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    740 Michigan St Grand Rapids, MI 49503

    Sponsored
    For Lease
    $27 SF/Yr

    Medical Mile Corridor, Two Suites Available

    Lot size:
    1,325 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use retail property, located at 740 Michigan Street NE in Grand Rapids, Michigan, offers two available suites ideal for a variety of businesses. Situated on the thriving Medical Mile corridor, this prime location benefits from high visibility and significant foot traffic. One suite encompasses 1,325 square feet, while the second offers a generous 2,250 square feet, complete with a mezzanine level, providing ample space for operations and storage. The property is part of the Lofts on Michigan complex, sharing its address with established and successful businesses, including 7 Monks Taproom, Taco Borracho, Friesian Gastro Pub, Birch Lodge, Tropical Smoothie, and Walgreens. This diverse tenant mix creates a vibrant and attractive environment for potential occupants. The property is located in Kent County, Michigan, with a zip code of 49503. The building's address is 740 Michigan St NE, Grand Rapids, MI. This is a multi-tenant property offering a unique opportunity to establish a presence in a high-demand area with strong existing businesses. The property type is retail, with a mixed-use designation. The available spaces present a compelling opportunity for businesses seeking a prominent location within a well-established and growing commercial district. The property's coordinates are latitude 42.9697448 and longitude -85.6498293.

    Property Features for 740 Michigan St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,325 SF

    Unit(s) available at that property

    Space
    Suite 120
    Size
    1,325 SF
    Rate per SF
    $27
    Property Profile Location Intelligence

    Current Use by Public Records

    All Attributes Fitness Personal Trainer Lofts on Michigan Apartment Complex Lofts of GR Apartment Building Loan Till Payday ... Loan Agency Two James Spirits ... Bar

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -85.6498293
    Latitude
    42.9697448

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    FAQs

    What type of property is this?
    Retail property - Medical Mile Corridor, Two Suites Available
    Where is this retail property located?
    The property is located at 740 Michigan St Grand Rapids, MI.
    What is the lease rate?
    The lease rate is $27 SF/Yr.
    Request Owner's contact information
    740 Michigan St Grand Rapids, MI 49503
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    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
    740 Michigan St Grand Rapids, MI 49503
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