Mid-Century Retail
For Lease
$15 SF/Yr
345 State Street SE, Grand Rapids, MI 49503
COMMERCIAL - Grand Rapids, MI
Space SizeContact for details
Lot Size0.46 Acres
Days on Market913
Property Features for 345 State Street SE
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
Fulton to Jefferson - south to State - southeast to property
Subdivision
Grand Rapids - G
Standard status
Active
APN
411430331006
Size
52,030 SF
Lot size
0.46 Acres
Taxes and HOA fees
Tax Description
LOTS 11 & 12 BLK 4* SMITH S ADDITION
Legal Description
LOTS 11 & 12 BLK 4* SMITH S ADDITION
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1956
Building materials
Brick
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 1:06AM
MLS# 24009957
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Investment Insights
Based on property information with market context.
This 52,030-square-foot retail property occupies a 0.46-acre site and was constructed in 1956 with brick exterior materials. The building includes central air conditioning, forced-air heating, and a fireplace. Its mid-century modern architecture incorporates updated finishes while retaining period character.
The property is located at 345 State Street SE in Grand Rapids’ Historical Heritage Hill District, within walking distance of downtown and nearby amenities. The State Street setting experiences both vehicle and pedestrian traffic. Identified use categories include cafe, dining, coffee shop, gift shop, general retail, professional, and mixed-use applications.
The property is located at 345 State Street SE in Grand Rapids’ Historical Heritage Hill District, within walking distance of downtown and nearby amenities. The State Street setting experiences both vehicle and pedestrian traffic. Identified use categories include cafe, dining, coffee shop, gift shop, general retail, professional, and mixed-use applications.
Key Highlights
- 52,030 square feet on a 0.46‑acre site
- Constructed in 1956 with brick exterior materials
- Central air conditioning and forced‑air heating
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.25 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
4,424
Businesses Nearby
10k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Shops & Services 46%
Dollar General
Shops & Services
3,547 visits/mo
0.1 miles
SUBWAY
Dining
3,211 visits/mo
0.5 miles
BIGGBY COFFEE
Dining
2,099 visits/mo
0.5 miles
Spectrum
Shops & Services
997 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 15% 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 - Brick construction with central air and forced-air heating supports a range of commercial layouts.
Where is this retail space located?
The property is located at 345 State Street 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: 52,030 square feet on a 0.46‑acre site; Constructed in 1956 with brick exterior materials; Central air conditioning and forced‑air heating
