Multi-Tenant Retail Building with
2611 Alpine Avenue NW Grand Rapids, MI 49544
For Sale
$1,250,000
COMMERCIAL - Grand Rapids, MI
Property Size5,884 SF
Lot Size0.59 Acres
Price / SF$212.44
Days on Market46
Property Features for 2611 Alpine Avenue NW
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1
- Standard status
- Active
- APN
- 41-13-11-230-044
- Size
- 5,884 SF
- Lot size
- 0.59 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- S 100 FT OF W 179 FT OF E 224 FT OF NE 1/4 NE 1/4 * SEC 11 T7N R12W 0.41 A. ALSO S 67 FT OF LOT 6 ALSO LOT 7 ALSO THAT P
- Tax Annual Amount
- 12813
Utilities
- Utilities
- Cable Available
- Heating system
- Forced Air
Building Details
- Year built
- 1970
- Number of units
- 2
Listing Agency:
Keller Williams Professionals
(734) 459-4700
Listed By:
Jeffrey Glover · License #6502408794
(616) 594-1000
Added: Jun 10
Changed: Jun 25
Last Checked: Jul 25 at 6:06PM
MLS# 26028258
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multi-tenant retail building totals 5,884 square feet within a 0.59-acre lot. The space is divided into functional storefront suites, each with independent customer restrooms and separated utilities, supporting flexible occupancy and day-to-day operations across tenants. The property is positioned on a deep 280-foot lot, which can accommodate a practical parking layout and vehicle-stacking needs for customers.
The site offers 100 feet of direct road frontage on Alpine Avenue with a dedicated pylon street sign for visibility. It is located just south of the major I-96 and M-37 highway exchange, providing convenient access for high-volume commuter traffic. Permitting is described as being supported by City of Walker for local processes.
With highly versatile C-4 commercial zoning, the property is intended for a wide range of intensive commercial uses, including general retail, specialized personal services, and medical or office configurations. Its storefront-suite layout and suite-level facilities can make it well suited for owner-users and investors seeking a configuration that supports multiple businesses under one roof. Any potential future drive-thru conversion would be subject to local municipal approval.
The site offers 100 feet of direct road frontage on Alpine Avenue with a dedicated pylon street sign for visibility. It is located just south of the major I-96 and M-37 highway exchange, providing convenient access for high-volume commuter traffic. Permitting is described as being supported by City of Walker for local processes.
With highly versatile C-4 commercial zoning, the property is intended for a wide range of intensive commercial uses, including general retail, specialized personal services, and medical or office configurations. Its storefront-suite layout and suite-level facilities can make it well suited for owner-users and investors seeking a configuration that supports multiple businesses under one roof. Any potential future drive-thru conversion would be subject to local municipal approval.
Key Highlights
- 5,884‑SF multi‑tenant retail building on a 0.59‑acre lot in Grand Rapids, MI
- C‑4 commercial zoning with a flexible layout for general retail, personal services, and medical/office configurations
- 100 ft of direct road frontage on Alpine Ave plus a highly visible dedicated pylon street sign
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $129.2k | $21.96 |
| − Vacancy | −$7.4k | −$1.25 |
| EGI | $121.8k | $20.71 |
| − OpEx | −$36.6k | −$6.21 |
| NOI | $85.3k | $14.50 |
5,884 SF · lease $21.96/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.22M
$1.07M – $1.42M
NOI $85,293 @ 7.0% cap · market cap 6.82%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.37M
$1.19M – $1.59M
NOI $95,586 @ 7.0% cap · market cap 7.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Pool Service Co.
Factory
Best Choice Wholesale
Big Box & Wholesale Store
FAQs
What type of property is this?
Storefront property - Multi-tenant retail building with flexible C-4 zoning, designed with separated utilities and customer restrooms in each suite.
Where is this storefront property located?
The property is located at 2611 Alpine Avenue NW Grand Rapids, MI.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 5,884‑SF multi‑tenant retail building on a 0.59‑acre lot in Grand Rapids, MI; C‑4 commercial zoning with a flexible layout for general retail, personal services, and medical/office configurations; 100 ft of direct road frontage on Alpine Ave plus a highly visible dedicated pylon street sign
