Streetfront 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
on-site parking
bay windows
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 4:06AM
MLS# 24009947
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Investment Insights
Based on property information with market context.
This 53,687-square-foot retail space occupies a 0.35-acre property in a concrete building constructed in 2013. The interior is configured as an open commercial area with bay windows oriented toward the street, supporting a prominent storefront presence. Forced-air heating and central air conditioning serve the space, and the property includes an interior fireplace.
The property is located at 240 Ionia Avenue SW in downtown Grand Rapids, near the Arena and the historic Heartside district. Dining and nightlife destinations are nearby, while on-site parking is available. The property also presents potential for sidewalk dining, subject to applicable requirements.
The property is located at 240 Ionia Avenue SW in downtown Grand Rapids, near the Arena and the historic Heartside district. Dining and nightlife destinations are nearby, while on-site parking is available. The property also presents potential for sidewalk dining, subject to applicable requirements.
Key Highlights
- 53,687‑square‑foot retail space on a 0.35‑acre property
- Street‑facing bay windows and open commercial layout
- Downtown Grand Rapids location near the Arena and historic Heartside district
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 features street-facing bay windows, central air, and on-site parking.
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‑square‑foot retail space on a 0.35‑acre property; Street‑facing bay windows and open commercial layout; Downtown Grand Rapids location near the Arena and historic Heartside district
