4584 Chicago DrGrandville, MI 49418

Property Details for 4584 Chicago Dr

Year built

1982

Lot size

0.55 AC

Property size (Sq ft)

2,618 SF

Zone code

C-3

Property type

Drive through restaurants

APN

41-17-18-327-002

APU

411718327002

Description

This exceptional 2,300-square-foot freestanding commercial building, located at 4584 Chicago Drive SW in Grandville, Michigan, presents a unique opportunity for retail or restaurant businesses. Situated on a 0.55-acre lot, the property boasts excellent visibility and accessibility from Chicago Drive and M-196, ensuring high traffic exposure. The building is currently vacant and ready for immediate occupancy. Its single-tenant configuration offers flexibility and control for the new owner or lessee. The property is zoned commercial and features a convenient location near a variety of established businesses, including Meijer, Gordon Foods, At Home, Starbucks, and Dunkin' Donuts, creating a strong retail synergy. The Kent County location (APN 41-17-18-327-002) offers easy access to a thriving community. The building's previous use as an Arby's restaurant provides a solid foundation for a variety of potential uses. Pricing is negotiable. Showings are available by appointment.

• CAP approach

  CAP return

  Valuation

  6%

  $702,894

  6.5%

  $648,825

  7%

  $602,480

• Comparable approach

  Method

  Valuation

  Relative Method

  $859,306

  Geo Method

  $859,306

• Alternative Use

  Use

  Valuation

  Residential

  $547,308

  Hospitality

  $501,331

  Educational

  $417,102

  Medical

  $431,447

  Retail

  $648,825

Location Insight

City

Grandville

County

Kent

State

Michigan

Latitude

42.9051

Longitude

-85.7769

CBSA code

24340

CBSA name

GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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