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Property summary
This exceptional turnkey restaurant and bar opportunity is located in Grand Rapids, Michigan, at 755 Michigan St NE, within the desirable Traditional Business Neighborhood zoning district. The property, encompassing 2,885 square feet on a 0.377-acre lot (APN 41-14-19-483-019), boasts a newly renovated interior (2023) and is ideally situated near the Medical Mile. The sale includes the real estate, all furniture, fixtures, and equipment (FFE), and a valuable liquor license. The establishment… offers ample seating for 100 patrons indoors and an additional 95 seats outdoors. On-site parking accommodates 19 vehicles, supplemented by plentiful off-street parking in a nearby lot. This presents a unique chance for an operator to seamlessly continue existing operations or implement a fresh brand concept. The asking price for this fully equipped and licensed business is $1,650,000. The single-story building is ready for immediate occupancy.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2021
Value estimate
· Sep 2026Realmo valuation models over county records and 8 qualifying comparable sales.
Recently sold
Cap rate analysis
Price anchors at 6 / 6.5 / 7% — in the full report.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 6 properties nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 2,885 SF
- Lot area
- 0.38 ac
- Year built
- 2013
- Stories
- 1
- APN
- 41-14-19-483-019
- Zoning
- TN-TBA
- Assessed value · 2023
- $473,200
- Annual tax · 2021
- $10,111
- Estimated market rent / SF
- Potential gross income
- Vacancy allowance
- Effective gross income
- Benchmark operating expenses
- Stabilized NOI
- Property tax · 2021
- $10,111
- Selected cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Grand Rapids market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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