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Renovated Two-Unit Flex Space
For Lease
$1,800/Mo

1358 Leonard St NW, Grand Rapids, MI 49504

Renovated commercial space offers two units within a TN-TBA-zoned property.

Space Size1,565 SF
Property Size3,387 SF
Days on Market107

Property Features for 1358 Leonard St NW

General Information

Standard status Active
Size 1,565 SF
Net Rentable 3,387 SF
Property subtype Retail - Restaurant
Zoning TN-TBA
Occupancy 37%

Space & Availability

Available Space 3,387 SF
Contiguous Space 3,387 SF
Space Use Industrial

Building Details

Building Size 3,387 SF
Year Built 1921
Year Renovated 2024
Buildings 1
Units 2
Tenancy Multi

Spaces For Lease

at 1358 Leonard St NW Contact us

Suite B

Size
1,565 SF
Type
Flex - Industrial
Lease Type
Modified Gross
Availability
Immediate
Sublease
No
Renewal Option
Yes
Contact us
Listing Agency: NorthStar Commercial
Listed By: Jake Domanski
Source: Commercialcafe
Added: May 17 Changed: Aug 30 Last Checked: Aug 31 at 1:50PM

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 NorthStar Commercial

Investment Insights

Based on property information with market context.

This 3,387-square-foot flex property at 1358 Leonard St NW includes two units and was renovated in 2024. Originally constructed in 1921, the building combines older construction with updated improvements and is zoned TN-TBA. Current occupancy is 37%, and the property is offered for lease.

The Grand Rapids setting places the building near Downtown Market, Walker's Pointe Shopping Center, the Grand Rapids Public Museum, and John Ball Zoo. The surrounding area also includes dining, entertainment, breweries, and arts-oriented destinations. The two-unit configuration provides a flexible physical layout for commercial operations within an established urban environment.

Key Highlights

  • 3,387 SF flex property with two units
  • Renovated in 2024; originally built in 1921
  • TN‑TBA zoning

Property Analytics

Current Use

Grand River Graphics (Bike/Boat/Book/etc) Store Los Mariscos de ... Restaurant Phoenix Printing Marketing & Advertising

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Building Supply

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

37%
Occupancy
Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

332
Businesses Nearby
Under-served
Demand for This Use

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

Lease Benchmarks for Grand Rapids, MI

$9.84 /SF/Yr
Avg Asking Price
$3.81–$20 /SF/Yr
Price Range
24,623 SF
Avg Space Size

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Renovated commercial space offers two units within a TN-TBA-zoned property.
Where is this flex space located?
The property is located at 1358 Leonard St NW Grand Rapids, MI.
What is the lease rate?
The lease rate is $1,800/Mo.
What are key features of this property?
This property features: 3,387 SF flex property with two units; Renovated in 2024; originally built in 1921; TN‑TBA zoning
More about this property
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