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    217 28Th St SE Grand Rapids, MI 49507

    Picture of Restaurants at 28Th St SE 217, Grand Rapids, MI
    For Sale
    $995,000

    COMMERCIAL - Grand Rapids, MI

    Type:Retail
    Property size:
    5,000 SF
    Lot size:
    1.72 Acres
    Days on Market:
    25
    Last Refresh:
    Dec 14 at 12:06 pm

    Property Features for 217 28Th St SE

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2
    Bathrooms
    2
    APN
    411807376037
    Size
    5,000 SF
    Lot size
    1.72 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1971
    Floors in Building
    1
    Number of units
    1
    Building materials
    Brick
    Roof type
    Rubber

    Signature Associates Kalamazoo (269) 385-2000

    Listing agent Peter K. Cachey (616) 259-6386

    Listing date Nov 20, 2025

    Copyright © 2025 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.

    Overview

    Turn-Key Restaurant on 28th Street

    The iconic New Beginnings restaurant, situated on 1.72 acres along 28th Street in Grand Rapids, Michigan, is available for purchase. The property is less than 1.5 miles from US-131. This 5,000-square-foot restaurant is a 100% turn-key operation and comes fully equipped, making it ready to open immediately. It features over 40 parking spots located on the side and back of the building. The property is located in Kent County, with a postal code of 49507.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Turn key restaurants

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Behind The Scene Catering

    Location Insight

    • Map
    • Local Demand
    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.661372
    Latitude
    42.913968

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    FAQs

    What type of property is this?
    Restaurant - Iconic, fully equipped restaurant on 1.72 acres ready for operation.
    Where is this restaurant located?
    The property is located at 217 28Th St SE Grand Rapids, MI.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: - Turn-key restaurant: Fully equipped and ready to open immediately.; - Prime location: Situated on busy 28th Street, less than 1.5 miles from US-131.; - Sizeable property: 5,000 SF building on 1.717 acres.
    (616) 259-6386
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    Grand Rapids, MI 49507
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    217 28Th St SE Grand Rapids, MI 49507
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