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    623 Eastern Ave SE Grand Rapids, MI 49503

    For Lease
    $15 SF/Yr ($1,807 /Mo)

    Two commercial spaces available in a high-traffic area.

    Property size:
    1,446 SF
    Lot size:
    1.21 Acres

    Property Features for 623 Eastern Ave SE

    General Information

    Size
    1,446 SF
    Lot size
    1.21 Acres

    Source: Fancy Real Estate Agent Mira Densmore

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Spaces in High-Traffic Area

    Two commercial spaces are available for rent at 623 Eastern Ave SE. Located in a high-traffic area, these spaces benefit from significant exposure and the welcoming community atmosphere of Eastern Lofts. The adaptable layout allows for creativity. For larger requirements, the units can be combined to create a more spacious environment. The property has a size of 1446 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Eastern Lofts Apartment Building

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.64999
    Latitude
    42.97462

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    FAQs

    What type of property is this?
    Retail space - Two commercial spaces available in a high-traffic area.
    Where is this retail space located?
    The property is located at 623 Eastern Ave 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: - Two commercial spaces available, offering flexibility.; - High-traffic location provides significant exposure.; - Located within the welcoming community atmosphere of Eastern Lofts.
    (269) 779-6643
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    623 Eastern Ave 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
    623 Eastern Ave SE Grand Rapids, MI 49503
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