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Property profile & analytics
OFF-MARKET
Drive through restaurants
4584 Chicago SW Dr, Grandville, MI 49418-1527
Entity Owned
Free & Clear
Property ID
US43-0903709
Property summary
AI-generated overview
This exceptional 2,300-square-foot freestanding commercial building, located at 4584 Chicago Drive SW in Grandville, Michigan, presents a unique opportunity for retail or restaurant businesses. Situated on a 0.55-acre lot, the property boasts excellent visibility and accessibility from Chicago Drive and M-196, ensuring high traffic exposure. The building is currently vacant and ready for immediate occupancy. Its single-tenant configuration offers flexibility and control for the new owner or lessee. The property is zoned commercial and features a convenient location near a variety of established businesses, including Meijer, Gordon Foods, At Home, Starbucks, and Dunkin' Donuts, creating a strong retail synergy. The Kent County location (APN 41-17-18-327-002) offers easy access to a thriving community. The building's previous use as an Arby's restaurant provides a solid foundation for a variety of potential uses. Pricing is negotiable. Showings are available by appointment.
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1982
Total area
2,618 SF
Lot
0.55 ac (23,958 SF)
Zoning code
C-3
APN
41-17-18-327-002
UPID
US43-0903709
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Chicago Dr Re Holdings LLC
Chicago Dr Re Holdings LLC
since 2025
Last sale
$327,500
4 recorded transactions
Zoning & alternative use
C-3 · Grandville, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Grandville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grandville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2021Property tax & assessments
Tax year 2021
Tax billed
$11,024
Tax year 2021
Assessed value
$276,200
Assessed 2023
Previous assessed
$272,600
+1.3% YoY
Effective rate
3.99%
On assessed value
Total market value
$552,400
Applied tax rate
58.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1982
Heating
NONE
Cooling
AC.PACKAGE
Buildings
1
Stories
1
Total area
2,618 SF
Lot
0.55 ac (23,958 SF)
Zoning code
C-3
APN
41-17-18-327-002
UPID
US43-0903709
Jurisdiction
KENT
Zoning & alternative use
C-3 · Grandville, MI
Zoning C-3 · permitted uses
C-3 · Grandville, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Grandville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1982
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
0.55 ac
Current owner
From public records · entity-resolved
Chicago Dr Re Holdings LLC
Entity
Free & Clear · 0 yrs held
Mailing address
3 GLENLAKE PKWY, ATLANTA, GA 30328-3584
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2025
—
Chicago Dr Re Holdings LLC
Sarmad Shayota
Quitclaim Deed
related
—
Apr 15, 2025
$327,500
Sarmad Shayota
Arc Cafeusa001 LLC
Deed
—
Oct 6, 2014
$2,091,917
Arc Cafeusa001 LLC
Ge Cap Franchise Finance Corp
Grant Deed
—
Oct 14, 2013
—
Arc Cafeusa001 LLC
Ge Cap Franchise Fin Corp
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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