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Office Units with Open Workspace
For Lease
$7.95 SF/Yr

245 Colrain St SW, Grand Rapids, MI 49548

Configuration includes private offices, open work areas, a kitchenette, and an in-suite restroom.

Space SizeContact for details
Days on Market2261

Property Features for 245 Colrain St SW

General Information

Standard status Active
Total Parking Spaces 62
Property subtype Office
Zoning I-1
Lease Type NNN

Space & Availability

Space Use Office
Condition Turnkey

Additional Details

Highway Access Yes

Amenities

in-suite restrooms
kitchenette
Water
Sewer
62 Parking Spaces

Spaces For Lease

at 245 Colrain St SW Contact us

Available Space $7.95/Mo

Contact us
Listing Agency: MOXIE Real Estate + Development
Listed By: Max Grover
Source: Carwm.resimplifi
Added: Jun 22, 2020 Changed: Aug 28 Last Checked: Aug 30 at 1:59PM

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 MOXIE Real Estate + Development

Investment Insights

Based on property information with market context.

This office offering provides a combination of open work areas and private offices, supporting a flexible workplace configuration. Each suite includes a restroom, and a kitchenette is available for everyday staff use. On-site parking is also part of the property’s features.

The property is located at 245 Colrain St SW in Grand Rapids, with access just off US-131 and 28th Street. I-1 zoning is identified for the property, adding a defined land-use designation to the office offering.

Key Highlights

  • Mix of open work areas and private offices
  • In‑suite restroom and kitchenette
  • Parking available at the property

Property Analytics

Current Use

Cancer Families United Association / Organization Community Church Church

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
$1.19 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

503
Businesses Nearby

Demographics for 49548, MI

34,741
Population
13,174
Households
2.6
Avg Household Size
34
Median Age
17%
College-Educated
86%
High-School Grad
10.8 sq mi
ZIP Area
3,217
Density / Sq Mi
$62,218
Median Household Income
$35,831
Median Earnings
$1,129
Median Rent
$149,500
Median Home Value

Market

Lease Benchmarks for Grand Rapids, MI

$17.71 /SF/Yr
Avg Asking Price
$4–$36 /SF/Yr
Price Range
14,665 SF
Avg Space Size

This space is priced 55% below the average of $17.71 /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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Configuration includes private offices, open work areas, a kitchenette, and an in-suite restroom.
Where is this office units located?
The property is located at 245 Colrain St SW Grand Rapids, MI.
What is the lease rate?
The lease rate is $7.95 SF/Yr.
What are key features of this property?
This property features: Mix of open work areas and private offices; In‑suite restroom and kitchenette; Parking available at the property
More about this property
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