Mixed-Use Building with Street-Level
For Sale
$649,900
1205 Bridge Street NW, Grand Rapids, MI 49504
COMMERCIAL - Grand Rapids, MI
Property Size2,789 SF
Lot Size0.11 Acres
Price / SF$233.02
Days on Market12
Property Features for 1205 Bridge Street NW
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
201 COMMERCIAL
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 3, Basement, Bathroom 2
Parking
4
Interior features
Broadband
Elementary school district
Grand Rapids
Middle school district
Grand Rapids
High school district
Grand Rapids
Standard status
Active
APN
41-13-23-384-002
Size
2,789 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 10 BLK 5 & E 15 FT OF LOT 11 BLK 5 * H G STONE'S ADDITION
Tax Annual Amount
7953
Legal Description
LOT 10 BLK 5 & E 15 FT OF LOT 11 BLK 5 * H G STONE'S ADDITION
Utilities
Utilities
Cable Available
Heating system
Baseboard, Radiant, Hot Water(Heating), Forced Air
Cooling system
Central Air
Building Details
Year built
1946
Number of units
3
Listing Agency:
Kilner Group Realty
(616) 498-8251
Listed By:
John McMahon · License #6501437598
(616) 802-7889
Added: Jul 21
Changed: Jul 27
Last Checked: Aug 1 at 10:06AM
MLS# 26037728
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.
Investment Insights
Based on property information with market context.
This fully renovated mixed-use property includes three separate units. Unit A is a street-level space suitable for retail or office use. Unit B is a 1 bed/1 bath apartment, and Unit C is a 3 bed/1 bath apartment, with all spaces updated with fresh finishes.
The property is located at 1205 Bridge Street NW in Grand Rapids, Kent County, MI 49504, and includes four off-street parking spots.
The layout provides a combination of street-level commercial space and residential income units within a single building configuration.
The property is located at 1205 Bridge Street NW in Grand Rapids, Kent County, MI 49504, and includes four off-street parking spots.
The layout provides a combination of street-level commercial space and residential income units within a single building configuration.
Key Highlights
- Fully renovated mixed‑use property with 3 separate units: Unit A (street‑level retail/office), Unit B (1 bed/1 bath), and Unit C (3 bed/1 bath).
- Four off‑street parking spots included.
- Central air cooling plus multiple heating types listed: baseboard, hot water (heating), forced air, and radiant heat.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.2k | $21.96 |
| − Vacancy | −$3.5k | −$1.25 |
| EGI | $57.8k | $20.71 |
| − OpEx | −$17.3k | −$6.21 |
| NOI | $40.4k | $14.50 |
2,789 SF · lease $21.96/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$577.6K
$505.4K – $673.8K
NOI $40,429 @ 7.0% cap · market cap 6.22%
Second Best
Mixed Use
$439.9K
$384.9K – $513.2K
NOI $30,791 @ 7.0% cap · market cap 4.74%
Theoretical Best
Specialty Retail
$647.2K
$566.3K – $755.1K
NOI $45,307 @ 7.0% cap · market cap 6.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,644
Businesses Nearby
Explore this area
Business Placement
Demographics for 49504, MI
41,249
Population
18,830
Households
2.2
Avg Household Size
33
Median Age
39%
College-Educated
90%
High-School Grad
11.1 sq mi
ZIP Area
3,716
Density / Sq Mi
$68,326
Median Household Income
$41,138
Median Earnings
$1,145
Median Rent
$222,600
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Live-work space - Fully renovated mixed-use building with a street-level unit plus two apartments and four off-street parking spaces.
Where is this live-work space located?
The property is located at 1205 Bridge Street NW Grand Rapids, MI.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Fully renovated mixed‑use property with 3 separate units: Unit A (street‑level retail/office), Unit B (1 bed/1 bath), and Unit C (3 bed/1 bath).; Four off‑street parking spots included.; Central air cooling plus multiple heating types listed: baseboard, hot water (heating), forced air, and radiant heat.
