Multi-Parcel Commercial
For Sale
$1,750,000
760 Butterworth Street SW, Grand Rapids, MI 49504
Commercial Sale, Grand Rapids, MI
Property Size8,217 SF
Lot Size0.21 Acres
Price / SF$212.97
Days on Market183
Property Features for 760 Butterworth Street SW
General Information
Property type
Commercial Sale
Property subtype
Retail
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 3, Bathroom 2
Elementary school district
Grand Rapids
Middle school district
Grand Rapids
High school district
Grand Rapids
Directions
From Wealthy, north on Straight, property is on the right before intersection with Butterworth.
Standard status
Active
APN
41-13-25-351-001
Size
8,217 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
Legal description per attached document
Tax Annual Amount
5629
Legal Description
Legal description per attached document
Utilities
Utilities
Natural Gas Available
Heating system
Forced Air
Building Details
Year built
1920
Number of units
2
Listing Agency:
Greenridge Realty (EGR)
(616) 458-3655
Listed By:
Giuseppe Lupis
(616) 443-4821
Added: Apr 7
Changed: Sep 12
Last Checked: Oct 6 at 5:06AM
MLS# 26014102
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.
Investment Insights
Based on property information with market context.
This commercial land offering includes a 0.21-acre parcel measuring 8,217 square feet, along with two additional parcels identified at 767 Emperor St and 763 Emperor St. The property includes a structure built in 1920 with forced-air heating and three bathrooms. Natural gas is available.
The offering also includes a Class C liquor license, equipment, and a rental property. The property is located in Grand Rapids, within the 49504 ZIP code, and the source information identifies nearby GVSU, the downtown Amphitheater, and the upcoming Amway Stadium as surrounding points of interest.
The offering also includes a Class C liquor license, equipment, and a rental property. The property is located in Grand Rapids, within the 49504 ZIP code, and the source information identifies nearby GVSU, the downtown Amphitheater, and the upcoming Amway Stadium as surrounding points of interest.
Key Highlights
- 0.21‑acre parcel measuring 8,217 square feet
- Multi‑parcel offering including 760 Butterworth St SW, 767 Emperor St, and 763 Emperor St
- Structure built in 1920 with forced‑air heating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,716
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,814,320
$1.8M
Cap Rate 7%
$1,295,943
$1.3M
Cap Rate 9%
$1,007,956
$1.0M
Market Conditions
NOI Build-Up for 8,217 SF
Gross rent
$157.8K $19.20/SF
− Vacancy
−$12.6K −$1.54/SF
EGI
$145.1K $17.66/SF
− OpEx
−$54.4K −$6.62/SF
NOI
$90.7K $11.04/SF
Area
Grand Rapids, MI
Vacancy
8.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,814,320
Cap Rate 7%
$1,295,943
Cap Rate 9%
$1,007,956
Alternative Uses
Best Use
Mixed Use
$1.30M
$1.13M – $1.51M
NOI $90,716 @ 7.0% cap · market cap 5.18%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.91M
$1.67M – $2.22M
NOI $133,485 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
634
Businesses Nearby
Explore this area
Business Placement
Demographics for 49504, MI
41,249
Population
18,830
Households
2.2
Avg Household Size
33
Median Age
39%
College-Educated
90%
High-School Grad
11.1 sq mi
ZIP Area
3,716
Density / Sq Mi
$68,326
Median Household Income
$41,138
Median Earnings
$1,145
Median Rent
$222,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Commercial land - Three-parcel offering with an existing 1920-built structure, forced-air heating, and natural gas availability.
Where is this commercial land located?
The property is located at 760 Butterworth Street SW Grand Rapids, MI.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 0.21‑acre parcel measuring 8,217 square feet; Multi‑parcel offering including 760 Butterworth St SW, 767 Emperor St, and 763 Emperor St; Structure built in 1920 with forced‑air heating
