Downtown Grand Rapids Retail
For Lease
$13 SF/Yr
205 S Division Ave Main, Grand Rapids, MI 49503
Class A retail space in the heart of downtown.
Space SizeContact for details
Days on Market117
Property Features for 205 S Division Ave Main
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
2014
Units
1
Listing Agency:
Signature Associates Holland
(616) 396-7788
Listed By:
Thomas J Elhart
(616) 396-7788
Source:
Elliman
Added: Apr 24
Changed: Aug 8
Last Checked: Aug 17 at 9:08AM
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 Signature Associates Holland
Investment Insights
Based on property information with market context.
This Class A retail space is situated in the heart of downtown Grand Rapids, within walking distance of the entertainment district, Studio Park, and VanAndel Arena. The space offers views of downtown and includes access to a parking ramp below. It occupies a prime hard-corner location at a lighted intersection in the busy downtown area. The property has a walk score of 82, indicating it is very walkable, a bike score of 60, indicating it is bikeable, and a transit score of 43, indicating some transit options are available. Potential Tenant Improvement Allowance is available for qualified and credited tenants. The lease term is between 36 and 120 months.
Key Highlights
- Prime downtown location at a hard‑corner, lighted intersection.
- Walking distance to entertainment district, Studio Park, and VanAndel Arena.
- On‑site parking ramp for clients.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.95 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
4,384
Businesses Nearby
37k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Dining 25%
Hotels & Casinos 22%
Home Improvements & Furnishings 4%
Residence Inn Grand Rapids Downtown
Hotels & Casinos
8,031 visits/mo
0.4 miles
Mobil
Shops & Services
7,368 visits/mo
0.4 miles
Family Dollar
Shops & Services
6,683 visits/mo
0.4 miles
Leo's Coney Island
Dining
3,662 visits/mo
0.3 miles
Dollar General
Shops & Services
3,547 visits/mo
0.4 miles
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
$17.71 /SF/Yr
Avg Asking Price
$11–$35 /SF/Yr
Price Range
29,221 SF
Avg Space Size
This space is priced 27% below the average of $17.71 /SF/Yr.
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Class A retail space in the heart of downtown.
Where is this retail space located?
The property is located at 205 S Division Ave Main Grand Rapids, MI.
What is the lease rate?
The lease rate is $13 SF/Yr.
What are key features of this property?
This property features: Prime downtown location at a hard‑corner, lighted intersection.; Walking distance to entertainment district, Studio Park, and VanAndel Arena.; On‑site parking ramp for clients.
