Grand Rapids, MI Conventional restaurants for sale

Updated: Sep 22

Five-Suite Retail Property

1809 Plainfield Avenue NE, Grand Rapids, MI 49503

$650,000

5,000 sqft 0.10 AC lot

Approximately 5,000 square feet of rentable commercial space
Five‑suite configuration with the entire building currently leased
Restaurant suite includes commercial hood, fire‑suppression system, grease trap, and kitchen
Recently renovated basement offices
Located along Plainfield Avenue near restaurants, retailers, residential neighborhoods, and public transportation

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Updated: Jul 25, 2017

Historic Mixed-Use Building

111 Division Avenue S, Grand Rapids, MI 49503

$2,790,000

47,647 sqft 0.40 AC lot

1888‑built mixed‑use property totaling approximately 38,775 square feet
Finished basement provides 10,537 square feet of additional space
Sale includes 111, 115, and 117 S. Division Avenue as contiguous properties
Four‑level layout with wood floors and exposed brick interiors
115 S. Division includes 1,055 SF of commercial space and a 1,080 SF apartment

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Restaurant Space with Patio

2115 Plainfield Ave NE, Grand Rapids, MI 49505

$785,000

2,940 sqft

Existing restaurant layout includes dedicated parking and outdoor seating along Plainfield Avenue.

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See hot listings in Grand Rapids

Scored against comparables nationwide. These are worth a look.

Cap Rate available after sign in

Est. NOI available after sign in

Local Demand available after sign in

Multi-Level Restaurant and Banquet

2739 Breton Rd SE, Grand Rapids, MI 49546

$2,000,000

12,456 sqft

Well-maintained restaurant on the main floor with a banquet hall and an existing Class C liquor license.

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Restaurant Space with Patio

755 Michigan St NE, Grand Rapids, MI 49503

$1,495,000

2,885 sqft

Turnkey restaurant property with on-site parking, outdoor seating, FF&E, and a liquor license.

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Renovated Restaurant Building

932 Division Ave S, Grand Rapids, MI 49507

$2,084,001

7,274 sqft

The building includes banquet and restaurant areas and was renovated in 2024.

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Turnkey Freestanding Restaurant

69 28th St SW, Grand Rapids, MI 49548

Contact for pricing

8,040 sqft

Turnkey freestanding restaurant with new 2023 interior build and included FF&E, plus ample parking.

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Drive-Through Restaurant Building

2521 Alpine Ave NW, Grand Rapids, MI 49544

Contact for pricing

3,627 sqft

Existing food-service improvements include signage, on-site parking, and multiple access points for customer circulation.

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Active Restaurant Asset Sale

608 Bridge St NW, Grand Rapids, MI 49504

$350,000

Furnishings, inventory, and a liquor license are included with the active restaurant.

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Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 9 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.

Renovated Restaurant with Banquet Areas

4050 Chicago Dr SW, Grandville, MI 49418

$2,250,000

13,195 sqft

Two dining and bar sections each have separate entrances.

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Restaurant Building with Equipment

1506 Chicago Dr SW, Wyoming, MI 49509

$285,000

2,228 sqft

Restaurant property with commercial kitchen equipment, dining furnishings, and B-2 zoning.

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Equipped Conventional Restaurant Space

1717 28th Street Sw B, Wyoming, MI 49519

$65,000

2,939 sqft

Restaurant space with commercial kitchen equipment, dining furnishings, POS hardware, and an installed sound system.

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Restaurant Building with Dedicated Parking

4158 Chicago Dr SW, Grandville, MI 49418

Contact for pricing

6,229 sqft 1.13 AC lot

The interior includes two dining rooms, a central kitchen, and existing furniture, fixtures, and equipment.

View details

Grand Rapids, MI Conventional Restaurants Market Trends and Statistics

Explore 9 conventional restaurants for sale in Grand Rapids, MI, showcased through 9 active listings on our real estate platform. These investment opportunities span a total of 89,869 square feet of properties for sale, with an estimated market value of $10,154,001.

Sale prices for conventional restaurants in Grand Rapids, MI start at $350,000, averaging $1,450,571, and reaching up to $2,790,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
49504	$350K
49505	$785K
49503	$1.6M
49546	$2M
49507	$2.1M

Neighborhood

Average Price

49504

$350K

49505

$785K

49503

$1.6M

49546

$2M

49507

$2.1M

Featured Grand Rapids Real Estate Agencies

Realmo connects you with licensed Grand Rapids CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

Greenridge Realty Inc.

3115 Orchard Vista Dr. S.E. Grand Rapids, MI 49546

Phone: 16169745042

www.greenridge.com/

Berkshire Hathaway HomeServices Michigan Real Estate

3000 E Beltline NE Grand Rapids, MI 49525

Phone: 18778087007