Prime Retail Space For
For Sale
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425 Stocking Ave NW, Grand Rapids, MI 49504
Retail building in strategic location, ideal for redevelopment.
Property Size10,000 SF
Lot Size0.50 Acres
Price / SF$159.50
Days on Market188
Property Features for 425 Stocking Ave NW
General Information
Standard status
Active
Size
10,000 SF
Lot size
0.50 Acres
Property subtype
Retail
Listing Agency:
Bradley Company Grand Rapids
(616) 254-0005
Listed By:
Chip Bowling · License #MI
Source:
Crexi
Added: Feb 5
Changed: Aug 8
Last Checked: Aug 10 at 10:14AM
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 Bradley Company Grand Rapids
Investment Insights
Based on property information with market context.
A single-tenant retail building offering approximately 10,000 square feet is available for sale or lease. Currently occupied by Dollar General, who intends to vacate, the property is suitable for continued retail use or redevelopment. The site, spanning just over 0.5 acres, presents a redevelopment opportunity. The property benefits from a strategic location on the West Side, steps from the Bridge Street corridor and Bridge Street Market. It offers visibility and accessibility. The property will be vacant and available for new occupancy starting April 1, 2026. The upcoming Amway Stadium, a major professional soccer venue set to open soon, is expected to bring increased foot traffic, tourism, and neighborhood revitalization to the riverfront area, potentially benefiting this location.
Key Highlights
- Strategic West Side location near Bridge Street corridor and upcoming Amway Stadium.
- Approximately 10,000 SF flexible single‑tenant retail building, suitable for various uses.
- Immediate availability starting April 1, 2026.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$144,958
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,899,160
$2.9M
Cap Rate 7%
$2,070,829
$2.1M
Cap Rate 9%
$1,610,644
$1.6M
Market Conditions
NOI Build-Up for 10,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$219.6K $21.96/SF
− Vacancy
−$12.5K −$1.25/SF
EGI
$207.1K $20.71/SF
− OpEx
−$62.1K −$6.21/SF
NOI
$145.0K $14.50/SF
Area
Grand Rapids, MI
Vacancy
5.70%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,899,160
Cap Rate 7%
$2,070,829
Cap Rate 9%
$1,610,644
Alternative Uses
Best Use
Retail
$2.07M
$1.81M – $2.42M
NOI $144,958 @ 7.0% cap · market cap 9.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.32M
$2.03M – $2.71M
NOI $162,450 @ 7.0% cap · market cap 10.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,206
Businesses Nearby
60k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Shops & Services 32%
Hotels & Casinos 15%
Electronics 1%
Burger King
Dining
13,932 visits/mo
0.4 miles
Meijer Gas Station
Shops & Services
10,740 visits/mo
0.1 miles
Condado Tacos
Dining
9,146 visits/mo
0.1 miles
Holiday Inn Grand Rapids Downtown, an IHG Hotel
Hotels & Casinos
8,712 visits/mo
0.4 miles
Dollar General
Shops & Services
5,481 visits/mo
0.1 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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail building in strategic location, ideal for redevelopment.
Where is this retail space located?
The property is located at 425 Stocking Ave NW Grand Rapids, MI.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Strategic West Side location near Bridge Street corridor and upcoming Amway Stadium.; Approximately 10,000 SF flexible single‑tenant retail building, suitable for various uses.; Immediate availability starting April 1, 2026.
