2450 Plainfield NE Ave, Grand Rapids, MI 49505-3875
This exceptional restaurant opportunity is located at 2450 Plainfield Ave NE in Grand Rapids, Michigan, 49505. The property boasts 1,728 square feet situated on a 0.15-acre lot, offering a prime location in a high-traffic neighborhood. Built in 1952 and renovated in 1999, this single-story masonry block building is situated on a hard corner, providing excellent visibility and accessibility. The asking price is $500,000, translating to $289.35 per square foot. The property features a single tenancy and is zoned TN-TBA, allowing for a variety of potential uses beyond its current configuration as a restaurant. All existing restaurant equipment is included in the sale, presenting a turnkey opportunity for a new owner. Its convenient location near downtown Grand Rapids and major highways ensures high visibility and easy access for customers. This is a rare chance to acquire a well-established business in a desirable location with significant potential for growth and future development. The property's strong history and versatile zoning make it an attractive investment for both seasoned restaurateurs and entrepreneurs seeking a profitable venture.
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Fat Boy Burgers Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2021Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
TN-TBA · Grand Rapids, MIGrand Rapids. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.