Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4365 Canal SW Ave Grandville, MI 49418-2697
    Back to Search
    Property profile & analytics

    4365 Canal SW Ave, Grandville, MI 49418-2697

    View on Map
    • Strip malls
    • 24,822 SF
    • 3.19 lot acres
    Off-Market
    Property ID
    US43-0984233
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 4365 Canal SW Ave

    Year built
    2007
    Lot size
    3.19 lot acres
    Zone code
    C-5
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    41-17-19-378-001
    APU
    411719378001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 5, 2016 — Dip Big Rapids LLC — Deed · related $12.2M · Wells Fargo Bank NA

    Description

    This exceptional 1,200 square foot retail space is situated within the Rivertown Market, a single-story, Class C strip center totaling 24,822 square feet. Built in 2007, the property is located at 4365 Canal Avenue SW, Grandville, MI 49418, at the intersection of Canal and 44th, in the desirable Rivertown Corridor submarket of Kent County. The property boasts a 3.19-acre lot and is zoned for commercial use (APN: 41-17-19-378-001). This prime location offers excellent visibility and accessibility, with convenient access to I-196 and proximity to Rivertown Crossing Mall. The space benefits from a hard-lighted intersection and is situated along the main corridor, providing high traffic exposure. Current tenants include notable businesses such as Texas Roadhouse, The Gaming Warehouse, Tropical Smoothie Café, Jimmy Johns, and Sports Clips. The space is immediately available and subject to landlord approval of tenant use, credit, and lease terms. Minimum divisible space is 1,200 square feet, with a maximum contiguous space also of 1,200 square feet. Please refrain from contacting existing tenants or employees.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Grandville
    County
    Kent
    State
    Michigan
    Longitude
    -85.7732
    Latitude
    42.8856
    CBSA code
    24340
    CBSA name
    GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2021
    $67,055
    $0.00
    $0.00
    $1,835,700
    -
    $0.00
    $0.00
    $3,671,400

    Comparable in this City

    • Value Estimation by Request
      3.36 Acres

      3006 28th SW St

      SHOPPING CENTER, STRIP CENTER
      3006 28th SW St, Grandville, MI 49418-2704
      View Details
    • Value Estimation by Request
      25,656 SF

      4763 Wilson SW Ave

      SHOPPING CENTER, STRIP CENTER
      4763 Wilson SW Ave, Grandville, MI 49418-9015
      View Details
    • Value Estimation by Request
      28,215 SF

      3099 30th SW St

      SHOPPING CENTER, STRIP CENTER
      3099 30th SW St, Grandville, MI 49418-1192
      View Details
    • Value Estimation by Request
      3.36 Acres

      2976 28th SW St

      SHOPPING CENTER, STRIP CENTER
      2976 28th SW St, Grandville, MI 49418-2703
      View Details
    • Value Estimation by Request
      8,315 SF

      4187 Chicago SW Dr

      SHOPPING CENTER, STRIP CENTER
      4187 Chicago SW Dr, Grandville, MI 49418-1292
      View Details
    • Value Estimation by Request
      11,168 SF

      2930 Chicago SW Dr

      SHOPPING CENTER, STRIP CENTER
      2930 Chicago SW Dr, Grandville, MI 49418-1176
      View Details

    Similar Nearby for Sale

    • $895,000
      2,246 SF

      Grocery-Anchored Corner Retail Center

      For sale on a signalized corner lot in a busy commercial corridor, within a grocery-anchored center.
      4480 Wilson Ave Southwest, Grandville, MI 49418
      View Details
    • Contact for pricing
      1,347 SF

      Mixed-Use Building in Grandville

      Versatile mixed-use building with high visibility and flexible layout.
      3981 White St SW, Grandville, MI 49418
      View Details
    • $279,900
      Pending

      Grandville Mixed-Use Commercial Building

      Versatile mixed-use building in Grandville with high visibility and accessibility.
      3981 White St SW, Grandville, MI 49418
      View Details
    • Contact for pricing

      Established Antique Store Opportunity

      Turnkey antique and home decor business with existing inventory.
      4301 Canal Ave Southwest, Grandville, MI 49418
      View Details
    • $475,000
      Pending

      Grandville Duplex with Updated Interiors

      Well-maintained duplex in Grandville School District with strong rental history.
      4180 Ivanrest Ave SW, Grandville, MI 49418
      View Details
    • Contact for pricing
      12,250 SF

      Medical/Dental Investment Property For Sale

      Medical/dental investment property with ample parking and highway access.
      3050 Ivanrest Ave SW, Grandville, MI 49418
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      12,000 SF

      Grandville Marketplace Retail Space

      Retail space in well-located Grandville power center.
      4485 Canal Ave SW, Grandville, MI 49418
      View Details
    • Contact for pricing

      Former Sears Retail Space

      Located in vibrant retail area near Rivertown Crossings Mall.
      3622 Rivertown Pkwy, Grandville, MI 49418
      View Details
    • Contact for pricing

      Rivertown Crossings Mall Retail Opportunity

      Renovated retail space in vibrant West Michigan shopping destination.
      3668 Rivertown Pkwy, Grandville, MI 49418
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available for rent at 4700 Wilson Ave SW.
      4700 Wilson Ave SW, Grandville, MI 49418
      View Details
    • Contact for pricing

      Prime Retail Space in Grandville

      Excellent location in Grandville's bustling commercial district.
      4763 Wilson Ave SW, Grandville, MI 49418
      View Details
    • New
      Contact for pricing

      Office Suite with Private Entrance

      Rear office suite with private entrance, reception area, and a private office for client-focused professional uses.
      2845 Wilson Ave Southwest, Grandville, MI 49418
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4365 Canal SW Ave
    Grandville, MI 49418-2697
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4365 Canal SW Ave, Grandville, MI, 49418
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!