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    855 Michigan St Grand Rapids, MI 49503

    For Lease
    $21 SF/Yr ($18,220 /Mo)

    Grocery-Ready Space, High Visibility

    Lot size:
    9,961 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional Class A retail property, located at 855 Michigan St. Suite 102 in Kent County, offers a prime opportunity for a grocer or similar business. The building boasts a total of 9,961 square feet, divided into four suites. One suite, measuring 2,549 square feet, is currently available for lease. This space features a pre-existing build-out suitable for a butcher shop or food production facility, complete with retail space and an outdoor patio area equipped with an awning. The property sits on a 0.656-acre lot, providing ample on-site parking for customers and employees. Its location on the busy Michigan Street corridor ensures high visibility and accessibility. The zoning is Traditional Neighborhood, and the property benefits from prominent building and monument signage opportunities. The minimum divisible space is 2,549 square feet, and the maximum contiguous space available is also 2,549 square feet. This is an ideal location for a business seeking high foot traffic and convenient parking in a thriving commercial area. The property's existing infrastructure and convenient layout make it a turn-key solution for a variety of retail uses. Don't miss this chance to secure a well-positioned retail space in a desirable Kent County location.

    Property Features for 855 Michigan St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,961 SF
    Class
    A
    Total Rate
    18220.33

    Unit(s) available at that property

    Space
    Suite 102
    Size
    2,549 SF
    Rate per SF
    $21

    HighLights

    • Retail property totaling 9,961 square feet.
    • One 2,549 square foot retail space available.
    • Located on busy Michigan Street with ample on‑site parking.
    • Currently built out as a butcher shop/food production facility with retail space.
    • Features outdoor patio seating with awning.
    • Building and monument signage available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lumberyard Lofts Apartment Complex Grand Butchers Butcher Shop LibertyX Bitcoin ATM Atm Snap Fitness Grand ... Gym Maggie's Restaurant

    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
    -85.647668007723
    Latitude
    42.970394544599

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    FAQs

    What type of property is this?
    Retail property - Grocery-Ready Space, High Visibility
    Where is this retail property located?
    The property is located at 855 Michigan St Grand Rapids, MI.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: Retail property totaling 9,961 square feet.; One 2,549 square foot retail space available.; Located on busy Michigan Street with ample on-site parking.
    Request Owner's contact information
    855 Michigan St Grand Rapids, MI 49503
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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
    855 Michigan St Grand Rapids, MI 49503
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