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: |
1/25/2021 |
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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