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    Grand Rapids, MI Shopping Centers for Sale

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    East Grand Rapids Retail Center
    Updated: Mar 30
    East Grand Rapids Retail Center

    4901-4923 28th Street Southeast, Grand Rapids, MI 49512

    $14,850,000
    74,250 sqft
    High‑profile retail asset in East Grand Rapids with national destination tenancy (Total Wine & More and Crunch Fitness).
    Both tenants are top‑performing national brands driving heavy, consistent customer traffic.
    New 10‑year corporate lease with 6 years remaining and minimal landlord responsibilities.
    Located in a robust retail node adjacent to Costco, Home Depot, Target, and other major retailers.
    Affluent and thriving market with a 3‑mile average household income of $106,830+.
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    This listing looks promising.

    Here's a quick look at some key insights for

    4901-4923 28th Street Southeast, Grand Rapids, MI, 49512

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    • Est. Cap Rate

      7.3%
      Above avg (5.9%)

    • Est. NOI

      $1.08M
      Annual

    • Price @ 7% Cap

      $15.38M
      Above asking
    View Property Analytics
    Grocery-Anchored Retail Center
    Updated: Jun 3
    Grocery-Anchored Retail Center

    6511 28th Street Southeast, Grand Rapids, MI 49546

    $925,000
    2,503 sqft 0.76 AC lot
    Grocery‑anchored retail center with 2,503 SF and 0.76 acres
    Strong demographics and easy access, suited for neighborhood retail and financial uses
    Financial Institution deed restriction applies to all Fifth Third/Comerica sales; closings won’t occur until September
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    Shops at Centerpoint Power Center
    Shops at Centerpoint Power Center

    3665 28th Street |, Grand Rapids, MI 49512

    Contact for pricing
    575,000 sqft

    575,000 SF open-air center at a high-traffic intersection.

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    Grocery-Anchored Retail Center Parcel
    Grocery-Anchored Retail Center Parcel

    6511 28th Street SE, Grand Rapids, MI 49546

    Contact for pricing
    2,503 sqft 0.76 AC lot

    Grocery-anchored shopping center site with easy access and a financial-institution deed restriction for certain bank sales.

    View details
    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 43 Potential Opportunities for your consideration. Besides 4 Active listings in Grand Rapids, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 31 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.

    Retail Center on Major Corridor
    Retail Center on Major Corridor

    518 North Beacon Boulevard, Grand Haven, MI 49417

    Contact for pricing
    40,428 sqft 4.12 AC lot

    40,428 SF shopping center with major-tenant mix and prominent US-31 corridor access in Grand Haven.

    View details
    Power Center Anchored by HomeGoods
    Power Center Anchored by HomeGoods

    3530 W Shore Dr, Holland, MI 49424

    Contact for pricing
    110,460 sqft

    Fee simple sale of a power center totaling 110,460 SF, anchored by HomeGoods and Dick’s.

    View details
    Corner Retail Space
    Corner Retail Space

    12659 Riley Street, Holland, MI 49424

    Contact for pricing
    1,150 sqft

    Positioned within Riley Plaza at the US-31 and Riley Street intersection.

    View details
    Multi-Tenant Retail Suites
    Multi-Tenant Retail Suites

    1830 172nd Ave, Grand Haven, MI 49417

    Contact for pricing

    South Village Plaza offers multiple retail suites totaling up to 14,732 SF with ample on-site parking.

    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.

    Commercially Zoned Development Land
    Commercially Zoned Development Land

    435 28th Street, Grand Rapids, MI 49548

    $399,000
    0.97 AC lot

    Commercially zoned land site offered for shopping center, fast food, or service station development.

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    Prime Land in Byron Center
    Prime Land in Byron Center

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

    $1,995,000
    3.20 AC lot

    Versatile land with high traffic, ideal for various commercial uses.

    View details
    Prime Land in Byron Center
    Prime Land in Byron Center

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

    $895,000
    1.76 AC lot

    Versatile land with high visibility and development potential in Byron Center.

    View details
    Prime Land in Byron Center
    Prime Land in Byron Center

    82,92,112 100th Street, Byron Center, MI 49315

    $1,595,000
    2.47 AC lot

    Versatile land suitable for retail, restaurant, or hospitality development.

    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.

