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    38 Commerce Ave Grand Rapids, MI 49503

    Sponsored
    For Lease
    $17 SF/Yr

    Prime Downtown Office Suite - 3,257 SF Available

    Lot size:
    42,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A office space, located at 38 Commerce Avenue SW in Grand Rapids, Michigan, offers 3,257 square feet of immediately available space within a larger 42,000 square foot building. The suite boasts a desirable layout including four private offices, a dedicated conference room, a convenient breakroom, and an open area perfect for workstations. Common area restrooms are conveniently located just outside the suite. Built in 2010, this two-story building sits on a 1.248-acre lot and is zoned CC. The property benefits from its prime location in the entertainment district, just a block from the Van Andel Arena, offering excellent visibility and accessibility. Enjoy stunning downtown views and the convenience of attached city ramp parking directly at your doorstep. This is a multi-tenant building in Kent County, with one space currently available. A one-month rent concession is offered for each year of the lease term. The property features ample parking and is situated in a vibrant and desirable area. This is an excellent opportunity for businesses seeking high-quality office space in a dynamic urban setting.

    Property Features for 38 Commerce Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    42,000 SF
    Class
    A
    Total Rate
    62825

    Building Details

    Year Built
    2010
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Suite: 320
    Size
    3,257 SF
    Rate per SF
    $17

    HighLights

    • One (1) month rent concession per lease year.
    • Class A office space downtown, in the entertainment district near the Van Andel Arena.
    • One 3,257 sq ft office suite immediately available.
    • On‑site covered parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rebecka Pratt - Ameriprise ... Financial Consultant Deloitte Financial Consultant Lake Effect Phone ... Mobile Phone Repair Shop Posh Nails & Spa ... Nail Salon Kevin Toler - Ameriprise ... Financial Planner

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center 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
    -85.6687714
    Latitude
    42.9618147

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Downtown Office Suite - 3,257 SF Available
    Where is this office property / space located?
    The property is located at 38 Commerce Ave Grand Rapids, MI.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: One (1) month rent concession per lease year.; Class A office space downtown, in the entertainment district near the Van Andel Arena.; One 3,257 sq ft office suite immediately available.
    Request Owner's contact information
    38 Commerce Ave 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
    38 Commerce Ave Grand Rapids, MI 49503
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