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    821 28Th St Wyoming, MI 49509

    Sponsored
    For Lease
    $17 SF/Yr ($11,933 /Mo)

    High-traffic, single-tenant retail space available.

    Lot size:
    7,978 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail property, located at 821-825 28th Street SW in Grand Rapids, Michigan, offers 7,978 square feet of total building space within a 0.55-acre lot. Currently, 1,260 square feet is vacant, presenting a prime opportunity for a single tenant. The building is a one-story strip center zoned DC in Kent County, with convenient access and high visibility. The property boasts a strategic location on the corner of 28th Street SW and Clyde Park, experiencing daily traffic exceeding 36,000 vehicles. This ensures significant exposure for your business. Previous tenants included a payday loan business, while current co-tenants are La Insurance and Boost Mobile. The property's single-tenant occupancy provides a focused and efficient retail environment. The available space is ideal for a variety of retail uses, benefiting from the established presence of complementary businesses in the immediate vicinity. This is a rare opportunity to secure a well-located, high-traffic retail space in a thriving Grand Rapids neighborhood. The property's size and location make it an attractive investment for businesses seeking strong visibility and accessibility. The zip code is 49509.

    Property Features for 821 28Th St

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,978 SF
    Total Rate
    11933.76

    Building Details

    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space
    Size
    1,260 SF
    Rate per SF
    $17

    HighLights

    • Asking rent: $17.95 per square foot annually.
    • 1,260 square feet of retail space available.
    • Annual percentage rent escalation.
    Property Profile Location Intelligence

    Current Use by Public Records

    L.A. Insurance Insurance Agency

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office 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
    Wyoming
    County
    Kent
    State
    Michigan
    Longitude
    -85.6863142
    Latitude
    42.9135933

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    FAQs

    What type of property is this?
    Neighborhood center - High-traffic, single-tenant retail space available.
    Where is this neighborhood center located?
    The property is located at 821 28Th St Wyoming, MI.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: Asking rent: $17.95 per square foot annually.; 1,260 square feet of retail space available.; Annual percentage rent escalation.
    Request Owner's contact information
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    Wyoming, MI 49509
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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
    821 28Th St Wyoming, MI 49509
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