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    2041 Eastern Ave Grand Rapids, MI 49507

    Sponsored
    For Lease
    $46 SF/Yr ($1,500 /Mo)

    Prime Drive-Thru Location, 387 SF

    Lot size:
    387 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 387-square-foot retail property presents a unique investment opportunity in Grand Rapids, Michigan. Situated on a 0.7-acre lot at 2041 Eastern Ave SE, 49507, this single-tenant building enjoys a high-visibility location directly in front of a bustling retail center, ensuring significant foot and vehicle traffic. The property's ideal location just south of Burton Street in the Grand Rapids submarket of Kent County makes it exceptionally well-suited for a variety of drive-thru businesses. Potential uses include, but are not limited to, a coffee shop, bank/ATM, fast-food restaurant, bakery, smoothie shop, pharmacy, liquor store, medical facility, or ice cream parlor. The current monthly rent is $1,500, plus common area maintenance charges. This property offers a compelling combination of prime location, convenient size, and strong potential for rental income, making it an attractive investment for discerning buyers seeking a high-return opportunity in a thriving market. The property's classification as retail with a drive-thru subtype underscores its versatility and adaptability to a range of commercial enterprises. Its strategic placement within a busy retail hub guarantees high visibility and accessibility, maximizing its potential for success. This is a rare opportunity to acquire a well-positioned, income-generating property in a desirable Grand Rapids location.

    Property Features for 2041 Eastern Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    387 SF
    Total Rate
    1500.27

    Unit(s) available at that property

    Space
    Size
    387 SF
    Rate per SF
    $46

    HighLights

    • 387 sq ft retail building on a 0.7‑acre lot in Grand Rapids, MI.
    • High‑visibility location at 2041 Eastern Ave SE, 49507, directly in front of a bustling retail center.
    • Ideal for drive‑thru businesses; suitable for coffee shop, bank/ATM, fast food, bakery, etc.
    • $1,500/month rent + CAM.
    Property Profile Location Intelligence

    Current Use by Public Records

    Fun Electronics & Games Game Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.648139183123
    Latitude
    42.925951749264

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    FAQs

    What type of property is this?
    Retail property - Prime Drive-Thru Location, 387 SF
    Where is this retail property located?
    The property is located at 2041 Eastern Ave Grand Rapids, MI.
    What is the lease rate?
    The lease rate is $46 SF/Yr.
    What are key features of this property?
    This property features: 387 sq ft retail building on a 0.7-acre lot in Grand Rapids, MI.; High-visibility location at 2041 Eastern Ave SE, 49507, directly in front of a bustling retail center.; Ideal for drive-thru businesses; suitable for coffee shop, bank/ATM, fast food, bakery, etc.
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    2041 Eastern Ave Grand Rapids, MI 49507
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    Grand Rapids, MI 49507
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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
    2041 Eastern Ave Grand Rapids, MI 49507
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