Retail Property with Strong Corridor
857 4 Mile Road Northwest Grand Rapids, MI 49544
857 4 Mile Road Northwest, Grand Rapids, MI, 49544
$775,000
For Sale
$775,000
Retail building on a busy corridor with strong access and signage, offering flexibility for qualified uses.
Property Size2,488 SF
Lot Size0.85 Acres
Price / SF$311.50
Days on Market49
Property Features for 857 4 Mile Road Northwest
General Information
- Standard status
- Active
- Size
- 2,488 SF
- Lot size
- 0.85 Acres
- Property subtype
- Retail
Listing Agency
(616) 799-6629
Listed by
Russ Bono, CCIM · License #MI 6501380200
(616) 799-6629
Source
Cbre
Added: Jun 3 Updated: Jul 10 at 1:48 pm Checked: Jul 20 at 6:34 am
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 Russ Bono, CCIM
Investment Insights
Based on property information with market context.
The property is a standalone retail building totaling 2,488 square feet on 0.85 acres. It is positioned along a busy retail corridor and is supported by convenient access and prominent signage.
The site is located at 857 4 Mile Road Northwest in Grand Rapids, Michigan, within a retail-focused stretch described as a busy Alpine Ave retail corridor. The property’s visibility and ease of access are key considerations for businesses seeking exposure to passing shoppers and drivers.
The current public remarks indicate a financial institution deed restriction associated with Fifth Third/Comerica sales, and that those transactions will not close until September. Prospective buyers should review the deed restriction requirements before planning any alternative uses, and confirm eligibility for their specific concept. With its retail configuration, accessible site layout, and corridor signage, the property may be suitable for qualified operators looking for a fixed retail presence with established roadside visibility.
The site is located at 857 4 Mile Road Northwest in Grand Rapids, Michigan, within a retail-focused stretch described as a busy Alpine Ave retail corridor. The property’s visibility and ease of access are key considerations for businesses seeking exposure to passing shoppers and drivers.
The current public remarks indicate a financial institution deed restriction associated with Fifth Third/Comerica sales, and that those transactions will not close until September. Prospective buyers should review the deed restriction requirements before planning any alternative uses, and confirm eligibility for their specific concept. With its retail configuration, accessible site layout, and corridor signage, the property may be suitable for qualified operators looking for a fixed retail presence with established roadside visibility.
Key Highlights
- 2,488 SF retail building on a busy Alpine Ave retail corridor
- 0.85‑acre site with strong access and signage
- Financial institution deed restriction: all Fifth Third/Comerica sales will not close until September
Local Financial Insights For Specialty 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 | $56.7k | $22.80 |
| − Vacancy | −$2.8k | −$1.14 |
| EGI | $53.9k | $21.66 |
| − OpEx | −$13.5k | −$5.42 |
| NOI | $40.4k | $16.25 |
2,488 SF · lease $22.80/SF/yr · vacancy 5.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$577.4K
$505.2K – $673.6K
NOI $40,418 @ 7.0% cap · market cap 5.22%
Second Best
Retail
$515.2K
$450.8K – $601.1K
NOI $36,066 @ 7.0% cap · market cap 4.65%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Comerica Bank
Bank
Comerica Bank - ATM
Atm
Similar For Sale Nearby
FAQs
What type of property is this?
Bank - Retail building on a busy corridor with strong access and signage, offering flexibility for qualified uses.
Where is this bank located?
The property is located at 857 4 Mile Road Northwest Grand Rapids, MI.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 2,488 SF retail building on a busy Alpine Ave retail corridor; 0.85‑acre site with strong access and signage; Financial institution deed restriction: all Fifth Third/Comerica sales will not close until September
