217 28th Street SE, Grand Rapids, MI 49507
$1,250,000
Property Type:
Commercial Sale
Square Footage:
5,000
Lot Size (sq. ft.):
74,793
Status:
Active
Current Price:
$1,250,000
List Date:
3/25/2024
Last Modified:
3/25/2024
Description
First time on the market, the iconic New Beginnings restaurant is available for purchase. 5,000 SF with 1.717 acres along busy 28th Street and less than 1.5 miles from US-131. This purchase is 100% turn-key and fully equipped, ready to open day one! Over 40 parking spots on the side and back. Do not miss this opportunity to own along 28th Street.
More Information MLS# 24014118
Location & Property Info
County: Kent
Street #: 217
Street Name: 28th
Suffix: Street
Post Direction: SE
State: MI
Zip Code: 49507
Cross Streets: 28th & Jefferson
Property Sub-Type: Retail/Commercial
Area: Grand Rapids - G
Municipality: City of Grand Rapids
Office/Contract Info
Status: Active
Current Price: $1,250,000
List Price: $1,250,000
Auction or For Sale: For Sale
List Price/SqFt: 250
Prop Avail for Lease?: No
Sub Agency: 3
Sub Agency Type: %
Buyer Agency: 3
Buyer Agency Type: %
Trans Coord Type: %
Listing Date: 2023-07-15
General Property Info
New Construction: No
Lot Measurement: Acres
Lot Acres: 1.72
Lot Square Footage: 74793
Lot Dimensions: 105 x 712
Year Built: 1971
Road Frontage: 105
Total # Units: 1
# Fin Bldg Lvls: 1
Total # Bldgs: 1
Total SqFt: 5000
Total Net SqFt: 5000
Full Baths: 2
Waterfront: No
School District: Grand Rapids
Tax Info
Tax ID #: 411807376037
Taxable Value: 197980
SEV: 307300
For Tax Year: 2024
Annual Property Tax: 9883
Tax Year: 2023
Spec Assessment & Type: none known
Zoning: TN-TBA
Remarks & Misc
Legal: Legal in Agent Remarks
Directions: 28th Street between Division & Madison
Additional Details
Ceiling Height: 12
SqFt Information
Total Bldg Retail Sq: 5000
Total Bldg SqFt (Gro: 5000
Property Features
Property Use: Business; Vacant/Owner-User
Uses: Restaurant; Retail
Ownership: LLC
Business Includes: Equipment; Real Estate
Construction Type: Block
Exterior Material: Brick
Roofing: Rubber
Below Grade: None
Sewer: Public
Water: Public
Utilities Attached: Cable; Electric; Natural Gas; Telephone
Util Avail at St: Cable; Electric; Natural Gas; Public Sewer; Public Water; Storm Sewer; Telephone
Heat Source: Electric
Heat Type: Forced Air
Air Conditioning: Central Air
Purchase Terms Avail: Cash; Conventional
Sale Conditions: None
Send to Econ Dev Org: MEDC
Listing Office: Signature Associates Kalamazoo
Listing Agent: Peter Cachey
Last Updated: March - 25 - 2024
The listing broker’s offer of compensation is made only to MichRIC member MLSs and a number of other MLSs throughout Michigan under a reciprocity agreement. For a current list visit mlshelp.com.
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.