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    Grand Rapids, MI Restaurants for Sale

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    15 properties
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    Five-Suite Retail Property
    Updated: Sep 22
    Five-Suite Retail Property

    1809 Plainfield Avenue NE, Grand Rapids, MI 49503

    $650,000
    5,000 sqft 0.10 AC lot
    Approximately 5,000 square feet of rentable commercial space
    Five‑suite configuration with the entire building currently leased
    Restaurant suite includes commercial hood, fire‑suppression system, grease trap, and kitchen
    Recently renovated basement offices
    Located along Plainfield Avenue near restaurants, retailers, residential neighborhoods, and public transportation
    View details
    Two-Story Bar and Music Venue
    Updated: May 22
    Two-Story Bar and Music Venue

    760 Butterworth Street SW, Grand Rapids, MI 49504

    $1,475,000
    4,641 sqft 0.12 AC lot
    4,641‑square‑foot, two‑story commercial building on 0.12 acres
    Existing bar and music venue with Class C liquor license
    Upper floor includes an office and green room
    Recurring live music featuring national and local acts
    Commercial Improved zoning
    View details
    Equipped Nightclub and Sports Bar
    Equipped Nightclub and Sports Bar

    2662 Division Avenue S, Grand Rapids, MI 49507

    $800,000
    3,506 sqft 0.10 AC lot

    Established entertainment venue with indoor dining, full-service bar, professional lighting, and music systems.

    View details
    See hot listings in Grand Rapids

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
    Est. NOI available after sign in
    Local Demand available after sign in
    Mixed-Use Building with Storage
    Mixed-Use Building with Storage

    4000 Remembrance Rd NW, Grand Rapids, MI 49534

    $584,900
    8,446 sqft

    Five rentable units combine commercial kitchen infrastructure, office space, and substantial storage capacity.

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    Historic Mixed-Use Building
    Historic Mixed-Use Building

    111 Division Avenue S, Grand Rapids, MI 49503

    $2,790,000
    47,647 sqft 0.40 AC lot

    Four-level brick and stone property with adaptable commercial space, finished basement areas, and distinctive interior architectural details.

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    Historic Four-Story Mixed-Use Building
    Historic Four-Story Mixed-Use Building

    188 Monroe Ave NW, Grand Rapids, MI 49503

    $1,500,000
    11,880 sqft 0.07 AC lot

    Downtown property offers adaptive-reuse potential for hospitality, office, restaurant, or residential concepts.

    View details
    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Restaurant Space with Patio
    Restaurant Space with Patio

    2115 Plainfield Ave NE, Grand Rapids, MI 49505

    $785,000
    2,940 sqft

    Existing restaurant layout includes dedicated parking and outdoor seating along Plainfield Avenue.

    View details
    Multi-Level Restaurant and Banquet
    Multi-Level Restaurant and Banquet

    2739 Breton Rd SE, Grand Rapids, MI 49546

    $2,000,000
    12,456 sqft

    Well-maintained restaurant on the main floor with a banquet hall and an existing Class C liquor license.

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    Restaurant Space with Patio
    Restaurant Space with Patio

    755 Michigan St NE, Grand Rapids, MI 49503

    $1,495,000
    2,885 sqft

    Turnkey restaurant property with on-site parking, outdoor seating, FF&E, and a liquor license.

    View details
    Renovated Restaurant Building
    Renovated Restaurant Building

    932 Division Ave S, Grand Rapids, MI 49507

    $2,084,001
    7,274 sqft

    The building includes banquet and restaurant areas and was renovated in 2024.

    View details
    Turnkey Freestanding Restaurant
    Turnkey Freestanding Restaurant

    69 28th St SW, Grand Rapids, MI 49548

    Contact for pricing
    8,040 sqft

    Turnkey freestanding restaurant with new 2023 interior build and included FF&E, plus ample parking.

    View details
    Drive-Through Restaurant Building
    Drive-Through Restaurant Building

    2521 Alpine Ave NW, Grand Rapids, MI 49544

    Contact for pricing
    3,627 sqft

    Existing food-service improvements include signage, on-site parking, and multiple access points for customer circulation.

    View details
    Bar and Pub Property
    Bar and Pub Property

    760 Butterworth Street SW, Grand Rapids, MI 49504

    $1,475,000

    The property has natural gas forced-air heating and a paved exterior.

    View details
    Active Restaurant Asset Sale
    Active Restaurant Asset Sale

    608 Bridge St NW, Grand Rapids, MI 49504

    $350,000

    Furnishings, inventory, and a liquor license are included with the active restaurant.

    View details
    Iconic West Side Bar Opportunity
    Iconic West Side Bar Opportunity

    741 LEONARD St NW, Grand Rapids, MI 49504

    $1,999,999
    0.17 AC lot

    Iconic bar with apartments and liquor license for sale.

    View details
    Based on your search, we've compiled 47 Potential Opportunities for your consideration. Besides 15 Active listings in Grand Rapids, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 24 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.

