Multi-Tenant Storefront
For Sale
$1,250,000
2611 Alpine Avenue NW, Grand Rapids, MI 49544
Commercial Sale, Grand Rapids, MI
Property Size5,884 SF
Lot Size0.59 Acres
Price / SF$212.44
Days on Market137
Property Features for 2611 Alpine Avenue NW
General Information
Property type
Commercial Sale
Property subtype
Retail
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Elementary school district
Kenowa Hills
Middle school district
Kenowa Hills
High school district
Kenowa Hills
Directions
Take Exit 30 for M-37/Alpine Avenue. S on Alpine Ave. Building on Right.
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
Legal 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
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
(616) 594-1000
Added: Jun 10
Changed: Oct 8
Last Checked: Oct 24 at 8:06PM
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.
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Investment Insights
Based on property information with market context.
This 5,884-square-foot storefront property contains multiple tenant suites with separate customer restrooms and utility divisions. The building was constructed in 1970 and is served by forced-air heating. C-4 commercial zoning supports a range of stated uses, including general retail, specialized personal services, and medical or office configurations.
The 0.59-acre parcel fronts Alpine Avenue in Grand Rapids, with 100 feet of road frontage and a dedicated pylon sign. Its 280-foot lot depth provides room for parking and vehicle circulation. The property is positioned south of the I-96 and M-37 interchange, less than a minute from the I-96 ramp and approximately five miles north of downtown Grand Rapids. National retail anchors and regional commercial activity surround the site.
The 0.59-acre parcel fronts Alpine Avenue in Grand Rapids, with 100 feet of road frontage and a dedicated pylon sign. Its 280-foot lot depth provides room for parking and vehicle circulation. The property is positioned south of the I-96 and M-37 interchange, less than a minute from the I-96 ramp and approximately five miles north of downtown Grand Rapids. National retail anchors and regional commercial activity surround the site.
Key Highlights
- 5,884‑square‑foot multi‑tenant retail building
- 0.59‑acre parcel with 100 feet of Alpine Avenue frontage
- C‑4 commercial zoning supports retail, personal service, medical, and office uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,293
Cap Rate
6.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,705,860
$1.7M
Cap Rate 7%
$1,218,471
$1.2M
Cap Rate 9%
$947,700
$947.7K
Market Conditions
NOI Build-Up for 5,884 SF
Gross rent
$129.2K $21.96/SF
− Vacancy
−$7.4K −$1.25/SF
EGI
$121.8K $20.71/SF
− OpEx
−$36.6K −$6.21/SF
NOI
$85.3K $14.50/SF
Area
Grand Rapids, MI
Vacancy
5.70%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,705,860
Cap Rate 7%
$1,218,471
Cap Rate 9%
$947,700
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 authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
595
Businesses Nearby
283k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 35%
Dining 30%
Shops & Services 20%
Home Improvements & Furnishings 15%
Meijer
Groceries
99,402 visits/mo
0.3 miles
The Home Depot
Home Improvements & Furnishings
41,384 visits/mo
0.1 miles
Meijer Gas Station
Shops & Services
19,913 visits/mo
0.2 miles
McDonald's
Dining
17,469 visits/mo
0.1 miles
Wendy's
Dining
13,600 visits/mo
0.4 miles
Demographics for 49544, MI
9,514
Population
4,195
Households
2.3
Avg Household Size
35
Median Age
34%
College-Educated
94%
High-School Grad
19.9 sq mi
ZIP Area
478
Density / Sq Mi
$69,706
Median Household Income
$43,785
Median Earnings
$1,119
Median Rent
$247,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Storefront property - C-4 zoning supports retail, personal service, medical, and office configurations.
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‑square‑foot multi‑tenant retail building; 0.59‑acre parcel with 100 feet of Alpine Avenue frontage; C‑4 commercial zoning supports retail, personal service, medical, and office uses
