Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace AUCTION SITE: https://rimarketplace.com/auction/2315/reit-sale-former-arby-s-19k-vpd-grand-rapids-msa?utm_source=costar Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing retail building located at 4584 Chicago Dr SW in Grandville, MI 49418 (the “Property”). Formerly occupied by Arby’s, the Property is being offered significantly below replacement cost, presenting an exceptional opportunity for investors to acquire a highly visible and strategically positioned asset with substantial value-add potential. FIRST BID MEETS RESERVE! Built in 1982, the Property consists of a one-story, free-standing building containing ±2,811 square feet, featuring a drive-thru and positioned on a ±0.562-acre (±24,471 SF) parcel with 38 surface parking spaces. The Property is strategically located just off a hard corner and boasts frontage/visibility along Interstate 196 and Chicago Drive SW, with convenient access through one ingress/egress point. The Property is zoned C-3, Commercial Highway District, offering favorable flexibility for a variety of uses, including retail, dining, or service-oriented businesses. With CoStar-estimated retail rents at ±$17–21/SF, this former QSR provides an outstanding opportunity for investors to achieve significant value-add through lease-up at market rates. Strategically located in Grandville, MI, a thriving city within Kent County, the Property lies within the Greater Grand Rapids metropolitan area, supported by robust economic and demographic drivers. This former Arby’s is located ±7 miles (approximately 10 minutes) from downtown Grand Rapids, providing easy access to the city’s central business district. The Property benefits from excellent visibility and accessibility on Chicago Dr SW (±19,342 VPD), as well as off the corner of Interstate 196 (±70,388 VPD) at exit 69. Regional connectivity is further enhanced by its proximity to M-6 and US-131, key commuter and logistics corridors providing access to Grand Rapids and neighboring suburbs. The immediate trade area features a strong mix of national retailers and dining establishments, including Meijer, Target, Costco, ALDI, Walmart, Starbucks, Culver’s, Chipotle, and Panera Bread, driving consistent consumer traffic and increasing crossover exposure for the Property. The surrounding area also includes major employment hubs and schools, such as Grandville High School, Cummings Elementary, and River City Scholars Academy, collectively serving over ±3,000 students within a 2-mile radius, further contributing to area demand. The Property also benefits from a strong residential base, with several nearby apartment communities and a 5-mile trade area that is home to over 141k residents with an affluent average household income of ±$100,090, further enhancing the area’s retail potential. With its central location, excellent connectivity, and strong demand drivers, the Property is well-positioned to capitalize on the continued growth and vibrancy of the Greater Grand Rapids metropolitan area.