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    Grand Rapids, MI Conventional Restaurants for Sale

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    Belmont, MI Comstock Park, MI Ada, MI
    Established Restaurant on Corner Lot
    $450,000
    1,728 SF
    Established Restaurant on Corner Lot

    2450 Plainfield NE Avenue, Grand Rapids, MI 49505

    Restaurant for sale with equipment included near downtown.
    • All restaurant equipment included in sale
    • High‑traffic corner lot location
    • Masonry block building
    • TBA zoning allows for many uses
    • Conveniently located near downtown
    Updated: Mar 16
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    Commercial Building in Creston Heights
    $700,000
    1,765 SF
    Commercial Building in Creston Heights

    1431 Plainfield NE Avenue, Grand Rapids, MI 49505

    Brick commercial building in Creston Heights, suitable for restaurant/office.
    • Located in the vibrant Creston Heights neighborhood.
    • Versatile space suitable for a restaurant or office.
    • New roof.
    • Brick commercial building with character and charm.
    • Restaurant equipment is negotiable.
    Updated: Oct 15, 2024
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    Turn-Key Restaurant Opportunity
    $495,000
    2,460 SF
    Turn-Key Restaurant Opportunity

    Fully equipped restaurant for sale with recent upgrades.

    Grand Rapids, MI 49548

    View details
    Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 3 Active listings in Grand Rapids, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Historic Sparta Building with Cafe
    $589,000
    6,327 SF
    Historic Sparta Building with Cafe

    Updated 6,327 SF commercial building with established cafe.

    94 N Union Street, Sparta, MI 49345

    View details
    Historic Alto Bar & Grill
    $450,000
    3,830 SF
    Historic Alto Bar & Grill

    Historic Alto Bar & Grill for sale in Alto, Michigan.

    6064 Linfield Avenue SE, Alto, MI 49302

    View details
    Historic Alto Bar & Grill
    $450,000
    0.12 Acres
    Historic Alto Bar & Grill

    Historic Alto Bar & Grill for sale in Alto, Michigan.

    6064 Linfield Avenue SE, Alto, MI 49302

    View details
    Established Restaurant with Local Roots
    $474,000
    1,374 SF
    Established Restaurant with Local Roots

    Long-standing restaurant with equipment and name included in sale.

    370 N State Street, Sparta, MI 49345

    View details

    Grand Rapids, MI Conventional Restaurants Investment Opportunities Market Analysis

    Explore 3 conventional restaurants for sale in Grand Rapids, MI, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 5,953 square feet of properties for sale, with an estimated market value of $1,645,000.

    Sale prices for conventional restaurants in Grand Rapids, MI start at $450,000, averaging $548,333, and reaching up to $700,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Coffee shops 9
    Bars & Pubs 7
    Conventional restaurants 7
    Drive through restaurants 1
    Turn key restaurants 1

    Demographics Overview

    Population 434K
    Population Growth (5Y) +2.4%
    Median Household Income $74,271
    College Educated 24.5%

    High-Yield Neighborhoods for Investment

    Identify Grand Rapids submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49548 $495K
    49505 $575K

    Taxes & Financing

    Tax Rate (average for all types) 3.15%
    Property Tax per SF $44.85 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Kent County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Kent County

    Retail

    Office

    Property Size Breakdown

    The majority of commercial real estate listings in Grand Rapids fall within the 2,500 to 5,000 square foot range.

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