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3224 28th St SE
Grand Rapids, MI 49512
Retail Property For Sale
Executive Summary
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
6,000 SF
Building Class
C
Year Built
1996
Price
$6,000,122 CAD
Price Per SF
$1,000.02 CAD
Cap Rate
6%
NOI
$360,007 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
0.87 AC
Zoning
C-2
Parking
45 Spaces (7.5 Spaces per 1,000 SF Leased)
Frontage
100’ on 28th
Amenities
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Air Conditioning
Property Taxes
| Parcel Number | 41-18-14-101-014 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $716,454 CAD |
Property Taxes
Parcel Number
41-18-14-101-014
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$716,454 CAD
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