    6800 Division S Ave
    WHOLESALE OUTLET, DISCOUNT STORE

    6800 Division S Ave, Grand Rapids, MI 49548-7102

    $440,000
    Estimated value
    11,163 sqft 1.40 AC lot
    View details
    949 4th Mile NW Rd
    WHOLESALE OUTLET, DISCOUNT STORE

    949 4th Mile NW Rd, Grand Rapids, MI 49544-8256

    $715,000
    Estimated value
    32,000 sqft 4.01 AC lot
    View details
    1300 Walker Vlg NW Dr
    SHOPPING CENTER, STRIP CENTER

    1300 Walker Vlg NW Dr, Grand Rapids, MI 49534

    $485,000
    Estimated value
    12,160 sqft 0.82 AC lot
    View details
    2321 44th SE St
    SHOPPING CENTER, STRIP CENTER

    2321 44th SE St, Grand Rapids, MI 49508-5015

    $375,000
    Estimated value
    2,482 sqft 4.36 AC lot
    View details
    6333 Kalamazoo SE Ave
    SHOPPING CENTER, STRIP CENTER

    6333 Kalamazoo SE Ave, Grand Rapids, MI 49508-7890

    $520,000
    Estimated value
    11,150 sqft 1.53 AC lot
    View details
    1510 Eastport SE Dr
    SHOPPING CENTER, STRIP CENTER

    1510 Eastport SE Dr, Grand Rapids, MI 49508-7884

    $490,000
    Estimated value
    10,235 sqft 1.25 AC lot
    View details
    6536 Division S Ave
    SHOPPING CENTER, STRIP CENTER

    6536 Division S Ave, Grand Rapids, MI 49548-7804

    Value Estimation by Request
    2,660 sqft 0.15 AC lot
    View details
    6540 Division S Ave
    SHOPPING CENTER, STRIP CENTER

    6540 Division S Ave, Grand Rapids, MI 49548-7804

    Value Estimation by Request
    4,686 sqft 0.34 AC lot
    View details
    13905 Ironwood NW Dr
    WHOLESALE OUTLET, DISCOUNT STORE

    13905 Ironwood NW Dr, Grand Rapids, MI 49534-1038

    $910,000
    Estimated value
    28,373 sqft 10.38 AC lot
    View details
    6700 Division S Ave
    SHOPPING CENTER, STRIP CENTER

    6700 Division S Ave, Grand Rapids, MI 49548-7834

    $300,000
    Estimated value
    6,336 sqft 0.35 AC lot
    View details
    6568 Division S Ave
    SHOPPING CENTER, STRIP CENTER

    6568 Division S Ave, Grand Rapids, MI 49548-7894

    $220,000
    Estimated value
    7,364 sqft 0.34 AC lot
    View details
    1035 4th Mile NW Rd
    SHOPPING CENTER, STRIP CENTER

    1035 4th Mile NW Rd, Grand Rapids, MI 49544-1504

    $305,000
    Estimated value
    13,000 sqft 1.13 AC lot
    View details
    51 Luce SW St
    WHOLESALE OUTLET, DISCOUNT STORE

    51 Luce SW St, Grand Rapids, MI 49534-9604

    $395,000
    Estimated value
    8,970 sqft 0.30 AC lot
    View details
    2841 Breton SE Rd
    SHOPPING CENTER, STRIP CENTER

    2841 Breton SE Rd, Grand Rapids, MI 49512-1743

    $340,000
    Estimated value
    6,528 sqft 0.61 AC lot
    View details
    1258 Madison SE Ave
    SHOPPING CENTER, STRIP CENTER

    1258 Madison SE Ave, Grand Rapids, MI 49507-1776

    $330,000
    Estimated value
    7,980 sqft 0.39 AC lot
    View details
    901 4th Mile NW Rd
    WHOLESALE OUTLET, DISCOUNT STORE

    901 4th Mile NW Rd, Grand Rapids, MI 49544-8208

    $330,000
    Estimated value
    8,280 sqft 1.18 AC lot
    View details
    2030 Lake Michigan Dr
    Neighborhood centers

    2030 Lake Michigan Dr, Grand Rapids, MI 49504

    Value Estimation by Request
    14,174 sqft
    View details
    6233 Division Ave
    Lifestyle centers

    6233 Division Ave, Grand Rapids, MI 49548

    Value Estimation by Request
    14,096 sqft
    View details
    6101-6161 Kalamazoo Ave
    Neighborhood centers

    6101-6161 Kalamazoo Ave, Grand Rapids, MI 49508

    Value Estimation by Request
    24,836 sqft
    View details
    5296 Eastern Ave
    Neighborhood centers

    5296 Eastern Ave, Grand Rapids, MI 49508

    Value Estimation by Request
    76,348 sqft 11.30 AC lot
    View details

    Grand Rapids, MI Shopping Centers Market Trends and Statistics

    Explore 35 shopping centers for sale in Grand Rapids, MI, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 654,256 square feet of properties for sale, with an estimated market value of $15,775,000.

    Sale prices for plazas in Grand Rapids, MI start at $925,000, averaging $7,887,500, and reaching up to $14,850,000 — 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

    Storefront properties 42
    Automotive properties 16
    Auto shops 14
    Shopping centers 7
    Showrooms 7

    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
    49546 $925K
    49512 $14.9M

    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)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Kent County

    Retail

    Office

    Residential Income

    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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    Most Searched ZIP Codes in Grand Rapids, MI

    • 49512
    • 49546

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