Property profile

128 28Th St Grand Rapids, MI 49548

OFF-MARKET
Retail properties & Spaces
2,460 SF 0.18 ac lot Built 1980
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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

Current use

Occupant on record · Public records
  • Restaurant

Location

128 28Th St Grand Rapids, MI 49548
Grand Rapids 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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