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    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    2450 Plainfield NE Ave, Grand Rapids, MI 49505-3875

    1,728 SF 0.15 ac lot Built 1952
    Individually Owned 1-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US43-4958334
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1952
    Total area 1,728 SF
    Lot 0.15 ac (6,360 SF)
    Zoning code TN-TBA
    APN 41-14-08-154-003
    UPID US43-4958334
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Fat Boy Burgers Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Thomas W Geiger · 1 yrs held
    Thomas W Geiger
    since 2025
    7 recorded transactions
    2025
    2025
    2024
    $270,684
    2019
    2019
    2019
    2010
    Zoning & alternative use
    TN-TBA · Grand Rapids, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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