting gen
eral discussion. The improvement IN
city transit n that direction Of late, TO-
gether with the excellent water and
pure air OF the locality are making u
great favorite in the market for home
seekers. There are stiIl many choice
lots for sale In that locality NJ low
rates. The addition 10 largely IN the
hands Of c. W. Watkins. Mr.. Watkins
also has interests IN Ionia street prop
srty and south Division street prop
erty. also in the Scrihner addition. In
the latter locality there are many
choice lots for sale. all within easy
reach by street car OF otherwise Of the
heart OF the city, and 1T prices which
cannot fail 10 eause rapid sales. With
the general rise Of real estate interests
IA, the cifv this valuahke tract ia sure To