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Property profile & analytics
OFF-MARKET
Strip malls

2986 28th SW St Grandville, MI 49418-2703

3.36 ac lot Built 1985
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US43-2708031
Property summary
AI-generated overview

This exceptional Grandville, MI commercial property offers 5,321 square feet of retail and office space, situated in a high-traffic shopping center on 28th St SW. The property features two available units: a 2,514 square foot space, previously a restaurant, now adaptable for retail, restaurant, or office use; and an adjacent 2,807 square foot space offering additional flexibility. Both units can be leased separately or combined. The location boasts approximately 25,000 cars passing daily, ensuring high visibility and brand exposure. The shopping center benefits from a diverse tenant mix, ample parking, and convenient access, creating a thriving commercial environment. This prime location is ideal for businesses seeking high visibility and a strong customer base in a well-established commercial hub. The property presents an unparalleled opportunity for growth and success for a variety of business concepts. The smaller unit is currently used for storage, retail, and events. This is a single-tenant opportunity within a larger retail center.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1985
Lot 3.36 ac (146,362 SF)
Zoning code C-3
APN 41-17-16-115-004
UPID US43-2708031
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
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
Oakestown Mall LLC · 3 yrs held
Oakestown Mall LLC
since 2023
1 recorded transaction
2023
Price N/A
Zoning & alternative use
C-3 · Grandville, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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