Grand Rapids, MI Sports & Entertainment Properties for Sale

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Belmont, MI Comstock Park, MI Ada, MI

Updated: Dec 4, 2025

Historic Grand Rapids Landmark Building

25 Sheldon Avenue SE, Grand Rapids, MI 49503

$5,250,000

48,211 sqft · 0.65 AC lot

Prime downtown Grand Rapids location with high walkability, near major attractions.
Substantial 48,211 SF building with historic architecture and modern upgrades (renovated 2016).
Versatile layout suitable for hospitality, entertainment, mixed‑use redevelopment, or large‑scale institutional use.
Unique features including a historic ballroom and a full basketball court.
Includes off‑street parking and a prominent entrance on Sheldon Avenue, offering high visibility and accessibility.

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This listing looks promising.

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25 Sheldon Avenue SE, Grand Rapids, MI 49503

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Est. Cap Rate

8.6%
Above avg (5.9%)
Est. NOI

$451K
Annual
Price @ 7% Cap

$6.44M
Above asking

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Updated: Sep 13, 2024

Grand Rapids Sports Bar/Nightclub

2662 Division Avenue S, Grand Rapids, MI 49507

$800,000

3,506 sqft · 0.10 AC lot

Turnkey sports bar and nightclub ready for new ownership.
Includes a coveted Class C liquor license.
Features a full‑service bar and indoor dining area.
Equipped with cutting‑edge music and lighting systems.
Consistent revenue growth since 2016.

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Historic Grand Rapids Mixed-Use Building

25 Sheldon Ave SE, Grand Rapids, MI 49503

$5,250,000

48,211 sqft

Landmark property in downtown Grand Rapids with historic architecture.

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Retail Property in Grand Rapids

4923 28th St SE, Grand Rapids, MI 49546

$14,500,000

74,250 sqft

Retail property with Total Wine and Crunch Fitness tenants.

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Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center

Based on your search, we've compiled 19 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 7 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.

Established FootGolf Course Opportunity

14620 Lincoln Lake Avenue NE, Gowen, MI 49326

$625,000

2,340 sqft · 1.38 AC lot

Well-established recreational facility with FootGolf, golf, and clubhouse.

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Versatile Commercial Building with Updates

2808 Milliron Rd, Muskegon, MI 49444

$350,000

9,000 sqft · 2.90 AC lot

Remodeled commercial building suitable for various uses, ample parking.

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Nightclub and Entertainment Venue

604 E Sherman Boulevard, Muskegon, MI 49444

$99,000

4,198 sqft · 0.43 AC lot

Vacant venue needing renovation, with liquor licenses included and 4,198 SF for entertainment-driven concepts.

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Established FootGolf Course and Clubhouse

14620 Lincoln Lake Ave, Gowen, MI 49326

$999,000

1.38 AC lot

Well-established FootGolf course, 3 par golf course, frisbee golf course and clubhouse.

Contact for pricing

0.50 AC lot

Cleared lot ready to build your golf front home.

Value Estimation by Request

13,936 sqft · 58.46 AC lot

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Grand Rapids, MI Sports & Entertainment Properties Market Trends and Statistics

Explore 11 sports & entertainment properties for sale in Grand Rapids, MI, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 174,178 square feet of properties for sale, with an estimated market value of $26,150,000.

Sale prices for sports & entertainment properties in Grand Rapids, MI start at $800,000, averaging $6,537,500, 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

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
49507	$800K
49503	$5.3M
49546	$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

Property Size Breakdown

The majority of commercial real estate listings in Grand Rapids fall within the 10,000 to 25,000 square foot range.

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