Historic Downtown Restaurant
For Lease
$10 SF/Yr
Pending
1 IONIA AVE SW, Grand Rapids, MI 49503
Historic restaurant space near Van Andel Arena serves downtown Grand Rapids’ entertainment district.
Space SizeContact for details
Days on Market876
Property Features for 1 IONIA AVE SW
General Information
Standard status
Pending
Property subtype
Retail
Lease Type
NNN
Additional Details
Space Use
Restaurant
Traffic Count
12,082 vehicles/day
Amenities
Power
Sewer
Natural Gas
Building Details
Year Built
1890
Spaces For Lease
at 1 IONIA AVE SW Contact usAvailable Space $21.95/Mo
Contact usAvailable Space $10/Mo
Contact us
Listing Agency:
Advantage Commercial Real Estate
Listed By:
Mark Ansara · License #6501354465
(616) 745-9290
Source:
Carwm.resimplifi
Added: Apr 11, 2024
Changed: Aug 31
Last Checked: Sep 2 at 1:19PM
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 Advantage Commercial Real Estate
Investment Insights
Based on property information with market context.
Available for rent, this 29,245-square-foot restaurant property occupies a historic building constructed in 1890. The asset is identified with the former Grand Rapids Brewing Company and is positioned at 1 & 7 Ionia Avenue SW.
The property sits in downtown Grand Rapids near Van Andel Arena and the area’s entertainment venues, including The B.O.B., 20 Monroe Live, and The Intersection. Studio Park and Canopy by Hilton are also nearby. Reported vehicle volume averages 12,082 vehicles per day, providing measurable exposure along the downtown approach.
Its location places the restaurant space within the city’s entertainment district and among established dining and nightlife operators. The address offers a recognizable downtown setting for a restaurant or bar use, consistent with the property’s classified asset type.
The property sits in downtown Grand Rapids near Van Andel Arena and the area’s entertainment venues, including The B.O.B., 20 Monroe Live, and The Intersection. Studio Park and Canopy by Hilton are also nearby. Reported vehicle volume averages 12,082 vehicles per day, providing measurable exposure along the downtown approach.
Its location places the restaurant space within the city’s entertainment district and among established dining and nightlife operators. The address offers a recognizable downtown setting for a restaurant or bar use, consistent with the property’s classified asset type.
Key Highlights
- 29,245‑square‑foot restaurant property
- Building constructed in 1890
- At 1 & 7 Ionia Avenue SW in downtown Grand Rapids
Property Analytics
Property Profile
Current Use
Lease Details
12,082 VPD
Traffic count
NNN (Triple Net)
Lease Type
$1.50 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
7,721
Businesses Nearby
30k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 55%
Shops & Services 31%
Dining 13%
Holiday Inn Grand Rapids Downtown, an IHG Hotel
Hotels & Casinos
8,712 visits/mo
0.4 miles
Residence Inn Grand Rapids Downtown
Hotels & Casinos
8,031 visits/mo
0.0 miles
Mobil
Shops & Services
7,368 visits/mo
0.4 miles
Leo's Coney Island
Dining
3,662 visits/mo
0.2 miles
FedEx Office Print & Ship Center
Shops & Services
1,051 visits/mo
0.2 miles
Demographics for 49503, MI
39,344
Population
19,017
Households
2.1
Avg Household Size
30
Median Age
44%
College-Educated
88%
High-School Grad
7.3 sq mi
ZIP Area
5,390
Density / Sq Mi
$61,734
Median Household Income
$36,694
Median Earnings
$1,207
Median Rent
$224,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Historic restaurant space near Van Andel Arena serves downtown Grand Rapids’ entertainment district.
Where is this conventional restaurant located?
The property is located at 1 IONIA AVE SW Grand Rapids, MI.
What is the lease rate?
The lease rate is $10 SF/Yr.
What are key features of this property?
This property features: 29,245‑square‑foot restaurant property; Building constructed in 1890; At 1 & 7 Ionia Avenue SW in downtown Grand Rapids
