Realmo Analytics

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Property profile

755 Michigan St NE Grand Rapids, MI 49503

FOR SALE
Commercial real estate
Property ID
US43-3890950
2,885 SF 0.38 ac lot Built 2013
Last sale Aug 2024
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

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…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2021

What does the county charge?
$10k
Tax billed · 2021
Assessed value · 2023$473k
Effective rate2.14%

Value estimate

· Nov 2026
$515k
$464k – $567k
NOI build-up
Gross scheduled income$66k
Vacancy & credit loss−$3k
Operating expenses−$16k
NOI · 3.13% cap applied$47k

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

What actually traded nearby?
$104/SF
ZIP average, outlier-cleaned · 73 recorded sales of this use type
Observed band · Q1–Q3$55 – $152
Qualifying comparables10

Cap rate analysis

How does the asset earn?
3.13%
$47k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
TN-TBA
JurisdictionKENT

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service11.8
Electrical Service10.4
Barber Shop9.9

Location

755 Michigan St NE Grand Rapids, MI 49503
County assessor Recorded deeds · 4 transfers 10 qualifying comp sales Zoning catalog

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 nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
190 Monroe NW, Grand Rapids, MI 49503-2619 $700,000 Dec 2024 3,875 SF
722 Eastern SE, Grand Rapids, MI 49503-5519 $300,000 Aug 2024 2,594 SF
515 Lyon NE, Grand Rapids, MI 49503-3443 $100,750 Jul 2024 3,434 SF
305 Cedar NE, Grand Rapids, MI 49503-1626 $77,500 Jan 2024 2,948 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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