Property profile

2990 28Th St Grandville, MI 49418

OFF-MARKET
Retail properties & Spaces
3.38 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Lot 3.38 ac (147,233 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2990 28Th St Grandville, MI 49418
Grandville metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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