Red Roof Inn

For Sale

5131 28th Street Southeast, Grand Rapids, MI 49512

This Grand Rapids property for sale is located at 5131 28th Street Southeast. The current listed sale price for Red Roof Inn is $5,400,000. Red Roof Inn is situated on a lot that is 2.27 acre in size.

Contacts

Dale Zomer

NAI Sioux Falls

Property Details

  • Property Type Other
  • Property Size 32,640 SF
  • Lot Size 2.27 Acre
  • Year Built 1974
  • Date Updated Sep 18, 2026
Population MSA Grand Rapids, MI 1,183,645 Just a short drive from the downtown area, visitors can explore the Grand Rapids Art Museum, the Frederik Meijer Gardens & Sculpture Park, and the bustling local food scene. With close proximity to the Gerald R. Ford International Airport and major highways, the location offers convenience for travelers.Introducing a prime investment opportunity in the Grand Rapids area, this 32,640 SF property presents a lucrative venture for Hospitality/Full Service investors. With a cap rate of 13% and 63.72% occupancy, the property boasts a strong revenue stream and promising potential. Featuring 107 rooms, 107 parking spaces, and a lot size of 2.27 AC, it offers ample space for guests. The 2025 PIP renovations and exterior corridor highlight a commitment to modernization, while its commercial zoning and high daily traffic count of 28,000-35,000 underscore its redevelopment potential. ADR of $51.89 and a projected revenue of $1,570,000 underscore its promising future.
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Highlights

  • 2025 Real Estate Taxes $86,875
  • ADR - Jan-June $51.89
  • Airport parking available
  • Building Size 32,640 SF
  • Cap Rate 13%
  • Current Revenue - TTM $1,600,000
  • Exterior Corridor - 2 Separate Buildings, 2 Stories
  • Great location for Redevelopment
  • GRM 3.60 Xs
  • Lot Size 2.27 AC
  • Number of Rooms 107
  • Parking Lot 107 spaces
  • PIP Complete
  • PIP Renovations 2025
  • Price Per Room 450,467.29
  • Price Per SF $165.44
  • Projected Revenue $1,570,000
  • REV PAR $34.93
  • Traffic Count 28,000-35,000 per day
  • Year Built 1974 & 1984

Attachments

Getting around

  • 40/100

    Walk Score ®

  • 49/100

    Bike Score ®

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Location

  • City Grand Rapids, MI
  • Neighborhood Forest Hills
  • Zip Code 49512
  • Market Grand Rapids

Points of Interest

  • Grand Rapids

    7.23 miles

  • Citgo

    0.08 miles

  • Costco Gasoline

    0.21 miles

  • ChargePoint

    0.40 miles

  • Grand Rapids Supercharger

    0.43 miles

  • Meijer Express Gas Station

    0.49 miles

  • Sam's Club Fuel Center

    1.05 miles

  • Speedway

    1.32 miles

  • Shell

    1.44 miles

  • Pacific Pride

    1.59 miles

  • D & W Quick Stop

    2.09 miles

  • North Lot

    1.98 miles

  • East Lot

    2.01 miles

  • Economy Lot

    2.04 miles

  • Parking Garage

    2.11 miles

  • School Bus Parking

    2.40 miles

  • Cell Phone Lot

    2.42 miles

  • RideShare Staging Lot

    2.44 miles

  • Lake Michigan Academy's Parking

    3.44 miles

  • Carpool Lot

    4.15 miles

  • Parking Lot C

    4.41 miles

  • Red Roof Inn

    0.02 miles

  • Drury Inn & Suites

    0.06 miles

  • Clarion

    0.17 miles

  • Candlewood Suites

    0.32 miles

  • Country Inn & Suites

    0.33 miles

  • Rodeway Inn

    0.35 miles

  • Holiday Inn Express & Suites Grand Rapids - Airport

    0.38 miles

  • TownePlace Suites Grand Rapids Airport

    0.39 miles

  • DoubleTree by Hilton Hotel Grand Rapids Airport

    0.44 miles

  • Best Western Hospitality Hotel & Suites

    0.48 miles

  • ALDI

    0.22 miles

  • Target

    0.42 miles

  • Meijer

    0.48 miles

  • Walmart Supercenter

    1.03 miles

  • Big Lots

    1.06 miles

  • Super Green Market

    1.59 miles

  • Burlington

    1.62 miles

  • D&W Fresh Market

    1.62 miles

  • Marshalls

    1.65 miles

  • Trader Joe's

    1.78 miles

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