NNN-Leased Furniture
For Sale
Contact for pricing
Pending
3160 28th St SE, Grand Rapids, MI 49512
The building is leased on a triple net basis with approximately five years remaining.
Property Size42,688 SF
Lot Size2.51 Acres
Days on Market142
Property Features for 3160 28th St SE
General Information
Standard status
Pending
Size
42,688 SF
Lot size
2.51 Acres
Property subtype
Retail
Building Details
Year Built
1969
Year Renovated
2017
Buildings
1
Tenancy
Single
Listing Agency:
NAI Wisinski of West Michigan - Grand Rapids
(616) 292-1828
Listed By:
Douglas Taatjes · License #MI 6502343179
Source:
Crexi
Added: Apr 11
Changed: Aug 29
Last Checked: Aug 29 at 3:44PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Wisinski of West Michigan - Grand Rapids
Investment Insights
Based on property information with market context.
The property includes a 42,688-square-foot building on approximately 2.514 acres at 3160 28th St SE. Constructed in 1969, the building underwent remodeling in 2017, providing an established commercial improvement for the current tenancy.
Ashley Furniture occupies the property under a triple net lease with approximately 5 years remaining. The combination of a sizable building, remodeled condition, and existing NNN lease structure defines the offering’s primary physical and contractual characteristics.
Ashley Furniture occupies the property under a triple net lease with approximately 5 years remaining. The combination of a sizable building, remodeled condition, and existing NNN lease structure defines the offering’s primary physical and contractual characteristics.
Key Highlights
- 42,688 square foot building
- Approximately 2.514 acres
- Constructed in 1969
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,060
Businesses Nearby
664k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 35%
Dining 32%
Shops & Services 16%
Home Improvements & Furnishings 8%
JCPenney
Apparel
85,610 visits/mo
0.4 miles
Barnes & Noble
Shops & Services
53,199 visits/mo
0.3 miles
Macy's
Apparel
50,845 visits/mo
0.3 miles
Kohl's
Apparel
47,204 visits/mo
0.5 miles
The Cheesecake Factory
Dining
45,891 visits/mo
0.2 miles
Demographics for 49512, MI
18,558
Population
8,870
Households
2.1
Avg Household Size
33
Median Age
38%
College-Educated
91%
High-School Grad
23.0 sq mi
ZIP Area
807
Density / Sq Mi
$70,955
Median Household Income
$41,538
Median Earnings
$1,229
Median Rent
$279,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - The building is leased on a triple net basis with approximately five years remaining.
Where is this nnn property located?
The property is located at 3160 28th St SE Grand Rapids, MI.
What are key features of this property?
This property features: 42,688 square foot building; Approximately 2.514 acres; Constructed in 1969
