Property profile

2121 Celebration NE Dr Grand Rapids, MI 49525

OFF-MARKET
Theaters & concert halls
Property ID
US43-1901204
145,127 SF 18.52 ac lot Built 2001
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

Discover a prime retail opportunity at Celebration Village North, situated in Kent County's thriving East Beltline/Knapp submarket. This 1,500 square foot space is part of a multi-tenant building, offering excellent visibility and accessibility within a high-traffic area. The property, identified by APN 41-14-10-476-002, boasts a dynamic mix of neighboring businesses, ensuring a consistent flow of potential customers. Currently, one suite is available for lease. Nearby established businesses include popular dining options like Sheshco Mediterranean and Jimmy Johns, as well as service providers such as Jude's Barbershop. This location provides exceptional exposure and is ideal for businesses seeking a vibrant and well-established retail environment. The space's versatility makes it suitable for a range of retail concepts. Don't miss this chance to become part of a thriving retail community in a rapidly growing area. The property is categorized as Retail, with a Multiple Tenancy structure. This presents a unique opportunity to establish a presence in a bustling commercial center. The property's location within the East Beltline corridor guarantees high visibility and convenient access for customers.

Property profile

Verified
Property type Theaters & concert halls
Use group THEATER (MOVIE)
Year built 2001
Total area 145,127 SF
Lot 18.52 ac (806,688 SF)
Zoning code SD-PRD
APN 41-14-10-476-002
UPID US43-1901204

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
  • Cinema Theater & Performing Art Venue
  • Barber Shop
  • Golf Instructor
  • Training Center Sports School
  • Marketing & Advertising Event Planning

Location

2121 Celebration NE Dr Grand Rapids, MI 49525-9302
Grand Rapids metro Census 11801 GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request

Owner & transaction history

since 2022
Last sale
$50,000
1 recorded transaction
2022
$50,000

Zoning & alternative use

SD-PRD · Grand Rapids, MI
Zoning description

The Planned Redevelopment District may be appropriate when it may be necessary or desirable to deviate from the standards in another Zone District to ensure that desirable and compatible development occurs

General category UNKNOWN

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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