4923 28th St SE, Grand Rapids, MI 49546
Retail property with Total Wine and Crunch Fitness tenants.
- Added:
- Feb 5, 2026
- Days on Market:
- 142
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 4923 28th St SE
General Information
- Standard status
- Active
- Size
- 74,250 SF
- Property subtype
- Retail
Listing office Encore Real Estate Investment Services
Listing date Feb 5, 2026
Source Crexi
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 Encore Real Estate Investment Services
HighLights
- 100% occupancy
- Anchored by Total Wine and Crunch Fitness
- Prime retail location in Grand Rapids
- Proven track record of success
- Strong tenant lineup
- Excellent investment opportunity
Overview
Local 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 | $1.63M | $21.96 |
| − Vacancy | −$92.9k | −$1.25 |
| EGI | $1.54M | $20.71 |
| − OpEx | −$461.3k | −$6.21 |
| NOI | $1.08M | $14.50 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Roaring Twenties Plaza — 4599 28th St SE, Kentwood, MI 49512
- Waterfall Shoppes — 5070 28th St SE Suite C, Grand Rapids, MI 49512
Location Insight
- Map
- Local Demand
- City
- Grand Rapids
- County
- Kent
- State
- Michigan
- Longitude
- -85.546052
- Latitude
- 42.913127
