List Search

58 Ionia Ave SW
Grand Rapids, MI 49503 Downtown Grand Rapids

$3,660,000 USD

Restaurant For Sale  •  12,888 SF

Property Details

  • Property Type Restaurant
  • Total Building Size 12,888 SF
  • Lot Size 0.17 AC
  • Building Class B
  • Year Built 1900
  • Cap Rate 7.50 %
  • Tenancy Multiple
  • Zoning C
63 Transit Score
97 Walk Score

Highlights

NOI: $274,545
NNN Lease Type
5+ Years Remaining Lease Term
Two 5-Year Options with 3% Annual Increases
Single Tenant
Cap Rate: 7.50 %

Major Tenants

Tenant SF Occupied Lease End Date
Max's South Sea Hideaway

Amenities

  • Bus Line
  • Signage

Public Transportation

Commuter RailDriveWalkDistance
2 min 11 min 0.6 mi
AirportDriveWalkDistance
Gerald R Ford International 24 min - 15.1 mi
Murphy Wynsma 616-802-2608 Advantage Commercial Real Estate Services LLC
Murphy Wynsma 616-802-2608 Advantage Commercial Real Estate Services LLC