10,000+ SF Restaurant // 2 Acres

Retail-Commercial for Sale
Also listed as Vacant Land, Business Opportunity
Catylist Listing ID: 30567877
Property Subtypes: Free-Standing Building, Restaurant, Street Retail, Tavern/Bar/Nightclub, General
Building Size (RSF): 10,202 SF
Gross Land Area: 2.05 Acres
Sale Price: $1,599,000
Unit Price: $156.73 PSF
Property Use Type: Vacant/Owner-User
Building Name: Shanghai Ichiban
Sale Terms: Cash to Seller
Last Updated: 2/25/2021

Overview / Comments

Well-maintained restaurant located just south of two major malls and the busiest intersection in Grand Rapids.

Possible land contract terms.

Restaurant is open and will continue to operate until property is sold or leased.

Financials

Finance Data Year 2001
Real Estate Taxes - Annual($) $477,556 (Annual)

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: 28th Street Southeast
Taxing Authority: City of Kentwood
Tax ID/APN: 41-18-14-101-059
Zoning: C2
Property Visibility: Excellent
Largest Nearby Street: Broadmoor Ave
Feet of Frontage: 547
Traffic/Vehicle Count: 29,000
Site Description: S 200 FT OF N 1388 FT OF W 1/2 NW 1/4 EX W 710 FT & EX COM AT NE COR THEREOF TH S 2D 46M 55S E ALONG W 1/8 LINE 88.68 FT TH S 88D 48M 50S W 145.54 FT TH NWLY 338.17 FT ALONG A 575.38 FT RAD CURVE TO RT /LONG CHORD BEARS N 74D 20M 55S W 333.33 FT/ TO S LINE OF N 1188.0 FT OF W 1/2 NW 1/4 TH N 89D 47M 36S E ALONG SD S LINE 462.18 FT TO BEG * SEC 14 T6N R11W 2.05 A.
Area Description: SW of Broadmoor & 29th St
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 1987
Year Renovated: 2004
Construction/Siding: Brick
Parking Type: Surface
Parking Description: Approx 115 parking spaces
Sprinklers: Wet

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,156 83,055 225,297
Median Age: 40.42 36.44 33.77
Households: 4,613 33,250 85,855

Contact

Photograph of Listing Agent

Scott K. Ryskamp

Ryskamp Realty CARWM Member
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