Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2135 E Beltline Ave NE Grand Rapids, MI 49525

    For Sale
    $6,100,000

    NN leased, three-tenant investment property in Grand Rapids, Michigan.

    Property size:
    8,283 SF
    Lot size:
    1.43 Acres

    Property Features for 2135 E Beltline Ave NE

    General Information

    Size
    8,283 SF
    Lot size
    1.43 Acres

    Source: SRS Real Estate Partners | Detroit Agent Michael Carter

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

    Overview

    Grand Rapids Retail Investment Opportunity

    This is an opportunity to acquire a fee simple interest (land & building ownership) in a net-net (NN) leased, three-tenant investment property. The property is located in Grand Rapids, Michigan. The property has tenants on new, 10-year leases with multiple 5-year options to extend. The leases are net-net (NN) with limited landlord responsibilities. All three leases have scheduled rental increases every 5 years throughout their initial terms and at the beginning of each option period.
    Insight Report Location Intelligence

    Current Use by Public Records

    Strip malls

    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
    -85.5912585
    Latitude
    43.001474

    Nearby Similar for Sale

    • $897,500
      0.36 Acres

      Historic Grand Rapids Multifamily Property

      Spacious, historic multifamily home in Grand Rapids' Heritage Hill district.
      400 Fulton St E, Grand Rapids, MI 49503
      View Details
    • New
      $425,000
      0.14 Acres

      Grand Rapids Two-Unit Property

      Well-maintained two-unit property near Wealthy Street Corridor.
      321 Henry Ave SE, Grand Rapids, MI 49503
      View Details
    • $1,749,900
      0.15 Acres

      Historic Boutique Hotel Opportunity

      Turn-key boutique hotel in downtown Grand Rapids with luxury suites.
      22 Jefferson Ave SE, Grand Rapids, MI 49503
      View Details
    • $799,999
      0.17 Acres

      Mixed-Use Block in Grand Rapids

      Seven buildings with apartments, commercial units, and a single-family home.
      1200-1210 White St NW, Grand Rapids, MI 49504
      View Details
    • $549,900
      Pending

      Grand Rapids Home with Apartment

      Updated home with detached apartment on a large lot.
      950 Covell Ave NW, Grand Rapids, MI 49504
      View Details
    • New
      $930,000
      0.17 Acres

      Renovated Two-Unit Home Near Downtown

      Spectacularly renovated two-unit home near Heritage Hill and downtown.
      643 Madison Ave SE, Grand Rapids, MI 49503
      View Details

    FAQs

    What type of property is this?
    Strip mall - NN leased, three-tenant investment property in Grand Rapids, Michigan.
    Where is this strip mall located?
    The property is located at 2135 E Beltline Ave NE Grand Rapids, MI.
    What is the asking price?
    The asking price for this property is $6,100,000.
    What are key features of this property?
    This property features: - New, long-term (10-year) leases with multiple 5-year options demonstrate tenant commitment.; - Scheduled rental increases every 5 years provide growing Net Operating Income (NOI) and inflation hedging.; - NN leases with limited landlord responsibilities offer a low-management, passive investment opportunity.
    (586) 549-4260
    Request Owner's contact information
    2135 E Beltline Ave NE Grand Rapids, MI 49525
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2135 E Beltline Ave NE
    Grand Rapids, MI 49525
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2135 E Beltline Ave NE Grand Rapids, MI 49525
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.