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    Brand-New Retail Storefront Suites Title is generated by Realmo AI

    1010 Cesar E Chavez Avenue SW, Grand Rapids, MI 49503

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    For Lease
    $16 SF/Yr $4,168/Mo (calc)

    COMMERCIAL - Grand Rapids, MI

    Type:Retail
    Property size:
    3,126 SF
    Lot size:
    0.34 Acres
    Added:
    Nov 19, 2025
    Days on Market:
    197
    Last Refresh:
    Jun 4 at 6:06 pm

    Property Features for 1010 Cesar E Chavez Avenue SW

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Property condition
    Under Construction
    Parking
    6
    Fireplace
    1
    Standard status
    Active
    APN
    41-13-36-379-036
    Size
    3,126 SF
    Lot size
    0.34 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    411336379036 LOTS 36 37 & 38 BLK 5* CAULFIELD'S SUBDIVISION OF CAULFIELD'S SECOND ADDITION SPLIT/COMBINED ON 07/18/2012 FROM 41-13-36-379-003, 41-13-36-379-002, 41-13-36-379-001;

    Utilities

    Utilities
    Natural Gas Available
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    2025
    Number of units
    2
    Building materials
    Block, Concrete
    Roof type
    Rubber

    We can help!

    Listing Contact
    Jeffrey Glover

    Listing agent Jeffrey Glover

    Listing office Keller Williams Professionals 789 W Ann Arbor Trail, Kentwood, MI

    Listing date Nov 19, 2025

    MLS# 25059013

    Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Brand‑new 2025 construction in a rapidly growing commercial district.
    • High visibility on the active Cesar E. Chavez corridor with strong foot traffic.
    • Flexible, open floorplans ready for tenant build‑out, suitable for various business types.
    • Convenient rear customer/tenant parking plus on‑street parking.
    • TBA (Traditional Business Area) zoning supports a wide range of commercial uses.
    • Excellent location minutes from Downtown Grand Rapids, surrounded by established businesses and residential areas.

    Overview

    The property offers brand-new retail storefront suites constructed in 2025, with two units that mirror each other in layout. Each suite features large street-facing windows and a flexible open floorplan designed for tenant build-out. On-site parking is provided for customers and tenants at the rear, complemented by on-street parking. The leasing process notes that some photos may be AI generated for virtual staging purposes, and all business use approvals must be verified with the municipality.

    The suites are located along the Cesar E. Chavez corridor in Grand Rapids, in the southwest side commercial area. The property is positioned for visibility from the street and is described as being minutes from Downtown Grand Rapids, surrounded by established restaurants, boutiques, and community anchors as well as dense residential neighborhoods.

    Zoned TBA (Traditional Business Area), the space can support a range of retail and service-based concepts, along with office, food, and small-format commercial uses as approved by the local municipality. With modern storefront frontage, open interiors, and rear customer/tenant parking, the units are well suited for tenants looking to customize a contemporary retail environment for a neighborhood-oriented business.
    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    Similar Places Nearby

    • Living Product Sinc — 300 Ionia Ave SW, Grand Rapids, MI 49503

    Map

    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.68039
    Latitude
    42.944982

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    FAQs

    What type of property is this?
    Storefront property - Two mirror-image storefront suites with large street-facing windows and rear parking, ideal for retail or service uses.
    Where is this storefront property located?
    The property is located at 1010 Cesar E Chavez Avenue SW Grand Rapids, MI.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: Brand‑new 2025 construction in a rapidly growing commercial district.; High visibility on the active Cesar E. Chavez corridor with strong foot traffic.; Flexible, open floorplans ready for tenant build‑out, suitable for various business types.
    (616) 594-1000
    We can help!
    Listing Contact
    Jeffrey Glover
    Request Owner's contact information
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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