155 28Th St Grand Rapids, MI 49548
This exceptional 5.095-acre commercial land parcel presents a remarkable investment opportunity in Grand Rapids, Michigan. Located at 155 28th St SW, this property boasts a highly desirable location at the lighted, hard-corner intersection of Buchanan Avenue and 28th Street, ensuring exceptional visibility and accessibility. With over 500 feet of frontage, the site benefits from exposure to a daily traffic count exceeding 42,000 vehicles. Its proximity to the US-131 Interchange (less than 200 feet) further enhances its strategic advantage. The property's zoning designation is FBC-CE, allowing for a variety of commercial uses, including the possibility of a drive-thru facility. The asking price is $3,950,000, translating to approximately $804,410.50 per acre. The parcel's size and location make it ideal for a wide range of commercial developments, capitalizing on the high traffic volume and convenient access to major transportation routes. The property's APN is 41-17-12-476-013. This is a rare opportunity to acquire a prime commercial land parcel in a thriving Grand Rapids location. Serious inquiries are encouraged.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.