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    240 Ionia Ave SW Grand Rapids, MI 49503

    Picture of Retail space at Ionia Ave SW 240, Grand Rapids, MI
    For Lease
    $11 SF/Yr

    COMMERCIAL - Grand Rapids, MI

    Type:Retail
    Property size:
    53,687 SF
    Lot size:
    0.35 Acres
    Days on Market:
    263
    Last Refresh:
    Dec 5 at 6:06 am

    Property Features for 240 Ionia Ave SW

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Standard status
    Active
    APN
    411325488001
    Fireplace
    1
    Size
    53,687 SF
    Lot size
    0.35 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    2013
    Building materials
    Concrete

    Signature Associates Kalamazoo (269) 385-2000

    Listing agent Peter K. Cachey (616) 259-6386

    Listing date Mar 18, 2025

    Copyright © 2025 Montcalm County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Grand Rapids Retail Space

    This retail space is located in downtown Grand Rapids, near the Arena and historic Heartside district. The property features an open layout with large bay windows providing street frontage. On-site parking is available, and there is potential for sidewalk dining. The property has a lot size of 0.35 acres and a property size of 53687 square feet. A tenant improvement allowance is available for credited and qualified tenants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    240 Ionia Avenue ... Apartment Building GR Dental Care Emergency Dental Service National Auto Insurance ... Insurance Agency

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.669797
    Latitude
    42.958496

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    FAQs

    What type of property is this?
    Retail space - Prime retail space in the heart of downtown Grand Rapids.
    Where is this retail space located?
    The property is located at 240 Ionia Ave 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: - Prime retail space in the heart of downtown Grand Rapids, near the Arena and Heartside district.; - Footsteps from the best dining and nightlife destinations.; - Beautiful, open space with LARGE BAY WINDOWS and street frontage.
    (616) 259-6386
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    Grand Rapids, MI 49503
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    240 Ionia Ave SW Grand Rapids, MI 49503
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