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    245 Grand Rpd Grand Rapids, MI 49548

    Sponsored
    For Lease
    $7 SF/Yr

    Affordable, Turn-Key Office in Grand Rapids

    Lot size:
    5,674 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional turn-key office space, located at 245 Colrain St SW in Grand Rapids, Michigan, 49548, presents a fantastic opportunity for businesses seeking a convenient and cost-effective workspace. The single-tenant property offers a desirable blend of open work areas and private offices, catering to diverse operational needs. The suite includes the added convenience of in-suite restrooms and a kitchenette, enhancing employee comfort and productivity. Ample parking is readily available, addressing a common concern for employees and clients alike. The property's strategic location just off US-131 and 28th Street ensures easy access to major transportation arteries, simplifying commutes and client visits. This traditional office space boasts a highly competitive lease rate, making it an attractive option for businesses of all sizes seeking a functional and well-appointed office environment in a prime Grand Rapids location. The property is classified as a traditional office building and is available for immediate occupancy. The building's address is easily accessible via major roadways, offering convenient access for employees and clients. The competitive lease rate makes this an attractive option for businesses seeking a cost-effective solution for their office space needs.

    Property Features for 245 Grand Rpd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,674 SF

    Unit(s) available at that property

    Space
    Size
    5,674 SF
    Rate per SF
    $7

    HighLights

    • 245 Colrain St SW, Grand Rapids, MI 49548: Turnkey office space available for immediate occupancy.
    • Single‑tenant suite with open workspace and private offices.
    • Includes in‑suite restrooms and kitchenette.
    • Ample parking available.
    • Excellent location near US‑131 and 28th Street, offering easy access to major transportation arteries.
    • Highly competitive lease rate.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.6726257
    Latitude
    42.9111901

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    FAQs

    What type of property is this?
    Office Property / Space - Affordable, Turn-Key Office in Grand Rapids
    Where is this office property / space located?
    The property is located at 245 Grand Rpd Grand Rapids, MI.
    What is the lease rate?
    The lease rate is $7 SF/Yr.
    What are key features of this property?
    This property features: 245 Colrain St SW, Grand Rapids, MI 49548: Turnkey office space available for immediate occupancy.; Single-tenant suite with open workspace and private offices.; Includes in-suite restrooms and kitchenette.
    Request Owner's contact information
    245 Grand Rpd Grand Rapids, MI 49548
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    Grand Rapids, MI 49548
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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
    245 Grand Rpd Grand Rapids, MI 49548
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