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.
|
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 |
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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