6597 Division AveGrand Rapids, MI 49548

  • Commercial real estate
  • 2,576 SF
For Sale
$499,000 View listing

Property Details for 6597 Division Ave

Year built
1974
Lot size
0.35 AC
Property size (Sq ft)
2,576 SF
Zone code
B1
Property type
Commercial real estate
APN
41-21-01-477-011
APU
412101477011

Description

This exceptional turnkey restaurant opportunity is located at 6597 Division Ave S in Grand Rapids, Michigan, 49548. The property boasts 2,576 square feet situated on a 0.35-acre lot, zoned B-1. The single-story building has been a successful restaurant for over 50 years, offering a long-standing history and established clientele. All fixtures, furniture, and equipment are included in the sale price of $499,000 ($199.92 per square foot). A significant advantage is the inclusion of a large, grandfathered pole sign and additional building signage, ensuring high visibility. The property benefits from ample parking and is conveniently located near the Spectrum Health facility on Division and 68th Street, providing excellent access to a large customer base. Seller financing options may be available to qualified buyers. This is a rare opportunity to acquire a well-established restaurant with a proven track record in a prime location. The property's long history, existing infrastructure, and strategic location make it an attractive investment for experienced restaurateurs.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $184,454
    Hospitality
    $168,959
    Educational
    $140,572
    Medical
    $145,406
    Retail
    $218,667

Location Insight

City
Grand Rapids
County
Kent
State
Michigan
Latitude
42.8441
Longitude
-85.6641
CBSA code
24340
CBSA name
GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2019
$4,706
-
-
$193,400
-
-
-
$386,800

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