128 28th Street SW, Wyoming, MI 49548
COMMERCIAL - Wyoming, MI
- Added:
- Jul 24, 2023
- Days on Market:
- 1057
- Last Refresh:
- Jun 14 at 8:06 pm
Property Features for 128 28th Street SW
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Interior features
- Broadband
- Standard status
- Active
- APN
- 411713226005
- Size
- 2,460 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Description
- Legals in LO
- Tax Annual Amount
- 3476
Utilities
- Utilities
- Cable Available
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1980
- Floors in Building
- 1
- Number of units
- 1
- Building materials
- Brick
- Roof type
- Rubber
Listing agent Thomas J Elhart (616) 396-7788
Listing office Signature Associates Holland 1015 Oak Lane, Richland, MI (616) 396-7788
Listing date Jul 24, 2023
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Turn‑key establishment with 25+ years in business
- Fully equipped, including a 16' hood system, tables, and prep‑tables
- Recent $45,000 investment in new Air Makeup System, Hood System & Fans
- High sales potential: Store can generate over half a million in sales for lunch and dinner only
- Newer Furnace (2017), HVAC, roof, and tankless water system (2018)
- Brick construction with central air and rubber roof
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.1k | $15.48 |
| − Vacancy | −$1.6k | −$0.65 |
| EGI | $36.5k | $14.83 |
| − OpEx | −$9.1k | −$3.71 |
| NOI | $27.4k | $11.12 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Behind The Scene Catering — 3060 Madison Ave SE, Grand Rapids, MI 49548
Location Insight
- Map
- Local Demand
- City
- Wyoming
- County
- Kent
- State
- Michigan
- Longitude
- -85.669768
- Latitude
- 42.91286
