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    330 Ann St NW Grand Rapids, MI 49504

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    For Sale
    $4,500,000

    NNN leased retail building with long-term tenant and highway access.

    Property size:
    22,509 SF
    Lot size:
    2.18 Acres

    Property Features for 330 Ann St NW

    General Information

    Size
    22,509 SF
    Lot size
    2.18 Acres

    Source: Encore Real Estate Investment Services Agent Danny Samona

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

    Overview

    Grand Rapids Retail Investment Opportunity

    This is a retail property featuring a long-term absolute NNN lease with no landlord obligations. The lease term is 15 years, with 3% annual increases in both the term and option periods. The property holds an exclusive Cookies license, serving the Grand Rapids MSA as the only site to sell Cookies cannabis. The building, which was completely renovated in 2023, measures 22,509 square feet and is situated on a 2.18-acre lot. The property is offered at a price per square foot of $199, which is below replacement value. It benefits from high traffic counts, with over 16,000 vehicles per day, and offers entrance and exit access to the highway.
    Insight Report Location Intelligence

    Current Use by Public Records

    United Wholesale Grocery ... Wholesale Grocer Cookies Grand Rapids ... Cannabis Store Noxx Ann St. Cannabis Store Orion Construction Contractor

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.67748
    Latitude
    42.994979

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    FAQs

    What type of property is this?
    Retail space - NNN leased retail building with long-term tenant and highway access.
    Where is this retail space located?
    The property is located at 330 Ann St NW Grand Rapids, MI.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: - Long term absolute NNN lease with no landlord obligations; - Exclusive Cookies Cannabis license serving the Grand Rapids MSA; - 15 year lease with 3% annual increases in term & option periods
    (248) 702-0286
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    330 Ann St NW Grand Rapids, MI 49504
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    Grand Rapids, MI 49504
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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
    330 Ann St NW Grand Rapids, MI 49504
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