Corner Storefront
For Sale
$299,000
757 Burton St SE, Grand Rapids, MI 49507
Standalone commercial building with on-site parking and zoning designated TN - TBA.
Property Size1,624 SF
Price / SF$184.11
Days on Market111
Property Features for 757 Burton St SE
General Information
Standard status
Active
Size
1,624 SF
Total Parking Spaces
8
Property subtype
Retail
Zoning
TN - TBA
Additional Details
Asking Price
$299,000
Corner Location
Yes
Amenities
8 Parking Spaces
Building Details
Year Built
1936
Buildings
1
Listing Agency:
Francis Realty Company
(517) 526-5977
Listed By:
Kyle Leonard
(517) 526-5977
Source:
Carwm.resimplifi
Added: May 13
Changed: Aug 30
Last Checked: Aug 30 at 2:34PM
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 Francis Realty Company
Investment Insights
Based on property information with market context.
This 1,624-square-foot storefront property was built in 1936 and includes an on-site parking lot. Its corner placement at Burton Street SE and Eastern Ave SE provides frontage along two thoroughfares and supports customer access, business signage, and exposure from both directions.
The property is positioned within Grand Rapids’ established residential and commercial surroundings and offers a practical setting for retail, office, or service-oriented use. Zoning is designated TN - TBA, and the building’s standalone configuration may also suit an owner-user seeking a visible commercial location.
The property is positioned within Grand Rapids’ established residential and commercial surroundings and offers a practical setting for retail, office, or service-oriented use. Zoning is designated TN - TBA, and the building’s standalone configuration may also suit an owner-user seeking a visible commercial location.
Key Highlights
- 1,624‑square‑foot commercial building
- Corner position at Burton Street SE and Eastern Ave SE
- Frontage along two thoroughfares
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,541
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$470,820
$470.8K
Cap Rate 7%
$336,300
$336.3K
Cap Rate 9%
$261,567
$261.6K
Market Conditions
NOI Build-Up for 1,624 SF
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.
Gross rent
$35.7K $21.96/SF
− Vacancy
−$2.0K −$1.25/SF
EGI
$33.6K $20.71/SF
− OpEx
−$10.1K −$6.21/SF
NOI
$23.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$470,820
Cap Rate 7%
$336,300
Cap Rate 9%
$261,567
Alternative Uses
Best Use
Retail
$336.3K
$294.3K – $392.4K
NOI $23,541 @ 7.0% cap · market cap 7.87%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$376.9K
$329.8K – $439.7K
NOI $26,382 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
521
Businesses Nearby
10k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 71%
Dining 29%
Family Dollar
Shops & Services
7,030 visits/mo
0.1 miles
Little Caesars Pizza
Dining
2,912 visits/mo
0.1 miles
Demographics for 49507, MI
38,137
Population
13,773
Households
2.8
Avg Household Size
30
Median Age
27%
College-Educated
78%
High-School Grad
5.5 sq mi
ZIP Area
6,934
Density / Sq Mi
$56,578
Median Household Income
$34,939
Median Earnings
$1,114
Median Rent
$179,600
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Fleurology Designs — 2210 Eastern Ave SE, Grand Rapids, MI 49507
Frequently Asked Questions
What type of property is this?
Storefront property - Standalone commercial building with on-site parking and zoning designated TN - TBA.
Where is this storefront property located?
The property is located at 757 Burton St SE Grand Rapids, MI.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 1,624‑square‑foot commercial building; Corner position at Burton Street SE and Eastern Ave SE; Frontage along two thoroughfares
