Turn-key restaurant for sale 44th & Kalamazoo!

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30721268
Property Subtypes: Free-Standing Building, Restaurant
Status: Pending
Building Size (RSF): 4,788 SF
Gross Building Area: See Agent
Gross Land Area: 0.14 Acres
Sale Price: $475,000
Unit Price: $99.21 PSF
Property Use Type: Investment, Business
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 10/25/2021

Overview / Comments

Available for sale turn-key restaurant located near 44th & Kalamazoo Ave. The property has been well maintained, offers a drive-up window and excellent exposure along Kalamazoo Ave. Surrounding retailers include Papa John’s, Family Dollar, Tim Hortons and many more!

****Do not approach any employees.

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: 36th/44th St Corridor
Taxing Authority: City of Grand Rapids
Tax ID/APN: 41-18-20-479-044
Zoning: COMMERCIAL
Retail Clientele: General, Family, Business, Recreation, Other
Property Located Between: 36th & 44th
Property Visibility: Excellent
Largest Nearby Street: Kalamazoo
Traffic/Vehicle Count: 18,969
Airports: Gerald R. Ford International Airport
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1956
Legal Description: PART OF LOTS 11, 12, 14, 15 & 16 COM AT NE COR OF SD LOT 16 TH S 0D 02M 25S E 60.21 FT ALONG E LINES OF SD LOTS 16, 15 & 14 TH N 89D 26M 00S W 53.57 FT TH N 0D 12M 15S E 19.95 FT TH N 89D 43M 40S W 1.67 FT TH N 0D 17M 40S E 4.31 FT TH N 89D 43M 40S W 23.49 FT TH S 0D 17M 40S W 4.0 FT TH N 89D 43M 40S W 61.33 FT TO W LINE OF LOT 11 TH N 0D 02M 25S W 39.86 FT ALONG W LINES OF LOTS 11 & 12 TO NW COR OF LOT 12 TH S 89D 39M 20S E 139.97 FT ALONG N LINES OF LOTS 12 & 16 TO BEG * TOWNE AND COUNTRY SHOPPING CENTER

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,883 108,067 250,021
Median Age: 37.5 34.59 33.84
Households: 6,207 42,387 93,189
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