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    2023 Eastern Ave Grand Rapids, MI 49507

    Sponsored
    For Lease
    $11 SF/Yr

    Versatile 4,276 sq ft space, ideal for various uses.

    Lot size:
    4,276 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This prime commercial property, located at 2023 Eastern Ave SE in Grand Rapids, Michigan (49507), offers 4,276 square feet of flexible space suitable for a variety of businesses. The property is situated in a high-traffic area with excellent visibility, boasting co-tenancy with established brands including H&R Block, J Burger and Wings, Family Dollar, Beauty Hair Supply, and Little Caesar's Pizza. The space is divisible, offering two potential units: a 1,576 square foot unit (C1) and a 2,700 square foot unit (C). This single-tenant property is categorized as Retail, Office, and Industrial, encompassing subtypes such as Traditional Office, Coworking, Warehouse, Flex, Manufacturing, Distribution, and Medical Office. Its location within the Grand Rapids SE submarket of Kent County, Michigan makes it an attractive option for businesses seeking a thriving commercial environment. The property's versatility allows for diverse uses, making it an excellent opportunity for businesses looking to establish or expand their operations in a high-traffic, well-established commercial center. This is a rare opportunity to secure a well-positioned commercial space in a dynamic and growing area.

    Property Features for 2023 Eastern Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,276 SF

    Unit(s) available at that property

    Space
    Size
    4,276 SF
    Rate per SF
    $11

    HighLights

    • 4,276 square feet of flexible commercial space at 2023 Eastern Ave SE, Grand Rapids, MI 49507.
    • High‑traffic location with excellent visibility, co‑tenanted by established brands.
    • Divisible into two units: 1,576 sq ft (C1) and 2,700 sq ft (C).
    • Suitable for Retail, Office, and Industrial uses.
    • Located in the thriving Grand Rapids SE submarket of Kent County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Home Repair Services Contractor Marvelous Technology Cell Phone Store J Burger n ... Fast Food Restaurant H&R Block Tax Preparation Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.648384804186
    Latitude
    42.926573769271

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    FAQs

    What type of property is this?
    Medical office - Versatile 4,276 sq ft space, ideal for various uses.
    Where is this medical office located?
    The property is located at 2023 Eastern Ave Grand Rapids, MI.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    What are key features of this property?
    This property features: 4,276 square feet of flexible commercial space at 2023 Eastern Ave SE, Grand Rapids, MI 49507.; High-traffic location with excellent visibility, co-tenanted by established brands.; Divisible into two units: 1,576 sq ft (C1) and 2,700 sq ft (C).
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2023 Eastern Ave Grand Rapids, MI 49507
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