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    924 Cherry St SE Grand Rapids, MI 49506

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    For Lease
    $25 SF/Yr ($7,187 /Mo)

    3,450 SF restaurant space with patio in East Hills.

    Property size:
    3,450 SF
    Lot size:
    0.52 Acres

    Property Features for 924 Cherry St SE

    General Information

    Size
    3,450 SF
    Lot size
    0.52 Acres

    Source: Advantage Commercial Real Estate Agent Murphy Wynsma

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

    Overview

    Turnkey Restaurant Space in East Hills

    This 3,450 SF turnkey restaurant space is located in the East Hills community and is available for sublease. The property includes seating for 92 patrons inside and 72 on the garden patio. It features a fully equipped commercial kitchen, and a dining room and bar that were recently remodeled in 2023. A private parking lot with over 40 spaces, along with ample street parking, provides convenient access. The property is surrounded by local destinations including Maru, Brewery Vivant, Grove, and Furniture City Creamery. The space is ready for immediate operation. A Class A SDM Liquor License, furniture, fixtures, and equipment are available for sale per separate transaction.
    Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Renee Korican Doctor Dr. Marianne Moayer Doctor Sight Eyecare + Optical ... Sunglasses Store Progressive Car Insurance Insurance Company The Green Well New American Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.646782
    Latitude
    42.959477

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    FAQs

    What type of property is this?
    Turn key restaurant - 3,450 SF restaurant space with patio in East Hills.
    Where is this turn key restaurant located?
    The property is located at 924 Cherry St SE Grand Rapids, MI.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: - Turnkey restaurant space (3,450 SF) ready for immediate operation.; - High-capacity seating: 92 inside and **72 on the garden patio.**; - Fully equipped commercial kitchen.
    (616) 802-2608
    Request Owner's contact information
    924 Cherry St SE Grand Rapids, MI 49506
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    Grand Rapids, MI 49506
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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
    924 Cherry St SE Grand Rapids, MI 49506
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