Commercial Land with Existing
For Sale
$1,500,000
817 Oxford St SW, Grand Rapids, MI 49503
An operating grocery and convenience store occupies the parcel, while the offering covers the real estate only.
Property Size8,109 SF
Price / SF$184.98
Days on Market10
Property Features for 817 Oxford St SW
General Information
Standard status
Active
Size
8,109 SF
Property subtype
Land
Zoning
TN-TBA
Listing Agency:
Bradley Company
Listed By:
Dan Burns
(616) 204-2876
Source:
Carwm.resimplifi
Added: Oct 6
Changed: Oct 13
Last Checked: Oct 14 at 7:43PM
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 Bradley Company
Investment Insights
Based on property information with market context.
The 0.637-acre commercial land parcel is improved with an 8,109-square-foot building currently used as an operating grocery and convenience store. The real estate is offered separately; the business, inventory, and liquor license may be available in a separate transaction. Zoning is TN-TBA, identified as Traditional Business Area. Higher-density infill concepts, including residential, mixed-use, or commercial development, would be subject to applicable approvals.
The property is at 817 Oxford St SW in Grand Rapids’ Black Hills neighborhood, southwest of downtown. Its surroundings include homes and neighborhood businesses, with access to downtown Grand Rapids.
The property is at 817 Oxford St SW in Grand Rapids’ Black Hills neighborhood, southwest of downtown. Its surroundings include homes and neighborhood businesses, with access to downtown Grand Rapids.
Key Highlights
- 0.637‑acre site at 817 Oxford St SW
- Existing 8,109‑square‑foot grocery and convenience store
- Zoned TN‑TBA (Traditional Business Area)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$131,731
Cap Rate
8.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,634,620
$2.6M
Cap Rate 7%
$1,881,871
$1.9M
Cap Rate 9%
$1,463,678
$1.5M
Market Conditions
NOI Build-Up for 8,109 SF
Gross rent
$184.9K $22.80/SF
− Vacancy
−$9.2K −$1.14/SF
EGI
$175.6K $21.66/SF
− OpEx
−$43.9K −$5.42/SF
NOI
$131.7K $16.25/SF
Area
Grand Rapids, MI
Vacancy
5.00%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,634,620
Cap Rate 7%
$1,881,871
Cap Rate 9%
$1,463,678
Alternative Uses
Best Use
Specialty Retail
$1.88M
$1.65M – $2.20M
NOI $131,731 @ 7.0% cap · market cap 8.78%
Second Best
Retail
$1.68M
$1.47M – $1.96M
NOI $117,546 @ 7.0% cap · market cap 7.84%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
552
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Commercial land - An operating grocery and convenience store occupies the parcel, while the offering covers the real estate only.
Where is this commercial land located?
The property is located at 817 Oxford St SW Grand Rapids, MI.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 0.637‑acre site at 817 Oxford St SW; Existing 8,109‑square‑foot grocery and convenience store; Zoned TN‑TBA (Traditional Business Area)
