440 Chavez Ave Grand Rapids, MI 49503
- Retail properties
- 12,425 SF
- 0.74 lot acres
Current Use by Public Records
- Retail properties
Property Details for 440 Chavez Ave
- Year built
- 2000
- Lot size
- 0.74 lot acres
- Property size
- 12,425 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a 12,425-square-foot, single-tenant, Class A storefront in Grand Rapids, Michigan. The property, located at 440 Cesar E. Chavez Ave SW, is a fee-simple ownership with a 0.74-acre lot and 20 parking spaces. The building, constructed in 2000, is currently 100% occupied by a credit-rated Sherwin-Williams store under a net lease (NNN) agreement. The lease has a remaining term of 15 years, commencing February 1, 2026, and includes a 7.5% rental increase every three years. The property boasts a strong net operating income (NOI) of $220,631, resulting in a 5.24% cap rate. The asking price is $4,210,515. The property is zoned TN-TCC (Traditional Neighborhood – Transitional City Center) and benefits from high visibility and exposure from US-131. Its prime location offers convenient access to major developments, including the Acrisure Amphitheatre and a new soccer stadium, and is minutes from Founders Brewery in downtown Grand Rapids. This investment offers a stable, income-generating asset with a strong tenant and significant upside potential. The property features 222 feet of frontage along Cesar E. Chavez Avenue.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Grand Rapids
- County
- Kent
- State
- Michigan
- Longitude
- -85.675
- Latitude
- 42.9553
