Proposed Freestanding Retail
For Lease
$16.25 SF/Yr
1002 Division Ave S, Grand Rapids, MI 49507
Flexible building size and design can be tailored to tenant requirements, subject to municipal approval.
Space SizeContact for details
Days on Market1923
Property Features for 1002 Division Ave S
General Information
Standard status
Active
Property subtype
Retail
Zoning
TBA
Lease Type
NNN
Spaces For Lease
at 1002 Division Ave S
Available Space
$16.25/Mo
Listing Agency:
Ben M. Muller Realty Co., Inc.
Listed By:
Mark Muller
(616) 456-7114
Source:
Carwm.resimplifi
Added: Jul 12, 2021
Changed: Oct 13
Last Checked: Oct 14 at 7:50PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ben M. Muller Realty Co., Inc.
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Investment Insights
Based on property information with market context.
This proposed freestanding retail project offers a flexible building program that can be adjusted to tenant requirements. Building size and design remain adaptable, allowing the property to be shaped around an approved commercial plan.
The site is positioned within a densely populated neighborhood at 1002 Division Ave S in Grand Rapids, Michigan. Several large mixed-use developments are planned nearby, and the project remains subject to municipal approval.
The site is positioned within a densely populated neighborhood at 1002 Division Ave S in Grand Rapids, Michigan. Several large mixed-use developments are planned nearby, and the project remains subject to municipal approval.
Key Highlights
- Proposed freestanding retail project
- Building size and design can be tailored to tenant requirements
- Located in a densely populated neighborhood
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.44 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
5,518
Businesses Nearby
20k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 54%
Dining 46%
Embassy Suites By Hilton Grand Rapids Downtown
Hotels & Casinos
10,946 visits/mo
0.2 miles
Condado Tacos
Dining
9,146 visits/mo
0.4 miles
Demographics for 49507, MI
38,137
Population
13,773
Households
2.8
Avg Household Size
30
Median Age
27%
College-Educated
78%
High-School Grad
5.5 sq mi
ZIP Area
6,934
Density / Sq Mi
$56,578
Median Household Income
$34,939
Median Earnings
$1,114
Median Rent
$179,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Grand Rapids, MI
$17 /SF/Yr
Avg Asking Price
$3.81–$35 /SF/Yr
Price Range
29,092 SF
Avg Space Size
This space is priced 4% below the average of $17 /SF/Yr.
Frequently Asked Questions
What type of property is this?
Retail space - Flexible building size and design can be tailored to tenant requirements, subject to municipal approval.
Where is this retail space located?
The property is located at 1002 Division Ave S Grand Rapids, MI.
What is the lease rate?
The lease rate is $16.25 SF/Yr.
What are key features of this property?
This property features: Proposed freestanding retail project; Building size and design can be tailored to tenant requirements; Located in a densely populated neighborhood
