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    1375 28Th St SW Grand Rapids, MI 49509

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    For Sale
    $1,825,623

    Former restaurant with frontage on Grand Rapids' busiest commercial street.

    Property size:
    5,295 SF

    Property Features for 1375 28Th St SW

    General Information

    Size
    5,295 SF

    Building Details

    Year built
    1996

    Source: David De Maagd, CPA, MBA Agent David De Maagd, CPA, MBA

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Former Applebee's on Commercial Artery

    This former Applebee's restaurant is available for sale, offering frontage on Grand Rapids' most significant commercial artery. The property presents a potential opportunity for a new restaurant, retail establishment, owner-user, or redevelopment project. Situated in the southwest Grand Rapids metropolitan statistical area, the site features approximately 200 feet of frontage on 28th Street, the city's busiest east-west commercial thoroughfare. Ample parking is provided with nearly 100 spaces, along with two entrances and multiple access lanes. The location benefits from proximity to numerous national retailers and favorable new developments. This property is suitable for a new restaurant or redevelopment opportunity and is located near the US 131 highway interchange. The building size is 5,295 square feet.
    Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

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

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

    Similar Places Nearby

    Briez Catering

    Location Insight

    • Map
    • Local Demand
    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.637796
    Latitude
    42.913014

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    FAQs

    What type of property is this?
    Restaurant - Former restaurant with frontage on Grand Rapids' busiest commercial street.
    Where is this restaurant located?
    The property is located at 1375 28Th St SW Grand Rapids, MI.
    What is the asking price?
    The asking price for this property is $1,825,623.
    What are key features of this property?
    This property features: - High-traffic location on 28th St, Grand Rapids' primary commercial artery.; - Priced at city appraised value.; - Redevelopment opportunity.
    (616) 566-5790
    Request Owner's contact information
    1375 28Th St SW Grand Rapids, MI 49509
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    Grand Rapids, MI 49509
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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
    1375 28Th St SW Grand Rapids, MI 49509
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