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Property profile & analytics
FOR SALE
Shopping centers

4901-4923 28Th Street Ct Southeast Grand Rapids, MI 49512

74,250 SF
Property ID
US43-Q012146
No photos on file
For Sale
$14,850,000 74,250 SF
4901-4923 28Th Street Ct Southeast, Grand Rapids, MI 49512
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Property summary
AI-generated overview

Michigan's FIRST And BUSIEST Total Wine & More Location Brand New 10-Year Corporate Lease 6-Years RemainingMinimal Landlord Responsibilities New Roof (2021) W/ Warranty & All New HVAC Servicing The Total Wine SpaceCrunch Fitness Signed A New 10-Year Lease W/ Increases In Base Term & Option PeriodsNational Destination Tenancy — Crunch Fitness & Total Wine & More Both Tenants Are Top-Performing National Brands That Drive Heavy, Consistent Customer TrafficHigh-Profile Retail Asset Located In The Prestigious East Grand Rapids Sub-Market Affluent And Thriving Market 3-Mile Average Household Income Of $106,830+Positioned Along 28th Street SE And Accessible From Patterson Ave Combined Traffic Counts Exceed 59,255+ VPDImmediate Access To On/Off Ramps Of Interstate-96 (70,798+ VPD) 2.7 Miles To Gerald R. Ford International AirportStrong Surrounding Retail Trade Area Located In One Of Grand Rapids’ Most Robust Retail Nodes Adjacent To Costco, The Home Depot, Target, Dick's Sporting Goods, Staples, Bob Evans, Meijer, Longhorn Steakhouse, Starbucks, Applebee's And Many More National Credit Tenants, Major Big-Box Anchors, Restaurants, Hospitality, And Auto Dealerships — Reinforcing Long-Term Real Estate Demand And Liquidity

Property profile
Verified
Property type Shopping centers
Total area 74,250 SF
UPID US43-Q012146
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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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