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24098 Front St 3,040 SF Retail Building Grand Rapids, OH 43522 $345,217 CAD ($113.56 CAD/SF)



Investment Highlights
- Sale-leaseback investment with a five-year lease in place
- Restaurant FF&E included with the sale
- Long-standing local tenant operating at the property since 1995
- Fully occupied single-tenant retail property
Executive Summary
24098 Front Street presents an opportunity to acquire a fully occupied retail investment property in the heart of historic downtown Grand Rapids, Ohio. The property is occupied by Snyder's Pizza, a family-owned pizza and sub shop that has operated at this location since 1995, providing investors with an established tenant presence and demonstrated operating history. The offering is structured as a sale-leaseback investment with a five-year lease in place and an option to renew, creating immediate income potential while allowing for long-term ownership of a downtown commercial asset.
Located along Front Street, the property benefits from its position within Grand Rapids' walkable historic business district along the Maumee River. The village is known for its restored nineteenth-century architecture, locally owned businesses, and year-round visitor activity. Nearby attractions including Providence Metropark, the Miami and Erie Canal Towpath Trail, and community events such as the annual Apple Butter Festival contribute to consistent seasonal visitation and support local commerce.
The 3,040-square-foot building sits on a 0.10-acre parcel and includes a variety of restaurant-related fixtures and equipment, including a walk-in cooler, soup and salad bar, and commercial stainless-steel sink. With 100% occupancy, a long-standing tenant, and a location within one of Northwest Ohio's most recognizable historic riverfront communities, the property offers investors a combination of in-place income, downtown visibility, and ownership of a well-established commercial building.
Located along Front Street, the property benefits from its position within Grand Rapids' walkable historic business district along the Maumee River. The village is known for its restored nineteenth-century architecture, locally owned businesses, and year-round visitor activity. Nearby attractions including Providence Metropark, the Miami and Erie Canal Towpath Trail, and community events such as the annual Apple Butter Festival contribute to consistent seasonal visitation and support local commerce.
The 3,040-square-foot building sits on a 0.10-acre parcel and includes a variety of restaurant-related fixtures and equipment, including a walk-in cooler, soup and salad bar, and commercial stainless-steel sink. With 100% occupancy, a long-standing tenant, and a location within one of Northwest Ohio's most recognizable historic riverfront communities, the property offers investors a combination of in-place income, downtown visibility, and ownership of a well-established commercial building.
Property Facts
Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,040 SF
Building Class
B
Year Built
1900
Price
$345,217 CAD
Price Per SF
$113.56 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.70
Lot Size
0.10 AC
Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | E19-509-070201008000 | Improvements Assessment | $38,133 CAD |
| Land Assessment | $22,184 CAD | Total Assessment | $60,316 CAD |
Property Taxes
Parcel Number
E19-509-070201008000
Land Assessment
$22,184 CAD
Improvements Assessment
$38,133 CAD
Total Assessment
$60,316 CAD
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24098 Front St
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