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    3619 Plainfield Ave NE Grand Rapids, MI 49525

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    For Sale
    $3,400,000

    Thriving Italian restaurant and bar for sale in Grand Rapids.

    Lot size:
    1.03 Acres

    Property Features for 3619 Plainfield Ave NE

    General Information

    Lot size
    1.03 Acres

    Source: Five Star Real Estate (Main) Agent Danielle Lopez

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

    Overview

    Established Italian Restaurant Opportunity

    This established Italian restaurant and bar, situated in the Greater Grand Rapids area, is available for purchase. The restaurant benefits from a strong reputation as a popular destination for casual diners, takeout customers, and sports enthusiasts. The property features a fully equipped commercial kitchen suitable for preparing authentic Italian cuisine and a varied menu. The tastefully decorated dining area accommodates 166 guests. A spacious bar area includes multiple taps and numerous large-screen TVs positioned for optimal viewing. The business has an established online presence and a strong local reputation, cultivated over 40 years. The location offers excellent visibility on a high-traffic street with convenient and ample parking. The sale includes all necessary licenses and permits, subject to buyer's transfer and MLCC commission approval, including a Class C and SDM Liquor License. This is an opportunity for an experienced restaurateur or entrepreneur to acquire a successful Italian restaurant.
    Insight Report Location Intelligence

    Current Use by Public Records

    Fred's Italian Restaurant Italian Restaurant

    Suggested Use

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

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

    Similar Places Nearby

    KJ Catering

    Location Insight

    • Map
    • Local Demand
    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.6313915
    Latitude
    43.0291166

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    FAQs

    What type of property is this?
    Restaurant - Thriving Italian restaurant and bar for sale in Grand Rapids.
    Where is this restaurant located?
    The property is located at 3619 Plainfield Ave NE Grand Rapids, MI.
    What is the asking price?
    The asking price for this property is $3,400,000.
    What are key features of this property?
    This property features: - Established Italian restaurant with a 40-year history and loyal customer base.; - High-traffic location with excellent visibility and ample parking.; - Seating capacity for 166 guests and a spacious bar area with multiple taps.
    (616) 901-8730
    Request Owner's contact information
    3619 Plainfield Ave NE Grand Rapids, MI 49525
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    Grand Rapids, MI 49525
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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
    3619 Plainfield Ave NE Grand Rapids, MI 49525
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