Retail Space with City
For Lease
$14 SF/Yr
205 S Division Avenue #Main, Grand Rapids, MI 49503
Large downtown retail premises with views, below-building parking access, and a signalized corner setting.
Space SizeContact for details
Property Size40,000 SF
Days on Market908
Property Features for 205 S Division Avenue #Main
General Information
Standard status
Active
Size
40,000 SF
Lease Term
Triple Net Lease
Additional Details
Space Use
Retail
Corner Location
Yes
Building Details
Building Size
40,000 SF
Year Built
2014
Units
1
Listing Agency:
Signature Associates Holland
(616) 396-7788
Listed By:
Thomas J Elhart
(616) 396-7788
Source:
Sabudarealty
Added: Feb 22, 2024
Changed: Aug 15
Last Checked: Aug 18 at 12:18AM
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 retail offering encompasses approximately 40,000 SF at 205 S Division Avenue #Main in Grand Rapids. Constructed in 2014, the space occupies a prominent corner at a signalized intersection and provides views across downtown. A parking ramp is located beneath the premises for customer access.
The property is within walking distance of Grand Rapids’ entertainment district, Studio Park, and VanAndel Arena. Available lease terms range from 36 to 120 months, supporting both shorter and longer occupancy structures for qualified tenants.
The property is within walking distance of Grand Rapids’ entertainment district, Studio Park, and VanAndel Arena. Available lease terms range from 36 to 120 months, supporting both shorter and longer occupancy structures for qualified tenants.
Key Highlights
- Approximately 40,000 SF of retail space
- 2014 construction
- Prominent corner at a signalized intersection
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.10 /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 21% 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 - Large downtown retail premises with views, below-building parking access, and a signalized corner setting.
Where is this retail space located?
The property is located at 205 S Division Avenue #Main Grand Rapids, MI.
What is the lease rate?
The lease rate is $14 SF/Yr.
What are key features of this property?
This property features: Approximately 40,000 SF of retail space; 2014 construction; Prominent corner at a signalized intersection
