2990 28Th St, Grandville, MI 49418
This exceptional 3.38-acre outlot, situated at 2990 28th St SW in Grandville, Michigan (zip code 49418), presents a remarkable opportunity for a retail, restaurant, or similar commercial development. Located within the Oakestown Mall in the Grand Rapids submarket, this single-tenant property boasts a highly desirable C3 zoning classification, allowing for a variety of uses. The site benefits from its location on a major thoroughfare, 28th Street SW, experiencing approximately 25,000 vehicles daily, ensuring high visibility and accessibility. The property is ideally suited for a drive-thru concept, with city pre-approval already in place for such a use within the specified zoning district. A concept site plan is available for review. While the listed acreage is an estimate and negotiable, along with price and lease terms, this presents a flexible opportunity for a long-term land lease. The address is not yet assigned. This location offers significant potential for a national or local brand seeking a high-traffic, established commercial area within the thriving Grandville community. The property is classified as Class C. Serious inquiries are encouraged to discuss the specifics of this unique opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.