Retail Space with Parking
For Lease
$14 SF/Yr
205 S Division Avenue, Grand Rapids, MI 49503
COMMERCIAL - Grand Rapids, MI
Space SizeContact for details
Lot Size0.19 Acres
Days on Market912
Property Features for 205 S Division Avenue
General Information
Property type
Commercial Lease
Property subtype
Retail
Zoning description
TN-CC
Fireplace
1
Elementary school district
Grand Rapids
Middle school district
Grand Rapids
High school district
Grand Rapids
Directions
131 to Wealthy - Wealthy to Division - North to Property
Subdivision
Grand Rapids - G
Standard status
Active
APN
411325478012
Size
40,000 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Description
411325478012 LOT 1 BLK 1 EX COM AT NE COR OF SD LOT TH S ALONG E LINE OF SD LOT 32.50 FT TH W PAR TO N LINE OF SD LOT 50 FT TH NWLY 89 FT M/L TO A PT ON W LINE OF SD LOT 7.50 FT S FROM NW COR OF SD LOT TH N ALONG W LINE OF SD LOT 7.50 FT TH E ALONG N LINE OF SD LOT 135 FT TO BEG ALSO N 1/2 OF LOT 10 BLK 1* ELLSWORTH ADDITION SPLIT ON 01/16/2007 FROM 41-13-25-478-004;
Legal Description
411325478012 LOT 1 BLK 1 EX COM AT NE COR OF SD LOT TH S ALONG E LINE OF SD LOT 32.50 FT TH W PAR TO N LINE OF SD LOT 50 FT TH NWLY 89 FT M/L TO A PT ON W LINE OF SD LOT 7.50 FT S FROM NW COR OF SD LOT TH N ALONG W LINE OF SD LOT 7.50 FT TH E ALONG N LINE OF SD LOT 135 FT TO BEG ALSO N 1/2 OF LOT 10 BLK 1* ELLSWORTH ADDITION SPLIT ON 01/16/2007 FROM 41-13-25-478-004;
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
parking ramp
great views of Downtown
lighted intersection
walking distance to entertainment district, Studio Park and VanAndel Arena
Building Details
Year built
2014
Building materials
Concrete
Listing Agency:
Signature Associates Holland
(616) 396-7788
Listed By:
Thomas J Elhart
(616) 396-7788
Added: Feb 22, 2024
Changed: Aug 4
Last Checked: Aug 22 at 7:06PM
MLS# 24009970
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 40,000-square-foot retail property was built in 2014 with concrete construction, central air, and forced-air heating. The building also includes a fireplace, while the space offers elevated views across downtown Grand Rapids. A parking ramp is located beneath the property, adding on-site parking convenience.
The property occupies 0.19 acres at 205 S Division Avenue in downtown Grand Rapids, at a signalized corner intersection. Studio Park, VanAndel Arena, and the downtown entertainment district are within walking distance, placing the space near established entertainment and event destinations.
The property occupies 0.19 acres at 205 S Division Avenue in downtown Grand Rapids, at a signalized corner intersection. Studio Park, VanAndel Arena, and the downtown entertainment district are within walking distance, placing the space near established entertainment and event destinations.
Key Highlights
- 40,000‑square‑foot retail property built in 2014
- Concrete construction with central air and forced‑air heating
- Parking ramp located beneath the property
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.10 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
5,211
Businesses Nearby
30k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 43%
Dining 31%
Hotels & Casinos 26%
Residence Inn Grand Rapids Downtown
Hotels & Casinos
8,031 visits/mo
0.2 miles
Mobil
Shops & Services
7,368 visits/mo
0.4 miles
Leo's Coney Island
Dining
3,662 visits/mo
0.2 miles
Dollar General
Shops & Services
3,547 visits/mo
0.4 miles
SUBWAY
Dining
3,211 visits/mo
0.4 miles
Demographics for 49503, MI
39,344
Population
19,017
Households
2.1
Avg Household Size
30
Median Age
44%
College-Educated
88%
High-School Grad
7.3 sq mi
ZIP Area
5,390
Density / Sq Mi
$61,734
Median Household Income
$36,694
Median Earnings
$1,207
Median Rent
$224,100
Median Home Value
Market
Lease Benchmarks for Grand Rapids, MI
$17.71 /SF/Yr
Avg Asking Price
$11–$35 /SF/Yr
Price Range
29,221 SF
Avg Space Size
This space is priced 21% below the average of $17.71 /SF/Yr.
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Concrete construction, central air, and forced-air heating define this 2014 commercial building.
Where is this retail space located?
The property is located at 205 S Division Avenue Grand Rapids, MI.
What is the lease rate?
The lease rate is $14 SF/Yr.
What are key features of this property?
This property features: 40,000‑square‑foot retail property built in 2014; Concrete construction with central air and forced‑air heating; Parking ramp located beneath the property
