10,000+ SF Restaurant // 2 Acres

Retail-Commercial for Lease
Also listed as Vacant Land, Business Opportunity
Catylist Listing ID: 30568927
Property Subtypes: Free-Standing Building, Restaurant, Street Retail, Tavern/Bar/Nightclub, General
Contiguous Space: 10,202 SF
Building Size (RSF): 10,202 SF
Gross Land Area: 2.05 Acres
Lease Rate: $13 PSF (Annual)
Base Monthly Rent: $11,052
Lease Types: NNN
Building Name: Shanghai Ichiban
Last Updated: 2/25/2021

Overview / Comments

Well-maintained restaurant located just south of two major malls and the busiest intersection in Grand Rapids. FF&E and liquor license available for purchase separately.

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

Expand All Available Space

Suite: 1 10,202 SF $13 PSF (Annual) NNN
Space Available: 10,202 SF
Lease Rate: $13 PSF (Annual)
$11,052 (Monthly)
Lease Type: NNN
Date Available: 4/1/2020
Lease Term: 120 Months
Space Type: Relet
Kitchen Yes
Parking Spaces 115
Tax Expenses $34,261 PSF (Annual)
Rent Escalators Step-Up Lease
Rent Escalators Description 3% annual base rent increases

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


Photograph of Listing Agent

Scott K. Ryskamp

Ryskamp Realty CARWM Member
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