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    2401 Eastern Ave SE Grand Rapids, MI 49507

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    For Sale
    $700,000

    Restaurant space with equipment included in vibrant Alger Heights.

    Property size:
    1,365 SF
    Lot size:
    0.15 Acres

    Property Features for 2401 Eastern Ave SE

    General Information

    Size
    1,365 SF
    Lot size
    0.15 Acres

    Source: Vision Real Estate Investment Agent Erin Peterson

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

    Overview

    Turnkey Restaurant Space in Alger Heights

    This turnkey restaurant space is located in the Alger Heights neighborhood, at the corner of Eastern Avenue. The property offers visibility, walkability, and neighborhood charm. The sale includes existing equipment. The property provides 6 on-site parking spaces, with additional street parking available nearby. The property is suitable for either an owner-operator or investor.
    Insight Report Location Intelligence

    Current Use by Public Records

    Tacos Don Beto's Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -85.648009
    Latitude
    42.919263

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    FAQs

    What type of property is this?
    Turn key restaurant - Restaurant space with equipment included in vibrant Alger Heights.
    Where is this turn key restaurant located?
    The property is located at 2401 Eastern Ave SE Grand Rapids, MI.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: - Turnkey restaurant space with existing equipment included.; - Outstanding visibility at the corner of Eastern and Alger.; - Located in the heart of Alger Heights.
    (616) 648-4864
    Request Owner's contact information
    2401 Eastern Ave SE Grand Rapids, MI 49507
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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
    2401 Eastern Ave SE Grand Rapids, MI 49507
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