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Divisible Retail Space
For Lease
$9 SF/Yr

2023 Eastern Ave SE, Grand Rapids, MI 49507

Flexible commercial space in a multi-tenant center with separate occupancy options and nearby established business operators.

Space Size1,576 SF - 4,276 SF
Days on Market724

Property Features for 2023 Eastern Ave SE

General Information

Standard status Active
Size 1,576 SF - 4,276 SF
Net Rentable 1,576 SF
Property subtype Retail
Zoning TN-TBA
Lease Type NNN

Space & Availability

Available Space 1,576-4,276 SF
Contiguous Space 4,276 SF
Divisible Yes
Space Use Industrial

Additional Details

Anchor Co-Tenants H&R Block, J Burger and Wings, Family Dollar, Beauty Hair Supply, Little Caesar’s Pizza

Amenities

Power
Water
Sewer
Natural Gas

Building Details

Tenancy Multi

Spaces For Lease

at 2023 Eastern Ave SE Contact us

Available Space $9/Mo

Contact us
Listing Agency: Nucon Realty LLC
Listed By: Ryan Kelley
Source: Carwm.resimplifi
Added: Sep 6, 2024 Changed: Aug 29 Last Checked: Aug 29 at 3:58PM

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 Nucon Realty LLC

Investment Insights

Based on property information with market context.

The retail offering at 2023 Eastern Ave SE provides 4,276 SF of commercial space with a divisible layout. The premises can be separated into two suites: C1 contains 1,576 SF, while C includes 2,700 SF. The space is positioned for retail, office, industrial, gym, or other uses identified in the listing.

The property is part of a commercial center with co-tenants including H&R Block, J Burger and Wings, Family Dollar, Beauty Hair Supply, and Little Caesar’s Pizza. Its location in SE Grand Rapids places the offering within an active multi-tenant retail setting.

Key Highlights

  • 4,276 SF retail offering with two potential suites
  • Divisible into C1 at 1,576 SF and C at 2,700 SF
  • Listed for retail, office, industrial, gym, and other uses

Property Analytics

Current Use

Home Repair Services General Contractor Marvelous Technology Mobile Phone Store J Burger n ... Restaurant H&R Block Tax Preparation

Suggested Use

Top Pick Real Estate Agency Law Firm Skin Care Clinic HVAC Service Plumbing Service Parking Lot & Garage

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

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
$1.35 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

557
Businesses Nearby

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

Market

Lease Benchmarks for Grand Rapids, MI

$19.22 /SF/Yr
Avg Asking Price
$13–$35 /SF/Yr
Price Range
4,042 SF
Avg Space Size

This space is priced 53% below the average of $19.22 /SF/Yr.

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Flexible commercial space in a multi-tenant center with separate occupancy options and nearby established business operators.
Where is this retail space located?
The property is located at 2023 Eastern Ave SE Grand Rapids, MI.
What is the lease rate?
The lease rate is $9 SF/Yr.
What are key features of this property?
This property features: 4,276 SF retail offering with two potential suites; Divisible into C1 at 1,576 SF and C at 2,700 SF; Listed for retail, office, industrial, gym, and other uses
More about this property
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