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 |
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 |
|
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