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Property profile & analytics
OFF-MARKET
Drive through restaurants

3715 Alpine NW Ave Comstock Park, MI 49321-8368

2,216 SF 0.77 ac lot Built 2018
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US43-4201523
Property summary
AI-generated overview

This prime 1.75-acre commercial lot, zoned C-2 (Restaurant/Commercial), presents a remarkable ground lease opportunity on Alpine Avenue NW, just north of the busy 4 Mile Road intersection. The property boasts exceptional visibility and high traffic counts, further enhanced by its proximity to a soon-to-be-built Panda Express, ensuring significant foot traffic. This strategic location places the property within a thriving retail corridor, surrounded by established national retailers such as Walmart, Target, and Best Buy, guaranteeing a strong customer base and consistent commercial activity. The property's APN is 41-09-35-491-001, situated in Kent County. The single-tenant ground lease offers a substantial annual income of $75,000. Public water and sewer services are readily available on-site, simplifying development and operational costs. This is an unparalleled chance to establish a successful business in a high-demand area with proven commercial success. The property is ideal for a variety of commercial uses, given its C-2 zoning. Don't miss this exceptional opportunity to secure a prominent location in a flourishing retail environment.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2018
Total area 2,216 SF
Lot 0.77 ac (33,541 SF)
Zoning code C-2
APN 41-09-35-491-001
UPID US43-4201523
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
Current use
Occupant on record · Public records
  • Panda Express Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Cft Nv Developments LLC · 6 yrs held
Cft Nv Developments LLC
since 2020
2 recorded transactions
2020
Price N/A
1969
Price N/A
Zoning & alternative use
C-2 · Comstock Park, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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