1280 28th Street SE

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30042265
Property Subtypes: Restaurant
Status: Pending
Building Size (RSF): 2,175 SF
Gross Land Area: 1.04 Acres
Sale Price: $395,000
Unit Price: $181.61 PSF
Ceiling: 13 ft.
Property Use Type: Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/10/2017

Overview / Comments

Newly furnished, fully equipped restaurant with drive-thru capabilities available for purchase. Site along 28th Street Central Quadrant. Purchase includes all recently new FF&E, a 22’ Hood System, newer roof remodeled in 2014, fully built out restaurant and an operating drive-thru window. Site has 1.04 AC of land which promotes excellent frontage/visibility, ample parking and can be redeveloped. Restaurant comes with Pole Signage and Box/Channel Lettering Signage. Co-tenants are Meijer, Walgreens, BMW, DriveTime (Coming 2017).

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Kent
Submarket/Township: 28th Street Central
Taxing Authority: City of Grand Rapids
Tax ID/APN: 41-18-17-201-020
Zoning: MCN-C
Feet of Frontage: 130
Traffic/Vehicle Count: 32,550
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1975
Year Renovated: 2014
Roof Type: Flat
Parking Type: Surface
Heat Type: Electricity
Heat Source: Central
Lot Frontage: 130
Lot Depth: 400
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,764 136,487 292,166
Median Age: 35.11 32.83 33.09
Households: 6,005 49,695 111,413

Contact

Photograph of Listing Agent

Kegan Russell

Signature Associates
Photograph of Listing Agent

Joe Rizqallah

Signature Associates
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