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    5 Lyon St NW Grand Rapids, MI 49503

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    For Lease
    $16 SF/Yr ($4,479 /Mo)

    Renovated retail space in a vibrant downtown location.

    Property size:
    3,171 SF
    Lot size:
    0.19 Acres

    Property Features for 5 Lyon St NW

    General Information

    Size
    3,171 SF
    Lot size
    0.19 Acres

    Source: Advantage Commercial Real Estate Agent Murphy Wynsma

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

    Overview

    Downtown Grand Rapids Retail Space

    This ground-floor retail space is available for lease in a renovated, mixed-use building located in downtown Grand Rapids. The space features 13-foot ceilings and large storefront windows. The interior layout is flexible, accommodating a variety of commercial uses. Signage opportunities are available on the building and windows, providing street presence. An adjacent surface lot offers on-site parking. The building combines historic character with modern functionality. The property is surrounded by downtown landmarks including GRCC, Gerald R. Ford Fieldhouse, Kendall College of Art and Design, Rosa Parks Circle, and Broadway Grand Rapids. Located one block from Pearl St NW and four blocks from the Grand River, the location benefits from visibility and foot traffic in an urban setting. The property has a size of 3171 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Christine A Lambert Law ... Attorney Smooched Tanning Salon Manic Muse Beauty Salon Divorce Legal Clinic Attorney

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Law Firm Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.6684857
    Latitude
    42.9674462

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    FAQs

    What type of property is this?
    Retail space - Renovated retail space in a vibrant downtown location.
    Where is this retail space located?
    The property is located at 5 Lyon St NW 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: - Prime downtown Grand Rapids location with high visibility and foot traffic.; - Convenient on-site parking in an adjacent surface lot.; - Flexible interior layout suitable for various commercial uses.
    (616) 802-2608
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    5 Lyon St NW 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
    5 Lyon St NW Grand Rapids, MI 49503
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