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Financial
Distress signals
Property profile

2521 Alpine Ave NW Grand Rapids, MI 49544

FOR SALE
Other commercial real estate
Property ID
US43-1844847
3,627 SF 0.93 ac lot Built 1998
Last sale Dec 2021 · $1,746,553
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This property is a former Fazoli’s restaurant constructed in 1998, configured with an existing drive-through layout suitable for food and beverage use. The building is supported by on-site parking and provides multiple ingress and egress points, along with both pylon and building signage. The site is located along Alpine Avenue near I-96 within a retail corridor that includes major retail and quick-service tenants, and the combination of established drive-through infrastructure, visible signage, parking, and vehicular access supports continued restaurant-oriented use.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2021

What does the county charge?
$16k
Tax billed · 2021
Assessed value · 2023$464k
Effective rate3.44%

Value estimate

· Oct 2026
$1.60M
$1.44M – $1.75M
NOI build-up
Gross scheduled income$83k
Vacancy & credit loss−$4k
Operating expenses−$20k
NOI · 184,416.28% cap applied$59k

Realmo valuation models over county records and 12 qualifying comparable sales.

Recently sold

What actually traded nearby?
$88/SF
Submarket average, outlier-cleaned · 377 recorded sales of this use type
Observed band · Q1–Q3$44 – $138
Qualifying comparables12

Cap rate analysis

How does the asset earn?
184,416.28%
$59k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C-1
JurisdictionKENT

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency22.4
Parking Facility11.7
HVAC Service10.9

Location

2521 Alpine Ave NW Grand Rapids, MI 49544
County assessor Recorded deeds · 6 transfers 12 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2440 Gaynor NW, Grand Rapids, MI 49544-1830 $335,000 Dec 2024 3,564 SF
3225 Alpine NW, Grand Rapids, MI 49544-1631 $1,504,880 Apr 2021 2,810 SF
2234 Alpine NW, Grand Rapids, MI 49544-1953 $325,000 Jul 2020 3,813 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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