Grand Rapids multi use

Withdrawn Retail-Commercial for Lease
Catylist Listing ID: 30044813
Property Subtypes: Convenience Store, Day Care Facility, Mixed Use, Street Retail, General
Contiguous Space: 1,400 SF
Building Size (RSF): 3,084 SF
Gross Land Area: 0.21 Acres
Lease Rate: $9.43 PSF (Annual)
Base Monthly Rent: $1,100
Lease Types: Modified Gross
Ceiling: 8 ft.
Usable Size (USF): 3,084 SF
Withdrawn On: 7/12/2017
Last Updated: 7/12/2017

Overview / Comments

Great opportunity for owner occupant live/work or neighborhood business. Building features a main floor retail space, along with two stall attached garage, office and workshop. Upstairs is currently leased as an office but could easily be converted to living space. Growth oriented neighborhood migrating from the Michigan Street Corridor in one of Grand Rapids' hottest areas. Decent side yard for more parking and/or fenced in yard space.

Expand All Available Space

Suite: 3 1,400 SF $9.43 PSF (Annual) Modified Gross
Level/Floor: Main floor rear of building
Space Available: 1,400 SF
Lease Rate: $9.43 PSF (Annual)
$1,100 (Monthly)
Lease Type: Modified Gross
Space Description: Space includes 880 square feet of office, reception, and workshop area along with 520 square foot two stall attached garage. Tenant pays utilities, lawn care, snow removal, trash.
Space Subcategory: Office Building, Flex Space
Date Available: 5/1/2017
Lease Term: 60 Months
Space Type: Relet
Conference Rooms: 1
Offices 1
Kitchen Yes
Parking Spaces 4
Rent Escalators Step-Up Lease
Rent Escalators Description 2-3% annually depending on length of term

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Kent
Submarket/Township: Northeast Business District
Taxing Authority: City of Grand Rapids
Tax ID/APN: 411420304017
Retail Clientele: General, Family, Business
Property Located Between: Diamond and Eastern
Property Visibility: Good
Largest Nearby Street: Diamond
Feet of Frontage: 172
Highway Access: I 196 at College or Fuller Ave.
Site Description: Corner lot with good exposure from highway coming from downtown. Good on and off street parking.
Area Description: Neighborhood with mix of owner occupant and rentals.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 850 SF
Property Condition: Average
Year Built: 1915
Roof Type: Flat
Construction/Siding: Brick/Vinyl Siding
Exterior Description: Main floor old style neighborhood facade with parking and garages in rear of building.
Total Parking Spaces: 4
Parking Type: Structure, Surface
Parking Description: Two stall attached garage with off street parking .
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central, Radiant
Air Conditioning: Window Unit
Internet Access: Cable
Interior Description: Main floor retail is currently used as a beauty shop. Upper floor is finished as a two room office with kitchenette.
Zoning Description: Residential with permitted commercial use.
Lot Frontage: 49
Lot Depth: 124
Water Service: Municipal
Sewer Type: Municipal
Legal Description: PART OF W 1/2 OF SW 1/4 OF* SEC 20 T7N R11W* COM AT NW COR CAPEN ST & EMERALD AVE TH N 50 FT W 125 FT S 50 FT E TO BEG

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 23,788 147,671 273,778
Median Age: 28.79 31.81 33.46
Households: 9,634 55,761 105,324


Photograph of Listing Agent

Jason Carpenter

Keller Williams GR East - Commercial CARWM Member
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