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    201 Michigan St Grand Rapids, MI 49503

    For Lease
    $19 SF/Yr

    Prime Retail, 2 Suites Available, 2,000-3,620 SF

    Lot size:
    108,590 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional Class A retail opportunity is located in The Rowe, a beautifully renovated 9-story building at 201 Michigan St NW, Grand Rapids, MI 49503, in Kent County. Built in 1900 and extensively renovated in 2016, this landmark building offers two available retail suites, with a minimum divisible space of 2,000 square feet and a maximum contiguous space of 3,620 square feet. The total building encompasses 108,590 square feet, with 5,620 square feet currently vacant. Its prime downtown location offers high visibility and foot traffic, situated directly across from the DeVos Convention Center and Grand Rapids Innovation Park. The building's unique mixed-use design includes 85 luxury residential units on the upper floors, creating a desirable demographic for retail businesses. Neighboring Atwater Brewery further enhances the area's appeal. This is an unparalleled chance to establish a thriving business in a vibrant and upscale environment. The property offers a unique blend of historic charm and modern amenities, making it an ideal location for businesses seeking a strong presence in the heart of Grand Rapids.

    Property Features for 201 Michigan St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    108,590 SF
    Class
    A
    Total Rate
    176458.75

    Building Details

    Year Built/Renovated
    1900/2016
    Buildings
    1
    Stories
    9

    Unit(s) available at that property

    Space
    First Floor (2,000 SF)
    Size
    2,000 SF
    Rate per SF
    $19
    Space
    First Floor (3,260 SF)
    Size
    3,260 SF
    Rate per SF
    $19

    HighLights

    • Nine‑story Class A mixed‑use building.
    • Historic building in downtown Grand Rapids.
    • Prime location across from the DeVos Convention Center and Grand Rapids Innovation Park.
    • Features ground‑floor retail space and 85 luxury residential units above.
    • Adjacent to Atwater Brewery.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Atwater Brewery in GR Brewery The Rowe Apartment Rental Agency Atwater Brewery GR Brewpub

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Law Firm 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
    -85.6725548
    Latitude
    42.9706305

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    FAQs

    What type of property is this?
    Retail property - Prime Retail, 2 Suites Available, 2,000-3,620 SF
    Where is this retail property located?
    The property is located at 201 Michigan St Grand Rapids, MI.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: Nine-story Class A mixed-use building.; Historic building in downtown Grand Rapids.; Prime location across from the DeVos Convention Center and Grand Rapids Innovation Park.
    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
    201 Michigan St Grand Rapids, MI 49503
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