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    3500 Remembrance Rd Walker, MI 49534

    Sponsored
    For Sale
    $2,387,613

    Multi-tenant retail center, high occupancy.

    Property size:
    15,906 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a multi-tenant retail center located at 3500 Remembrance Rd NW, Grand Rapids, MI 49534, in Kent County. The property, built in 2004, boasts a substantial 15,906 square feet on a 2.45-acre lot, zoned C-1 Commercial. Currently operating at 100% occupancy, the building features a diverse tenant mix including Dollar Tree (anchor tenant since 2016), Spunky Monkey Vape Store, JJ Wright's Salon, Jia Yuan Chinese Restaurant, and Nicole's Summer Haze. All current leases extend at least through 2025, ensuring a stable income stream. The property enjoys a highly visible location on a major road with an estimated 10,000 vehicles per day, providing excellent accessibility and exposure. The asking price is $2,387,613, representing a price per square foot of $150.11 and a 5.80% cap rate with a Net Operating Income (NOI) of $138,416. This NNN-leased property offers a strong return on investment for the discerning buyer seeking a stable, multi-tenant retail asset in a prime Grand Rapids location. The property's strong tenant base and long-term leases make it an attractive investment opportunity with significant potential for future growth.

    Property Features for 3500 Remembrance Rd

    General Information

    Property type
    Restaurants
    Square Feet
    15,906 SF
    Lot Size
    106,722 SF

    Building Details

    Year Built
    2004

    HighLights

    • Multi‑tenant retail center at 3500 Remembrance Rd NW, Grand Rapids, MI 49534.
    • 15,906 square feet on a 2.45‑acre lot, built in 2004, C‑1 zoning.
    • 100% occupancy with diverse tenant mix including Dollar Tree (anchor tenant since 2016). Leases extend through at least 2025.
    • High visibility location on major road with approx. 10,000 vehicles per day.
    • Asking price: $2,387,613 ($150.11/SF), 5.80% cap rate, $138,416 NOI. NNN‑leased.
    Property Profile Location Intelligence

    Current Use by Public Records

    Jia Yuan Chinese Restaurant Spunky Monkey Smoke ... Smoke Shop Summer Haze Tanning ... Tanning Salon Jj Wright's Salon Hair Salon Dollar Tree Grocery Store

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Building Supply Gym & Fitness Accounting Firm Daycare Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Walker
    County
    Kent
    State
    Michigan
    Longitude
    -85.7551639
    Latitude
    42.9911232

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    FAQs

    What type of property is this?
    Restaurant - Multi-tenant retail center, high occupancy.
    Where is this restaurant located?
    The property is located at 3500 Remembrance Rd Walker, MI.
    What is the asking price?
    The asking price for this property is $2,387,613.
    What are key features of this property?
    This property features: Multi-tenant retail center at 3500 Remembrance Rd NW, Grand Rapids, MI 49534.; 15,906 square feet on a 2.45-acre lot, built in 2004, C-1 zoning.; 100% occupancy with diverse tenant mix including Dollar Tree (anchor tenant since 2016). Leases extend through at least 2025.
    Request Owner's contact information
    3500 Remembrance Rd Walker, MI 49534
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    Walker, MI 49534
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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
    3500 Remembrance Rd Walker, MI 49534
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