Retail/Office Suite on Michigan
For Lease
Contact for pricing
740 Michigan St NE, Grand Rapids, MI 49503
Retail or office space with parking in Medical Mile.
Space Size1,325 SF - 2,700 SF
Property Size73,296 SF
Days on Market1330
Property Features for 740 Michigan St NE
General Information
Standard status
Active
Size
1,325 SF - 2,700 SF
Class
A
Property subtype
Retail, