Restaurants

Allendale, MI Restaurants for Sale

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Zeeland, MI Hudsonville, MI Coopersville, MI Jenison, MI West Olive, MI Grand Rapids, MI Grand Haven, MI Marne, MI
Arby’s NNN Restaurant Property
Updated: Oct 4
Arby’s NNN Restaurant Property

5187 Lake Michigan Dr, Allendale, MI 49401

$2,378,000
2,109 sqft
2,109‑square‑foot Arby’s restaurant
Absolute NNN lease
Lease guarantee from RTM Operating Company, LLC, an Inspire Brands subsidiary
Located in Allendale, within the Grand Rapids metropolitan area
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Drive-Through NNN Restaurant Property
Updated: Sep 30
Drive-Through NNN Restaurant Property

5181 Lake Michigan Dr, Allendale, MI 49401

Contact for pricing
2,109 sqft
2,109‑square‑foot restaurant building constructed in 2018
Drive‑through included
12 years remaining on NNN lease, backed by a corporate Arby’s guarantee
Rent increases 10% every five years, with multiple renewal options
More than 47,000 residents within five miles in the Grand Rapids MSA
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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
Based on your search, we've compiled 22 Potential Opportunities for your consideration. Besides 2 Active listings in Allendale, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 12 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Renovated Restaurant with Banquet Areas
Renovated Restaurant with Banquet Areas

4050 Chicago Dr SW, Grandville, MI 49418

$2,250,000
13,195 sqft

Two dining and bar sections each have separate entrances.

View details
Restaurant Building with Equipment
Restaurant Building with Equipment

1506 Chicago Dr SW, Wyoming, MI 49509

$320,000
2,228 sqft

Restaurant property with commercial kitchen equipment, dining furnishings, and B-2 zoning.

View details
Equipped Conventional Restaurant Space
Equipped Conventional Restaurant Space

1717 28th Street Sw B, Wyoming, MI 49519

$65,000
2,939 sqft

Restaurant space with commercial kitchen equipment, dining furnishings, POS hardware, and an installed sound system.

View details
Restaurant Building with Dedicated Parking
Restaurant Building with Dedicated Parking

4158 Chicago Dr SW, Grandville, MI 49418

Contact for pricing
6,229 sqft 1.13 AC lot

The interior includes two dining rooms, a central kitchen, and existing furniture, fixtures, and equipment.

View details

Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

B-1/B-2 Commercial Land
B-1/B-2 Commercial Land

Lake Michigan Drive, West Olive, MI 49460

$350,000
3.58 AC lot

Commercial development site with B-1 and B-2 zoning and phone service available.

View details
Commercial Land Site
Commercial Land Site

435 28th Street, Grand Rapids, MI 49548

$399,000
0.97 AC lot

Commercially zoned land with public water service and stated retail and service-use potential.

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C-2 Commercial Land
C-2 Commercial Land

12611 James Street, Holland, MI 49424

$595,000
2.03 AC lot

The parcel carries C-2 zoning and has electricity available.

View details
Retail Outlot Commercial Land
Retail Outlot Commercial Land

670 84th Street SW, Byron Center, MI 49315

$995,000
3.71 AC lot

Development parcel with public water and sewer service, natural gas available, and direct 84th Street frontage.

View details

Off-Market Properties in Allendale, MI

Consider similar Off-Market properties in Allendale, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

5180 Lk Michigan Dr
DRIVE-THRU RESTAURANT, FAST FOOD

5180 Lk Michigan Dr, Allendale, MI 49401-9582

Estimated value:
$1,270,000
2,596 sqft 0.87 AC lot
View details
4842 Lk Michigan Dr
DRIVE-THRU RESTAURANT, FAST FOOD

4842 Lk Michigan Dr, Allendale, MI 49401-9475

Estimated value:
$1,440,000
3,624 sqft 1.60 AC lot
View details
11221 Commerce Dr
DRIVE-THRU RESTAURANT, FAST FOOD

11221 Commerce Dr, Allendale, MI 49401-8222

Estimated value:
$410,000
2,720 sqft 1.20 AC lot
View details
5181 Lk Michigan Dr
DRIVE-THRU RESTAURANT, FAST FOOD

5181 Lk Michigan Dr, Allendale, MI 49401-9331

Estimated value:
$2,155,000
2,098 sqft 0.85 AC lot
View details
5128 Lk Michigan Dr
DRIVE-THRU RESTAURANT, FAST FOOD

5128 Lk Michigan Dr, Allendale, MI 49401-9582

Estimated value:
$560,000
4,300 sqft 4.26 AC lot
View details
4647 Lk Michigan Dr
RESTAURANT

4647 Lk Michigan Dr, Allendale, MI 49401-8842

Estimated value:
$340,000
1,860 sqft 0.48 AC lot
View details
5053 Lk Michigan Dr
DRIVE-THRU RESTAURANT, FAST FOOD

5053 Lk Michigan Dr, Allendale, MI 49401-9479

Estimated value:
$320,000
1,730 sqft 0.60 AC lot
View details
4989 Lk Michigan Dr
DRIVE-THRU RESTAURANT, FAST FOOD

4989 Lk Michigan Dr, Allendale, MI 49401-9527

Estimated value:
$425,000
2,241 sqft 0.59 AC lot
View details
10345 42nd Ave
RESTAURANT

10345 42nd Ave, Allendale, MI 49401-8337

Estimated value:
$635,000
2,636 sqft
View details
11240 University Pkwy
RESTAURANT

11240 University Pkwy, Allendale, MI 49401-8044

Estimated value:
$535,000
5,778 sqft 3.26 AC lot
View details
5371 Lk Michigan Dr
DRIVE-THRU RESTAURANT, FAST FOOD

5371 Lk Michigan Dr, Allendale, MI 49401-8453

Estimated value:
$280,000
3,327 sqft 2.58 AC lot
View details
5065 Lk Michigan Dr
RESTAURANT

5065 Lk Michigan Dr, Allendale, MI 49401-9479

Estimated value: by Request
7,884 sqft 2.13 AC lot
View details

Allendale, MI Restaurants Market Trends and Statistics

Explore 14 restaurants for sale in Allendale, MI on our real estate platform. These investment opportunities span a total of 4,218 square feet of properties for sale, with an estimated market value of $2,378,000.

Sale prices for restaurant properties in Allendale, MI average $2,378,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Conventional restaurants 1
Drive through restaurants 1

Demographics Overview

Population 29K
Population Growth (5Y) +19.2%
Median Household Income $73,020
College Educated 52.3%

Taxes & Financing

Tax Rate (average for all types) 3.36%
Property Tax per SF $78.35 per SF
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Ottawa County

New Delisted

Total CRE Inventory on Market (SF)

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