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Bank of America | 15-Year Ground Lease 2284 East Beltline Avenue Northeast 4,320 SF Retail Building Grand Rapids, MI 49525 $5,530,000 CAD ($1,280.09 CAD/SF) 5% Cap Rate
EXECUTIVE SUMMARY
Mid-America Real Estate - Michigan, Inc. has been retained on behalf of ownership to sell the 100% fee simple interest in 1.53 acres of land with a ground lease containing a 4,320 square foot Bank of America. The site is conveniently located at The Village at Knapp’s Crossing, off of E. Beltline Avenue in Grand Rapids, Michigan. This is the dominant center in the market and has a strong mix of anchors and junior box tenants.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
4,320 SF
Building Class
B
Year Built
2025
Price
$5,530,000 CAD
Price Per SF
$1,280.09 CAD
Cap Rate
5%
NOI
$276,500 CAD
Tenancy
Single
Building Height
1 Story
NEARBY MAJOR RETAILERS
1 of 4
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Bank of America | 15-Year Ground Lease | 2284 East Beltline Avenue Northeast
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