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    2739 Breton Rd Grand Rapids, MI 49546

    Sponsored
    For Sale
    $1,844,550

    High-traffic location, strong NOI, excellent value.

    Property size:
    12,456 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional multi-tenant property in Grand Rapids, Michigan, presents a compelling investment opportunity. Located at 2739 Breton Rd SE, this two-story, 12,456 square foot building sits on a 1.34-acre lot and boasts 42 parking spaces. The property features a mix of restaurant and executive office space, currently operating at 100% occupancy with a Net Operating Income (NOI) of $87,394, representing a 4.74% cap rate. The asking price is $1,844,550, with a price per square foot of $148.09. A significant anchor tenant, Mr. & Mrs. Crab, is under a long-term lease with seven years remaining. The property benefits from its prime corner location at the intersection of 28th Street and Breton Road SE, adjacent to established businesses such as Shell, Wendy's, and Tile World, ensuring high visibility and foot traffic. Extensive renovations totaling $500,000 were completed in 2018. The property is zoned MON-C and offers a pro forma rent of $177,394 annually at 100% occupancy, suggesting a potential 8% cap rate and a valuation of $2,217,425. This represents a significant discount, offering substantial upside potential for the astute investor. The property is offered under a Triple Net (NNN) lease.

    Property Features for 2739 Breton Rd

    General Information

    Property type
    Restaurants
    Square Feet
    12,456 SF
    Lot Size
    58,370 SF

    Building Details

    Year Renovated
    2022
    Buildings
    1
    Stories
    2

    HighLights

    • Multi‑tenant retail/office center totaling 12,456 square feet.
    • Excellent corner location at 28th St and Breton Rd SE, Grand Rapids, MI, near established businesses.
    • Strong anchor tenant, Mr. & Mrs. Crab, with 7 years remaining on lease.
    • $500,000 in renovations completed in 2018.
    • 100% occupied, generating a $87,394 NOI, with a pro forma NOI of $177,394 at market rate.
    • Offered at $1,844,550, representing a 4.74% cap rate and significant upside potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    IN Sujith3 Thrift Store Mr. & Mrs. Crab ... Seafood Restaurant Mr and Mrs crab Seafood Restaurant Mr. and Mrs. Crab ... Seafood Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.6091845
    Latitude
    42.9135649

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    FAQs

    What type of property is this?
    Restaurant - High-traffic location, strong NOI, excellent value.
    Where is this restaurant located?
    The property is located at 2739 Breton Rd Grand Rapids, MI.
    What is the asking price?
    The asking price for this property is $1,844,550.
    What are key features of this property?
    This property features: Multi-tenant retail/office center totaling 12,456 square feet.; Excellent corner location at 28th St and Breton Rd SE, Grand Rapids, MI, near established businesses.; Strong anchor tenant, Mr. & Mrs. Crab, with 7 years remaining on lease.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2739 Breton Rd Grand Rapids, MI 49546
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