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    742 Martin Luther King Dr Grand Rapids, MI

    For Lease
    $1,300 /Mo ($11 SF/Yr)

    1,400 sq ft retail space in growing Grand Rapids.

    Property size:
    1,400 SF
    Lot size:
    0.12 Acres

    Property Features for 742 Martin Luther King Dr

    General Information

    Size
    1,400 SF
    Lot size
    0.12 Acres

    Source: Lighthouse Property Management Agent Brent Fisher

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

    Overview

    Retail Space in Southeast Grand

    Located at 742 Martin Luther King Drive in Grand Rapids, this 1,400-square-foot retail space is situated in the Southeast Corridor, approximately 5 minutes from downtown. The property is suitable for retail businesses seeking to establish a presence in a growing community. Optional basement storage is available for an additional $500 per month. The lease is gross, with the tenant responsible for trash, gas, and electricity.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.599648
    Latitude
    43.013605

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    FAQs

    What type of property is this?
    Retail space - 1,400 sq ft retail space in growing Grand Rapids.
    Where is this retail space located?
    The property is located at 742 Martin Luther King Dr Grand Rapids, MI.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    What are key features of this property?
    This property features: - Prime location in the thriving Southeast Corridor of Grand Rapids.; - Affordable rent at $1,300/month.; - Easy accessibility, just 5 minutes from downtown.
    (248) 505-1323
    Request Owner's contact information
    742 Martin Luther King Dr Grand Rapids, MI
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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
    742 Martin Luther King Dr Grand Rapids, MI
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