    Historic Restaurant with Bar
    Historic Restaurant with Bar

    3965 W River Dr NE, Comstock Park, MI 49321

    $1,200,000
    7,692 sqft

    Includes the operating business, liquor license, real estate, residential house, and an additional vacant lot.

    View details
    Wendy's Restaurant For Sale
    Wendy's Restaurant For Sale

    4694 West River Drive Northeast, Comstock Park, MI 49321

    $1,876,265
    3,793 sqft

    Wendy’s NNN lease with over 11 years remaining.

    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

    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.

    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.

    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
    Commercial Development Land
    Commercial Development Land

    82-136 100th Street, Byron Center, MI 49315

    $1,995,000
    3.20 AC lot

    Commercial land near a fuel station, with road access, ingress/egress, and utilities to be extended to the site.

    View details
    Commercial Land Parcel
    Commercial Land Parcel

    92 & 82 100th Street, Byron Center, MI 49315

    $895,000
    1.76 AC lot

    Commercial land with substantial roadway exposure and future access, ingress, egress, and utility requirements.

    View details

    Off-Market Properties in Grand Rapids, MI

    Consider similar Off-Market properties in Grand Rapids, 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.

    1553 Plainfield NE Ave
    RESTAURANT

    1553 Plainfield NE Ave, Grand Rapids, MI 49505-4977

    Estimated value:
    $355,000
    5,390 sqft 0.11 AC lot
    View details
    506 Leonard NW St
    BAR, TAVERN

    506 Leonard NW St, Grand Rapids, MI 49504-4258

    Estimated value:
    $335,000
    2,975 sqft 0.06 AC lot
    View details
    1636 Eastern SE Ave
    RESTAURANT

    1636 Eastern SE Ave, Grand Rapids, MI 49507-2000

    Estimated value:
    $370,000
    1,673 sqft 0.34 AC lot
    View details
    900 Fulton W St
    DRIVE-THRU RESTAURANT, FAST FOOD

    900 Fulton W St, Grand Rapids, MI 49504-6215

    Estimated value:
    $515,000
    2,619 sqft 0.40 AC lot
    View details
    3445 28th SE St
    RESTAURANT

    3445 28th SE St, Grand Rapids, MI 49512-1601

    Estimated value: by Request
    8,203 sqft 1.95 AC lot
    View details
    2260 Alpine NW Ave
    DRIVE-THRU RESTAURANT, FAST FOOD

    2260 Alpine NW Ave, Grand Rapids, MI 49544-1953

    Estimated value:
    $500,000
    1,056 sqft 0.76 AC lot
    View details
    6454 Division S Ave
    RESTAURANT

    6454 Division S Ave, Grand Rapids, MI 49548-7840

    Estimated value:
    $1,210,000
    6,588 sqft 1.38 AC lot
    View details
    1342 Cesar E Chavez SW Ave
    DRIVE-THRU RESTAURANT, FAST FOOD

    1342 Cesar E Chavez SW Ave, Grand Rapids, MI 49503-8041

    Estimated value: by Request
    725 sqft 0.31 AC lot
    View details
    2057 Division S Ave
    RESTAURANT

    2057 Division S Ave, Grand Rapids, MI 49507-3053

    Estimated value:
    $310,000
    9,464 sqft 0.21 AC lot
    View details

    Grand Rapids, MI Restaurants Market Trends and Statistics

    Explore 39 restaurants for sale in Grand Rapids, MI, showcased through 15 active listings on our real estate platform. These investment opportunities span a total of 118,342 square feet of properties for sale, with an estimated market value of $17,988,900.

    Sale prices for restaurant properties in Grand Rapids, MI start at $350,000, averaging $1,383,761, and reaching up to $2,790,000 — 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 18
    Bars & Pubs 8
    Drive through restaurants 3
    Coffee shops 2
    Breakfast & diners 1

    Demographics Overview

    Population 434K
    Population Growth (5Y) +2.4%
    Median Household Income $74,271
    College Educated 24.5%

    High-Yield Neighborhoods for Investment

    Identify Grand Rapids submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49534 $584.9K
    49505 $785K
    49504 $1.3M
    49507 $1.4M
    49503 $1.6M

    Taxes & Financing

    Tax Rate (average for all types) 3.15%
    Property Tax per SF $44.85 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Kent County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Grand Rapids fall within the 2,500 to 5,000 square foot range.

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    Browse Restaurants for Sale Near Grand Rapids, MI

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    Most Searched ZIP Codes in Grand Rapids, MI

    • 49503
    • 49504
    • 49507
    • 49505
    • 49534
    • 49544
    • 49546
    • 49548

    Featured Grand Rapids Real Estate Agencies

    Realmo connects you with licensed Grand Rapids CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Greenridge Realty Inc.
    3115 Orchard Vista Dr. S.E. Grand Rapids, MI 49546
    Phone: 16169745042
    www.greenridge.com/
    Berkshire Hathaway HomeServices Michigan Real Estate
    3000 E Beltline NE Grand Rapids, MI 49525
    Phone: 18778087007
    www.BHHSMichiganRealEstate.com
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