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First-Floor Office Suite
For Lease
$21 SF/Yr

245 CHERRY ST SE, Grand Rapids, MI 49503

First-floor office space directly across from Mercy Health Hospital.

Space SizeContact for details
Days on Market1587

Property Features for 245 CHERRY ST SE

General Information

Standard status Active
Property subtype Office
Zoning CC
Lease Type NNN

Space & Availability

Floor 1
Space Use Office

Amenities

Water
Sewer

Building Details

Year Built 1993

Spaces For Lease

at 245 CHERRY ST SE Contact us

Available Space $21/Mo

Contact us
Listing Agency: Highpoint Real Estate
Listed By: Brian Sikma
Source: Carwm.resimplifi
Added: Apr 29, 2022 Changed: Aug 31 Last Checked: Aug 31 at 1:35PM

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 Highpoint Real Estate

Investment Insights

Based on property information with market context.

First-floor office space is available at 245 Cherry St SE in Grand Rapids, Michigan. The property is positioned directly across from Mercy Health Hospital, providing a clearly identified institutional reference point for the location.

Built in 1993, the property carries CC zoning. The available space is described as an office suite within a larger office property, offering a ground-level commercial setting for professional use.

Key Highlights

  • First‑floor office suite
  • Directly across from Mercy Health Hospital
  • 245 Cherry St SE, Grand Rapids, MI 49503

Property Analytics

Current Use

Dr. David L. ... Physician Urology Associates of Grand ... Medical Clinic Dr. William T. ... Physician Elite Plastic Surgery Physician Ronald D. Ford, ... Physician

Suggested Use

Top Pick Auto Parts Store Electrical Service Veterinary Clinic (Bike/Boat/Book/etc) Store Carpet & Flooring Store Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$3.15 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

5,225
Businesses Nearby

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

Market

Lease Benchmarks for Grand Rapids, MI

$16.8 /SF/Yr
Avg Asking Price
$1.52–$36 /SF/Yr
Price Range
26,849 SF
Avg Space Size

This space is priced 25% above the average of $16.8 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - First-floor office space directly across from Mercy Health Hospital.
Where is this office units located?
The property is located at 245 CHERRY ST SE Grand Rapids, MI.
What is the lease rate?
The lease rate is $21 SF/Yr.
What are key features of this property?
This property features: First‑floor office suite; Directly across from Mercy Health Hospital; 245 Cherry St SE, Grand Rapids, MI 49503
More about this property
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