755 Michigan NE St Grand Rapids, MI 49503-3555
- Commercial real estate
- 2,885 SF
- 0.38 lot acres
Aug 09, 2024
Current Use by Public Records
- Taco Borracho / Taco Restaurant
Property Details for 755 Michigan NE St
- Year built
- 2013
- Lot size
- 0.38 lot acres
- Property size
- 2,885 SF
- Zone code
- TN-TBA
- Property type
- Commercial real estate
- APN
- 41-14-19-483-019
- APU
- 411419483019
Description
This exceptional turnkey restaurant and bar opportunity is located in Grand Rapids, Michigan, at 755 Michigan St NE, within the desirable Traditional Business Neighborhood zoning district. The property, encompassing 2,885 square feet on a 0.377-acre lot (APN 41-14-19-483-019), boasts a newly renovated interior (2023) and is ideally situated near the Medical Mile. The sale includes the real estate, all furniture, fixtures, and equipment (FFE), and a valuable liquor license. The establishment offers ample seating for 100 patrons indoors and an additional 95 seats outdoors. On-site parking accommodates 19 vehicles, supplemented by plentiful off-street parking in a nearby lot. This presents a unique chance for an operator to seamlessly continue existing operations or implement a fresh brand concept. The asking price for this fully equipped and licensed business is $1,650,000. The single-story building is ready for immediate occupancy.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Grand Rapids
- County
- Kent
- State
- Michigan
- Longitude
- -85.6501
- Latitude
- 42.9703
- CBSA code
- 24340
- CBSA name
- GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA
