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Applebees 1375 28th St SW 5,295 SF Retail Building Grand Rapids, MI 49509 $1,825,623 ($344.78/SF)

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INVESTMENT HIGHLIGHTS

  • Former Applebee's / New Restaurant / Redevelopment Opportunity
  • Between US 131 and I-196 Highway Interchanges on 28th St, SW.
  • 215'+ Frontage on Grand Rapids' most significant commercial corridor
  • PRICED AT CITY APPRAISED VALUE

EXECUTIVE SUMMARY

SVN / Investment Property Advisors is pleased to offer this former Applebee's with frontage on Grand Rapids most significant Commercial Artery. Potential New Restaurant or Redevelopment Opportunity on primary East-West Artery between US 131 and I-196 Highway Interchanges. PRICED AT CITY APPRAISED VALUE

PROPERTY FACTS

Sale Type
Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,295 SF
Building Class
C
Year Built
1996
Price
$1,825,623
Price Per SF
$344.78
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.07
Lot Size
1.67 AC
Opportunity Zone
Yes
Zoning
Commercial - Commercial
Parking
100 Spaces (18.89 Spaces per 1,000 SF Leased)
Frontage
217’ on 28th Street

AMENITIES

  • Dedicated Turn Lane
  • Pylon Sign
  • Signage

NEARBY MAJOR RETAILERS

Fifth Third Bank
Bank of America
Checkers
Rent-A-Center
Planet Fitness
Starbucks
Biggby Coffee
Family Fare Quick Stop

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
41-17-11-376-018
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$744,100 (2025)
  • Listing ID: 26761000

  • Date on Market: 10/3/2022

  • Last Updated:

  • Address: 1375 28th St SW, Grand Rapids, MI 49509

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