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    122 Oakes St Grand Rapids, MI 49503

    For Lease
    $27 SF/Yr

    Prime location, Studio Park, multiple suites.

    Lot size:
    44,438 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional retail opportunity presents two available spaces within the vibrant Studio Park development in Grand Rapids, Michigan. Located at 122 Oakes St SW, Suite 120, these spaces offer 1,197 to 2,098 square feet, ideal for a variety of retail uses. The property is part of a larger Class A, four-building complex totaling 44,438 square feet, constructed in 2018 and situated on a 0.22-acre lot. The building features five stories and is zoned for commercial use. This prime location boasts high visibility and foot traffic, situated directly on the piazza and adjacent to the main entrance of the Studio C Multiplex. The surrounding area is bustling with activity, including 295 residential units, a 155-room Canopy by Hilton Hotel, a nine-screen theatre, Starbucks, One Twenty Three Tavern, a 200-seat live music venue, an arts marketplace, and an ice cream shop. Furthermore, the property enjoys close proximity to the Van Andel Arena and the upcoming Acrisure Amphitheater, ensuring significant exposure and a strong customer base. The property's Kent County location and 49503 zip code offer easy access to major transportation routes and a thriving community. This is a rare chance to establish a business in one of Grand Rapids' most dynamic and sought-after entertainment districts. The property's APN is 41-13-25-449-004.

    Property Features for 122 Oakes St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    44,438 SF
    Class
    A
    Total Rate
    99985.5

    Building Details

    Year Built
    2018
    Buildings
    4
    Stories
    5

    Unit(s) available at that property

    Space
    Suite 110
    Size
    1,197 SF
    Rate per SF
    $27
    Space
    Suite 120
    Size
    2,098 SF
    Rate per SF
    $27

    HighLights

    • Grand Rapids Entertainment District location, Studio Park.
    • New construction retail space.
    • High‑visibility retail storefront.
    • Connected parking ramp.
    • Estimated 2024 Net Net Net (NNN) rent: $6 per square foot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Funky Buddha Yoga ... Yoga Studio Leo's Coney Island ... Restaurant Studio Park Lofts Apartment Building The Caribbean Bite (Studio ... Caribbean Restaurant

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Law Firm Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.6711386
    Latitude
    42.9606524

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    FAQs

    What type of property is this?
    Retail property - Prime location, Studio Park, multiple suites.
    Where is this retail property located?
    The property is located at 122 Oakes St Grand Rapids, MI.
    What is the lease rate?
    The lease rate is $27 SF/Yr.
    What are key features of this property?
    This property features: Grand Rapids Entertainment District location, Studio Park.; New construction retail space.; High-visibility retail storefront.
    Request Owner's contact information
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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
    122 Oakes St Grand Rapids, MI 49503
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