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    2375 28Th St Wyoming, MI 49519

    Sponsored
    For Lease
    $20 SF/Yr ($18,091 /Mo)

    High-visibility retail building, 10,855 sq ft.

    Lot size:
    10,855 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 10,855-square-foot retail property, located at 2375 28th St SW in Wyoming, MI, presents a remarkable opportunity. The former CVS building sits on a prominent 1.3-acre lot at the hard-signalized intersection of 28th St SW and Byron Center Ave, boasting 260 feet of frontage on 28th St SW. The property offers three points of ingress/egress and ample parking with 52 spaces. Built in 1999, this Class B building is well-maintained and features a single-story design. The zoning is commercial, and the property's APN is 41-17-10-359-017 in Kent County. The high traffic counts of 50,000 vehicles per day on 28th St and Byron Center Ave make this an ideal location for a variety of retail uses. The property's large size and flexible layout allow for a single tenant occupancy or the possibility of subdividing into smaller units. Furthermore, a ground lease is available, with the option of splitting the lot into two parcels with shared access and parking. The owner is also open to build-to-suit options for the right tenant. This prime location offers exceptional visibility and presents a strong opportunity for a national tenant to establish a presence in this underserved retail corridor.

    Property Features for 2375 28Th St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,855 SF
    Class
    B
    Total Rate
    18091.67

    Building Details

    Year Built
    1999
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    10,855 SF
    Rate per SF
    $24

    HighLights

    • 10,855 SF retail building on a 1.3‑acre lot in Wyoming, MI.
    • High‑traffic location (50,000 VPD) at a signalized intersection with 260' of frontage.
    • Features 52 parking spaces and three points of ingress/egress.
    • Available for lease, ground lease, or build‑to‑suit.
    • Existing drive‑thru.
    Property Profile Location Intelligence

    Current Use by Public Records

    CVS Photo Passport Photo Processor LibertyX Bitcoin ATM Atm CVS Drug Store CVS Pharmacy Pharmacy MoneyGram Money Transfer Service

    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
    Wyoming
    County
    Kent
    State
    Michigan
    Longitude
    -85.7241544
    Latitude
    42.9144273

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    FAQs

    What type of property is this?
    Restaurant - High-visibility retail building, 10,855 sq ft.
    Where is this restaurant located?
    The property is located at 2375 28Th St Wyoming, MI.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: 10,855 SF retail building on a 1.3-acre lot in Wyoming, MI.; High-traffic location (50,000 VPD) at a signalized intersection with 260' of frontage.; Features 52 parking spaces and three points of ingress/egress.
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    Wyoming, MI 49519
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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
    2375 28Th St Wyoming, MI 49519
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