Listed by CBRE
$4,381,666
3224 28th St
Details
Property Type Retail
Sub Type Storefront
Square Footage 5,975
Cap Rate 6%
NOI $262,900
Occupancy 100%
Tenancy Single
Lease Type NNN
Remaining Term 10
Price per SqFt $733
Year Built 1968
Year Renovated 2025
Acreage 0.870
New STNL Deal on Busy 28th St. in Grand Rapids, MI
Marketing description
CBRE is pleased to exclusively market a new freestanding Veterinary Emergency Group in Grand Rapids, Michigan, located at 3224 28th street. VEG signed a new lease in August of 2025 and expects to open for business in February 2026, following a $3,000,000+ investment in the space. 3224 28th street is an A+ location, near the intersection of 28th St and Broadmoor with over 33,638 VPD and 40,365 VPD on 28th St & Mall Service Dr. The property is located directly across from Woodland Mall, and in close proximity to West Michigan’s only Whole Foods, REI, and a recently announced Shake Shack.
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Listed by CBRE
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$262,900.00
$21,908.33/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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