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    6151 28Th St Grand Rapids, MI 49546

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    For Lease
    Contact for pricing

    Affordable Office Space, Prime Location

    Lot size:
    20,183 SF

    Property Features for 6151 28Th St

    General Information

    Property type
    Office properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,183 SF

    Spaces For Lease

    at 6151 28Th St, Grand Rapids, MI 49546 Contact us
    Unit 6167 28th St SE, Suite 10 & 14

    $13 /Mo

    Size
    3,535 SF
    Contact us
    Unit 6159 28th St SE, Suite 9

    $13 /Mo

    Size
    3,608 SF
    Contact us
    Unit 6147 28th St SE, Suite 17

    $13 /Mo

    Size
    1,020 SF
    Contact us
    Unit 6161 28th St SE, Suite 4

    $13 /Mo

    Size
    1,500 SF
    Contact us
    Unit 6157 28th St SE, Suite 11

    $13 /Mo

    Size
    1,955 SF
    Contact us
    Unit 6159 28th St SE, Suite 16

    $13 /Mo

    Size
    1,730 SF
    Contact us
    Unit 6167 28th St SE, Suite 17

    $13 /Mo

    Size
    2,355 SF
    Contact us
    Unit 6151 28th St SE, Suite 9

    $13 /Mo

    Size
    2,040 SF
    Contact us
    Unit 6157 28th St SE, Suite 18

    $13 /Mo

    Size
    1,450 SF
    Contact us
    Unit 6161 28th St SE, Suite 2

    $13 /Mo

    Size
    990 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Cody Smith
    Cody Smith

    Listing Agency: Advantage Commercial Real Estate Listing Agent: Cody Smith

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Cascade Business Center offers multiple office suites for lease in Grand Rapids, Michigan, ranging from 990 to 3,608 square feet. This retail and office complex provides affordable space with a retail-inspired atmosphere, boasting excellent visibility and convenient access from I-96. The property features ample on-site parking and signage opportunities, making it ideal for businesses seeking high visibility. Tenants benefit from flexible lease terms and on-site management support. The strategic location near major retailers such as Walmart Super Center, D&W Fresh Market, Audi, Fox Subaru, and Tommy's Car Wash ensures high traffic and convenient access for employees and clients. The address is 6151-6161 28th St SE, Grand Rapids, MI 49546. A total of 10 spaces are currently available. This property is perfect for businesses seeking a blend of affordability, convenience, and high visibility in a thriving commercial area. The property is classified as traditional office space with multiple tenancies.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farm Bureau Insurance ... Insurance Agency Farm Bureau Insurance ... Insurance Agency The Johnson Agency Insurance Agency HRC Medical Center ... Medical Clinic Cascade Chiropractic Clinic Alternative Medicine Practice

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.515478734945
    Latitude
    42.913391533901

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      Grand Rapids Restaurant Ready Space

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      Grand Rapids Commercial Building ForRent

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    FAQs

    What type of property is this?
    Office property - Affordable Office Space, Prime Location
    Where is this office property located?
    The property is located at 6151 28Th St Grand Rapids, MI.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: Multiple office suites available for lease, 990-3,608 square feet.; Affordable office space in a retail-inspired complex with excellent I-96 visibility.; Ample on-site parking and signage opportunities.
    (616) 327-2629 Call to check price and availability
    Request Owner's contact information
    6151 28Th St Grand Rapids, MI 49546
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    Grand Rapids, MI 49546
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    6151 28Th St Grand Rapids, MI 49546
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Cody Smith
    Cody Smith
    Real Estate License ID: 6501443789
    (616) 327-2629 (248) 892-2634 (616) 327-2800
    Learn more
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