- For Sale $5,400,000
- Property Type Other
- Property Size 32,640 SF
- Lot Size 2.27 Acre
- Year Built 1974
- Date Updated Sep 18, 2026
Description
Population MSA Grand Rapids, MI 1,183,645
Just a short drive from the downtown area, visitors can explore the Grand Rapids Art Museum, the Frederik Meijer Gardens & Sculpture Park, and the bustling local food scene. With close proximity to the Gerald R. Ford International Airport and major highways, the location offers convenience for travelers.Introducing a prime investment opportunity in the Grand Rapids area, this 32,640 SF property presents a lucrative venture for Hospitality/Full Service investors. With a cap rate of 13% and 63.72% occupancy, the property boasts a strong revenue stream and promising potential. Featuring 107 rooms, 107 parking spaces, and a lot size of 2.27 AC, it offers ample space for guests. The 2025 PIP renovations and exterior corridor highlight a commitment to modernization, while its commercial zoning and high daily traffic count of 28,000-35,000 underscore its redevelopment potential. ADR of $51.89 and a projected revenue of $1,570,000 underscore its promising future.
Highlights
- 2025 Real Estate Taxes $86,875
- ADR - Jan-June $51.89
- Airport parking available
- Building Size 32,640 SF
- Cap Rate 13%
- Current Revenue - TTM $1,600,000
- Exterior Corridor - 2 Separate Buildings, 2 Stories
- Great location for Redevelopment
- GRM 3.60 Xs
- Lot Size 2.27 AC
- Number of Rooms 107
- Parking Lot 107 spaces
- PIP Complete
- PIP Renovations 2025
- Price Per Room 450,467.29
- Price Per SF $165.44
- Projected Revenue $1,570,000
- REV PAR $34.93
- Traffic Count 28,000-35,000 per day
- Year Built 1974 & 1984
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Contacts
Dale Zomer
NAI Sioux Falls
Location
Located at 5131 28th Street Southeast, Grand Rapids, MI 49512, this property is part of the Forest Hills neighborhood and Grand Rapids market.
Contact Listing Broker
Dale Zomer
NAI Sioux Falls
