Flexible Office/Retail Flex
For Lease
$1,500/Mo Modified Gross
1151 Madison Ave SE, Grand Rapids, MI 49507
Adaptable commercial space with rear parking and street parking near Madison Avenue and Hall Street.
Space SizeContact for details
Days on Market54
Property Features for 1151 Madison Ave SE
General Information
Standard status
Active
Property subtype
Retail
Zoning
TBA
Lease Type
Modified Gross
Amenities
Power
Water
Sewer
Natural Gas
Vacant
Building Details
Tenancy
Multiple Tenants
Spaces For Lease
at 1151 Madison Ave SE Contact usAvailable Space $1,500/Mo
Contact us
Listing Agency:
Spica Real Estate
(616) 262-3213
Listed By:
J Spica
(616) 262-3213
Source:
Carwm.resimplifi
Added: Jul 9
Changed: Aug 29
Last Checked: Aug 30 at 1:18PM
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 Spica Real Estate
Investment Insights
Based on property information with market context.
This 4,726-square-foot flex space supports office or retail use and was previously configured as a barber shop. The existing layout may be used as configured or converted for another office or retail application, subject to applicable requirements. Rear parking is available, supplemented by ample street parking along the property’s frontage.
The property is located at 1151 Madison Ave SE in Grand Rapids, Michigan, within a densely populated area. Zoning is identified as TBA. The Madison Avenue and Hall Street location provides a neighborhood setting for a range of service-oriented commercial users, including the types of office and retail uses identified for the space.
The property is located at 1151 Madison Ave SE in Grand Rapids, Michigan, within a densely populated area. Zoning is identified as TBA. The Madison Avenue and Hall Street location provides a neighborhood setting for a range of service-oriented commercial users, including the types of office and retail uses identified for the space.
Key Highlights
- 4,726‑square‑foot flex space suitable for office or retail use
- Previously configured as a barber shop
- Rear parking plus ample street parking
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$0.57 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
623
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Market
Lease Benchmarks for Grand Rapids, MI
$12.74 /SF/Yr
Avg Asking Price
$12–$13 /SF/Yr
Price Range
8,097 SF
Avg Space Size
This space is priced 70% below the average of $12.74 /SF/Yr.
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Adaptable commercial space with rear parking and street parking near Madison Avenue and Hall Street.
Where is this flex space located?
The property is located at 1151 Madison Ave SE Grand Rapids, MI.
What is the lease rate?
The lease rate is $1,500/Mo.
What are key features of this property?
This property features: 4,726‑square‑foot flex space suitable for office or retail use; Previously configured as a barber shop; Rear parking plus ample street parking
