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NEW- Real Estate / Redevelopment

Grand Rapids

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Business Description
Prime Retail/Restaurant/Multi-Unit Residential Re-Development Opportunity Located in a Popular North-East Grand Rapids Neighborhood.

The property is currently the home of the popular original “Vitale’s” restaurant. The restaurant has been a west-Michigan main stay for over 50 years and is well known for its authentic Italian food! The owners are willing to sell the business, and property together or just the property and relocate the business.

This is a rare Investment Redevelopment Opportunity in Great Location North of Downtown Grand Rapids!  Approximately 1.160 Acres, with the opportunity for future additional adjacent land acquisitions.

Currently, there are two buildings totaling 12,160 square feet with restaurant/retail space located on the site, with a large parking lot and Pylon Signage. The buildings were originally constructed in 1946 and updated in 1988. The business is willing to relocate!

Ideal for redevelopment for College Housing, with nearby universities located on the medical mile, apartment housing, office space, retail, etc.

2018 Est daily traffic count is 6,816, with 18,000 Est daily traffic count at a nearby intersection.

Business information is available upon request. Seller will retain rights to name.

Sale Price $1,500,000.00.

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