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Clearspan Flex Space
For Lease
$8.50 SF/Yr

1535 Steele Ave SW, Grand Rapids, MI 49507

Industrial suite offering office, loading, and three-phase power in a concrete-paved facility.

Space Size7,000 SF - 8,000 SF
Days on Market159

Property Features for 1535 Steele Ave SW

General Information

Standard status Active
Size 7,000 SF - 8,000 SF
Net Rentable 7,000 SF
Property subtype Industrial
Zoning TN
Lease Type NNN

Additional Details

Available Space 7,000-8,000 SF
Highway Access Yes

Amenities

Power
Water
Sewer
Natural Gas

Building Details

Year Built 2020
Tenancy Multi-Tenant

Spaces For Lease

at 1535 Steele Ave SW
Available Space $8.50/Mo
Contact us
Listing Agency: Advantage Commercial Real Estate
Listed By: Tim Van Noord · License #6501244633
Source: Carwm.resimplifi
Added: May 12 Changed: Oct 9 Last Checked: Oct 16 at 5:47AM

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

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Investment Insights

Based on property information with market context.

Suite A provides 7,000 SF of clearspan flex space, including 1,000 SF of office area, one dock, one drive-in door, and 200 amps of 3-phase power. Clear heights range from 22’-26’, and the suite is equipped with ESFR sprinkling. The 2020-built facility has a concrete parking lot and is zoned TN.

The property at 1535 Steele Ave SW is located less than 1/2 mile from the Burton Street on/off ramp to US-131 and near Downtown Grand Rapids. Suite A is available for occupancy September 1, 2026. Suite B is scheduled to become available in July 2027 with 8,000 SF total, including 2,000 SF of office and 6,000 SF of air-conditioned industrial space.

Key Highlights

  • 7,000 SF Suite A with 1,000 SF of office space
  • One dock and one drive‑in door
  • 200 amps of 3‑phase power

Property Analytics

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Current Use

Shoulder Innovations Production Facility Legacy Steel General Contractor

Suggested Use

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

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

Yes
Highway access
NNN (Triple Net)
Lease Type
$1.28 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

716
Businesses Nearby
Under-served
Demand for This Use

Demographics for 49507, MI

38,137
Population
13,773
Households
2.8
Avg Household Size
30
Median Age
27%
College-Educated
78%
High-School Grad
5.5 sq mi
ZIP Area
6,934
Density / Sq Mi
$56,578
Median Household Income
$34,939
Median Earnings
$1,114
Median Rent
$179,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Grand Rapids, MI

$9.68 /SF/Yr
Avg Asking Price
$1.31–$20 /SF/Yr
Price Range
28,594 SF
Avg Space Size

This space is priced 12% below the average of $9.68 /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

Similar Off Market Nearby

  • Chefs Born From a Kitchen — 338 Fox St SW, Grand Rapids, MI 49507

Frequently Asked Questions

What type of property is this?
Flex space - Industrial suite offering office, loading, and three-phase power in a concrete-paved facility.
Where is this flex space located?
The property is located at 1535 Steele Ave SW Grand Rapids, MI.
What is the lease rate?
The lease rate is $8.50 SF/Yr.
What are key features of this property?
This property features: 7,000 SF Suite A with 1,000 SF of office space; One dock and one drive‑in door; 200 amps of 3‑phase power
More about this property
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