Established Restaurant W/ Banquet Hall, Pos. Seller Financing!

Retail-Commercial for Sale
Also listed as Business Opportunity
Catylist Listing ID: 30210462
Property Subtypes: Free-Standing Building, Restaurant, Street Retail
Building Size (RSF): 5,136 SF
Gross Building Area: See Agent
Sale Price: $420,000
Unit Price: $81.78 PSF
Property Use Type: Business
Sale Terms: Cash to Seller, Purchase Money Mortgage, Owner Financing
Cap Rate: Undisclosed
Last Updated: 10/11/2018

Overview / Comments

Well Established restaurant in the Grand Rapids Area. Well located, corner lot with ample parking and great visibility. Great reputation and clientele.
Price includes real estate and business. Currently operating - Turn-key opportunity. Property also includes a separate building with an additional kitchen that can be used as a banquet facility. Located near the Spectrum Health Facility on Division and 68th. Easy access to 131 and M-6.
Seller financing / Terms available!

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Kent
Submarket/Township: S 131 Corridor
Tax ID/APN: 41-21-01-477-011 & 41-21-01-477-009
Retail Clientele: General, Family
Property Visibility: Excellent
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Good
Year Built: 1973
Roof Type: Gable
Parking Type: Surface
Parking Description: On - site
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,906 70,975 167,715
Median Age: 34.44 35.76 35.32
Households: 4,972 26,866 64,391
The information presented herein is provided as is, without warranty of any kind. Neither Commercial Alliance of REALTORS West Michigan nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.