Retail Space with Bay
For Lease
$11 SF/Yr
240 Ionia Avenue SW, Grand Rapids, MI 49503
COMMERCIAL - Grand Rapids, MI
Space SizeContact for details
Lot Size0.35 Acres
Days on Market913
Property Features for 240 Ionia Avenue SW
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 Ionia - North to property
Subdivision
Grand Rapids - G
Standard status
Active
APN
411325488001
Size
53,687 SF
Lot size
0.35 Acres
Taxes and HOA fees
Tax Description
411325488001 UNIT 1 * 240 IONIA AVENUE CONDOMINIUM KENT COUNTY CONDOMINIUM SUBDIVISION PLAN NO. 961 INSTRUMENT NO. 20130524-0056931 SPLIT/COMBINED ON 06/17/2013 FROM 41-13-25-480-001;
Legal Description
411325488001 UNIT 1 * 240 IONIA AVENUE CONDOMINIUM KENT COUNTY CONDOMINIUM SUBDIVISION PLAN NO. 961 INSTRUMENT NO. 20130524-0056931 SPLIT/COMBINED ON 06/17/2013 FROM 41-13-25-480-001;
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
large bay windows
on-site parking
Building Details
Year built
2013
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 23 at 10:06AM
MLS# 24009948
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 53,687-square-foot retail property offers an open commercial layout with large bay windows oriented toward the street. The building was constructed in 2013 with concrete materials and is equipped with forced-air heating, central air conditioning, and a fireplace. On-site parking is available for occupants and visitors.
The property is positioned in downtown Grand Rapids near the Arena and Heartside district, with dining and nightlife destinations nearby. Its street frontage and window configuration support a prominent storefront presence, while the source information also identifies potential for sidewalk dining. The property is available for lease.
The property is positioned in downtown Grand Rapids near the Arena and Heartside district, with dining and nightlife destinations nearby. Its street frontage and window configuration support a prominent storefront presence, while the source information also identifies potential for sidewalk dining. The property is available for lease.
Key Highlights
- 53,687 SF retail property
- 0.35‑acre site in downtown Grand Rapids
- Large bay windows with street frontage
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.65 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
4,317
Businesses Nearby
36k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 46%
Dining 26%
Hotels & Casinos 22%
Home Improvements & Furnishings 6%
Residence Inn Grand Rapids Downtown
Hotels & Casinos
8,031 visits/mo
0.4 miles
Mobil
Shops & Services
7,368 visits/mo
0.3 miles
Family Dollar
Shops & Services
6,683 visits/mo
0.4 miles
Leo's Coney Island
Dining
3,662 visits/mo
0.2 miles
SUBWAY
Dining
3,211 visits/mo
0.3 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 38% 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 - Open commercial space with street-facing windows, central air, and on-site parking in downtown Grand Rapids.
Where is this retail space located?
The property is located at 240 Ionia Avenue SW Grand Rapids, MI.
What is the lease rate?
The lease rate is $11 SF/Yr.
What are key features of this property?
This property features: 53,687 SF retail property; 0.35‑acre site in downtown Grand Rapids; Large bay windows with street frontage
