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Property profile & analytics

2450 Plainfield NE Ave Grand Rapids, MI 49505-3875

  • Commercial real estate
  • 1,728 SF
  • 0.15 lot acres
OFF-MARKET
Last Sale
Dec 17, 2024
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US43-4958334
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Fat Boy Burgers / American Restaurant / Breakfast Restaurant

Property Details for 2450 Plainfield NE Ave

Year built
1952
Lot size
0.15 lot acres
Property size
1,728 SF
Zone code
TN-TBA
Property type
Commercial real estate
APN
41-14-08-154-003
APU
411408154003

Description

This exceptional restaurant opportunity is located at 2450 Plainfield Ave NE in Grand Rapids, Michigan, 49505. The property boasts 1,728 square feet situated on a 0.15-acre lot, offering a prime location in a high-traffic neighborhood. Built in 1952 and renovated in 1999, this single-story masonry block building is situated on a hard corner, providing excellent visibility and accessibility. The asking price is $500,000, translating to $289.35 per square foot. The property features a single tenancy and is zoned TN-TBA, allowing for a variety of potential uses beyond its current configuration as a restaurant. All existing restaurant equipment is included in the sale, presenting a turnkey opportunity for a new owner. Its convenient location near downtown Grand Rapids and major highways ensures high visibility and easy access for customers. This is a rare chance to acquire a well-established business in a desirable location with significant potential for growth and future development. The property's strong history and versatile zoning make it an attractive investment for both seasoned restaurateurs and entrepreneurs seeking a profitable venture.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
Grand Rapids
County
Kent
State
Michigan
Longitude
-85.6496
Latitude
43.0079
CBSA code
24340
CBSA name
GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2021
$4,490
$0.00
$0.00
$151,800
-
$0.00
$0.00
$303,600
More about this property
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