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5121 28th St SE
Grand Rapids, MI 49512
28th Street Plaza · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,780 SF
Building Class
C
Year Built/Renovated
1975/2016
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
1.10 AC
Zoning
Expressway Service - It is recommended that interested parties contact the Cascade Township Zoning to verify that their intended use conforms to the current zoning.
Parking
40 Spaces (6.8 Spaces per 1,000 SF Leased)
Frontage
155’ on 28th St

AMENITIES

  • Bus Line
  • Dedicated Turn Lane
  • Freeway Visibility
  • Pylon Sign
  • Signage
  • Signalized Intersection

ABOUT 5121 28TH ST SE , GRAND RAPIDS, MI 49512

The Jonna Group of Marcus & Millichap is pleased to exclusively present the sale of 28th Street Plaza located in Grand Rapids, Michigan. This Grand Coney-anchored shopping strip is 6,441 square feet sitting on 1.10 acres of land. It is strategically situated with excellent frontage on highly trafficked 28th Street, just off of Interstate 96. 28th Street is one of the busiest commercial streets in Grand Rapids, where business and leisure traffic alike travel and have access to the subject site daily. This area has very strong demographics, with approximately 38,202 people residing within a three -mile radius and 109,328 people within a five -mile radius of this property . The number of households has grown by 17.31% since 2000. This strip center is located on 28th Street which feeds directly from Interstate 96. These two roads boast significant traffic counts over 36,000 and 90,000 vehicles per day, respectively. Grand Rapids, nicknamed Furniture City, is a historic furniture -manufacturing center and is home to five of the world's leading office furniture companies . Its more common modern nickname of River City refers to the landmark river for which it was named . The city and surrounding communities are economically diverse, based in the health care, information technology, automotive, aviation, and consumer goods manufacturing industries, among others . Grand Rapids is also home to the John Ball Zoological Garden, Belknap Hill, and the Gerald R . Ford Museum . Significant buildings in the downtown area include the DeVos Place Convention Center, Van Andel Arena, the Amway Grand Plaza Hotel, and the JW Marriott Hotel . The Urban Institute for Contemporary Arts is located downtown, and houses art exhibits, a movie theater, and the urban clay studio . There are three minor league teams that are based out of Grand Rapids which include : the West Michigan Whitecaps who are affiliated with the Detroit Tigers (MLB), the Grand Rapids Griffins who are associated with the Detroit Red Wings (NHL), and the Grand Rapids Drive who are associated with the Detroit Pistons (NBA) . Additionally, Spectrum Health is headquartered within the city and is the largest employer in West Michigan, with 25,600 staff and 1,700 physicians in 2017 .

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
41-19-07-376-045
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$659,000
  • Listing ID: 16618400

  • Date on Market: 7/15/2019

  • Last Updated:

  • Address: 5121 28th St SE, Grand Rapids, MI 49512

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