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Applebees 1375 28th St SW

5,295 SF Retail Building Grand Rapids, MI 49509 £1,440,417 (£272/SF)

Investment Highlights

  • Former Applebee's / New Restaurant / Redevelopment Opportunity
  • Between US 131 and I-196 Highway Interchanges on 28th St, SW.
  • 215'+ Frontage on Grand Rapids' most significant commercial corridor
  • PRICED AT CITY APPRAISED VALUE

Executive Summary

SVN / Investment Property Advisors is pleased to offer this former Applebee's with frontage on Grand Rapids most significant Commercial Artery. Potential New Restaurant or Redevelopment Opportunity on primary East-West Artery between US 131 and I-196 Highway Interchanges. PRICED AT CITY APPRAISED VALUE

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,295 SF
Building Class
C
Year Built
1996
Price
£1,440,417
Price Per SF
£272
Tenancy
Single
Number of Floors
1
Loading Docks
1 Exterior
Building FAR
0.07
Land Acres
1.67 AC
Opportunity Zone
Yes
Zoning
Commercial - Commercial
Parking
100 Spaces (18.89 Spaces per 1,000 SF Leased)
Frontage
217 ft on 28th Street

Amenities

  • Dedicated Turn Lane
  • Pylon Sign
  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
41-17-11-376-018
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£386,294
  • Listing ID: 26761000

  • Date on Market: 03/10/2022

  • Last Updated:

  • Address: 1375 28th St SW, Grand Rapids, MI 49509

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