Restaurant Building with Arcade
For Sale
Contact for pricing
Pending
53 Commerce Ave SW, Grand Rapids, MI 49503
Downtown restaurant building with arcade games and a net lease in place.
Property SizeContact for details
Days on Market141
Property Features for 53 Commerce Ave SW
General Information
Standard status
Pending
Property subtype
Retail
Building Details
Tenancy
Single
Listing Agency:
Advantage Commercial Real Estate
(616) 327-2800
Listed By:
Michael Visser · License #6501368970
Source:
Crexi
Added: Apr 12
Changed: Aug 29
Last Checked: Aug 29 at 3:41PM
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 Advantage Commercial Real Estate
Investment Insights
Based on property information with market context.
Stella’s is an operating restaurant property in downtown Grand Rapids with a distinctive entertainment component that includes arcade games and a selection of more than 250 unique whiskeys. The property is associated with burgers and a well-established restaurant concept.
The building is within walking distance of Van Andel Arena and the Celebration Cinema Studio Park development. A tenant occupies the facility under a 10-year net lease, with 4 years remaining and annual rent increases of 3%.
The building is within walking distance of Van Andel Arena and the Celebration Cinema Studio Park development. A tenant occupies the facility under a 10-year net lease, with 4 years remaining and annual rent increases of 3%.
Key Highlights
- Operating restaurant concept with arcade games
- More than 250 unique whiskeys associated with the property
- Located in downtown Grand Rapids
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,139
Businesses Nearby
28k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 34%
Dining 33%
Hotels & Casinos 29%
Home Improvements & Furnishings 5%
Residence Inn Grand Rapids Downtown
Hotels & Casinos
8,031 visits/mo
0.2 miles
Mobil
Shops & Services
7,368 visits/mo
0.3 miles
Leo's Coney Island
Dining
3,662 visits/mo
0.1 miles
SUBWAY
Dining
3,211 visits/mo
0.4 miles
BIGGBY COFFEE
Dining
2,099 visits/mo
0.4 miles
Demographics for 49503, MI
39,344
Population
19,017
Households
2.1
Avg Household Size
30
Median Age
44%
College-Educated
88%
High-School Grad
7.3 sq mi
ZIP Area
5,390
Density / Sq Mi
$61,734
Median Household Income
$36,694
Median Earnings
$1,207
Median Rent
$224,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Downtown restaurant building with arcade games and a net lease in place.
Where is this conventional restaurant located?
The property is located at 53 Commerce Ave SW Grand Rapids, MI.
What are key features of this property?
This property features: Operating restaurant concept with arcade games; More than 250 unique whiskeys associated with the property; Located in downtown Grand Rapids
