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    OFF-MARKET
    Retail properties & Spaces

    128 28Th St, Grand Rapids, MI 49548

    2,460 SF 0.18 ac lot Built 1980
    Property ID
    Property summary
    AI-generated overview

    This thriving restaurant, Bosna Express, presents a unique investment opportunity. Established for 23 years, this turnkey operation boasts 2,460 square feet of space in a prime location at 128 28th Street SW, Wyoming, MI 49548, situated on a hard corner with a lighted intersection in Kent County. The property sits on a 0.18-acre lot (APN: 41-17-13-226-005 & -007) and is zoned B-2. The building, constructed in 1980 and extensively renovated in 2021, features a single story and includes all necessary equipment for immediate operation. This includes tables, booths, prep tables, a 16-foot hood, grills, and a complete kitchen setup. A tavern license is also included in the sale. Significant upgrades have been made, including a new furnace (2017), new HVAC, roof, and tankless water heater (2018). The asking price is $599,000, representing a land value of $243.50 per square foot. This is a rare chance to acquire a well-established, profitable restaurant in a high-traffic area with significant recent improvements. The business is ready for a new owner to continue its success. This is a fully equipped, turn-key operation ready for immediate operation.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1980
    Total area 2,460 SF
    Lot 0.18 ac (7,841 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Bosna Express Restaurant
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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