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    345 State St SE Grand Rapids, MI 49503

    Picture of Retail space at State St SE 345, Grand Rapids, MI
    For Lease
    $15 SF/Yr

    COMMERCIAL - Grand Rapids, MI

    Type:Retail
    Property size:
    52,030 SF
    Lot size:
    0.46 Acres
    Days on Market:
    263
    Last Refresh:
    Dec 5 at 6:06 pm

    Property Features for 345 State St SE

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Standard status
    Active
    APN
    411430331006
    Fireplace
    1
    Size
    52,030 SF
    Lot size
    0.46 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1956
    Building materials
    Brick

    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

    Retail Space in Heritage Hill

    This retail space is located within the Historical Heritage Hill District, near downtown Grand Rapids. The mid-century modern design architecture features updated finishes. The site benefits from strong vehicle and foot traffic along State Street and is within walking distance of many amenities and downtown Grand Rapids. The property is suited for cafe, dining, coffee shop, gift shop, general retail use and professional, mix-use. The lot size is 0.46 acres and the property size is 52030 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    345 State Street Apartment Building Jeanette Mcdowell, PHD Psychologist Custodial House Keeping ... House Cleaning Service Fluffed By Anaiyah ... Eyelash Salon

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.659968
    Latitude
    42.960119

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    FAQs

    What type of property is this?
    Retail space - Prime retail space in the Historical Heritage Hill District.
    Where is this retail space located?
    The property is located at 345 State St SE Grand Rapids, MI.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: - Prime retail space in the Historical Heritage Hill District, near downtown Grand Rapids.; - High vehicle and foot traffic on State Street.; - Suitable for a variety of uses: cafe, dining, retail, professional, mix-use.
    (616) 259-6386
    Request Owner's contact information
    345 State St SE Grand Rapids, MI 49503
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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
    345 State St SE Grand Rapids, MI 49503
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