Grand Rapids, Michigan, is a prime location for investing in Restaurants For Sale, with its diverse economy, rich cultural scene, and strong infrastructure. As the second-largest city in Michigan, Grand Rapids offers a unique blend of small-town charm and big-city amenities, making it an attractive destination for businesses and tourists alike. Restaurants in Grand Rapids can cater to a wide range of customers, from locals to visitors, and can thrive in the city's dynamic food scene. With a strong presence of office furniture companies, health care, information technology, automotive, and consumer goods manufacturing, Grand Rapids provides a solid foundation for restaurants to succeed. The city's amenities, such as the Gerald R. Ford Presidential Museum, John Ball Zoological Garden, and various historic sites and museums, also make it an attractive location for restaurants to capitalize on tourist traffic. Additionally, Grand Rapids is recognized for its prominent craft beer culture, making it a popular destination for tourists and locals alike.
With 5 Restaurants For Sale in Grand Rapids, investors have a wide range of options to choose from. From casual eateries to fine dining establishments, Grand Rapids offers a diverse range of restaurant opportunities. The city's infrastructure, including the Grand Rapids Police Department, The Rapid public bus transportation, and major roads like I-96 and US 131, ensures that restaurants are easily accessible to customers. Additionally, the city's major transportation facilities, such as the Gerald R. Ford International Airport and the Grand Rapids train station, provide convenient access to the city for visitors. Other property types available in Grand Rapids include Apartment Buildings, Shopping Centers, Specialty Properties, and Hotels, each offering unique investment opportunities. The city's strong economy, rich cultural scene, and solid infrastructure make it an attractive location for investors looking to capitalize on the growing demand for restaurants and other commercial properties.
What is the average cost per square foot for a restaurant in Grand Rapids?
For those looking to invest in the Grand Rapids restaurant scene, the average cost per square foot for a restaurant in this city is $519 USD per square foot, with available listings totaling 5 and average sizes ranging from 6,659 square feet to 12,888 square feet.
What factors determine the value of a restaurant for sale in Grand Rapids?
The value of a restaurant for sale in Grand Rapids is determined by several factors, including:
- Location, with proximity to popular attractions, such as the Gerald R. Ford Museum and the John Ball Zoological Garden, and accessibility to major roads like I-96 and US 131, contributing to foot traffic and visibility;
- Size and layout, with an average size of 6,659 square feet and a maximum size of 12,888 square feet, influencing seating capacity, kitchen space, and overall functionality;
- Financial performance, including the average cap rate of 6.58% and the average price per square foot of $519 USD, which affect the restaurant's profitability and return on investment.
