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    132 Fulton St Grand Rapids, MI 49503

    For Lease
    $15 SF/Yr

    Prime Downtown Location, 3,546 SF

    Lot size:
    3,546 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 3,546-square-foot restaurant space, located at 132 Fulton Street East in Grand Rapids, Kent County, presents a unique investment opportunity. Previously home to the renowned Cottage Bar, established in 1927 and the first to obtain a liquor license after Prohibition, this single-tenant property boasts a rich history and prime location. Situated in the heart of Grand Rapids' city center, it enjoys unparalleled visibility and accessibility, benefiting from its proximity to major attractions. These include the Van Andel Arena, Grand Rapids Children's Museum, the Grand Rapids Community College DeVos Campus, and GLC Live at 20 Monroe. The property is move-in ready, offering immediate occupancy for a new culinary venture. A liquor license is available for separate purchase, providing a significant advantage for prospective buyers seeking to establish a bar or restaurant. This property is classified as retail, specifically a restaurant, and offers a substantial footprint for a variety of food and beverage concepts. Its central location within the vibrant Grand Rapids city center ensures high foot traffic and visibility, making it an ideal location for a successful business. The property's historical significance adds to its appeal, offering a unique opportunity to establish a business within a landmark building. Interested parties should inquire for further details.

    Property Features for 132 Fulton St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,546 SF

    Unit(s) available at that property

    Space
    Size
    3,546 SF
    Rate per SF
    $15

    HighLights

    • 3,546 square foot restaurant space in Grand Rapids, Kent County.
    • Single‑tenant retail property.
    • Move‑in ready condition.
    • Located in Grand Rapids' city center, near major attractions including Van Andel Arena and the Grand Rapids Children's Museum.
    • Liquor license available for separate purchase.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center 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
    -85.6652019
    Latitude
    42.962856

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    FAQs

    What type of property is this?
    Restaurant - Prime Downtown Location, 3,546 SF
    Where is this restaurant located?
    The property is located at 132 Fulton St Grand Rapids, MI.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 3,546 square foot restaurant space in Grand Rapids, Kent County.; Single-tenant retail property.; Move-in ready condition.
    Request Owner's contact information
    132 Fulton St Grand Rapids, MI 49503
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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
    132 Fulton St Grand Rapids, MI 49503
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