Listing Agency: Dar Commercial Show Phone

Listed By: Dave Denton · License #MI 6502372595

Source: Crexi

Added: Jun 13, 2020 Changed: Jul 10 Last Checked: Jul 31 at 2:39PM

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Investment Insights

Based on property information with market context.

This commercial real estate is located in a strip center at the corner of Lake Michigan Drive and Covell Avenue. Current tenants include Biggby Coffee and Snap Fitness. The property is suitable for retail and other commercial uses.

Key Highlights

• Located at the corner of Lake Michigan Drive and Covell Avenue.
• Part of a strip center.
• Join Biggby Coffee as a neighbor.

Property Analytics

Property Profile

Current Use

Fu Garden Restaurant BIGGBY COFFEE Cafe & Coffee Shop Klier Chiropractic Alternative Medicine Practice Ryan Klier, DC Alternative Medicine Practice Lav & Lox Studio Spa & Massage Center

Suggested Use

Top Pick Law Firm Real Estate Agency Hair Salon Spa & Massage Center Restaurant 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

NNN (Triple Net)

Lease Type

$2.25 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

356

Businesses Nearby

28k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 59% Shops & Services 23% Home Improvements & Furnishings 19%

McDonald's Dining

13,628 visits/mo 0.2 miles

Family Dollar Shops & Services

6,321 visits/mo 0.2 miles

Great Lakes Ace Home Improvements & Furnishings

5,276 visits/mo 0.1 miles

SUBWAY Dining

2,818 visits/mo 0.3 miles

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

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What type of property is this? Where is this strip malls located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Strip mall - Retail space available in a busy Grand Rapids strip center.

Where is this strip mall located?

The property is located at 2030 Lake Michigan Drive NW Grand Rapids, MI.

What is the lease rate?

The lease rate is $15 SF/Yr.

What are key features of this property?

This property features: Located at the corner of Lake Michigan Drive and Covell Avenue.; Part of a strip center.; Join Biggby Coffee as a neighbor.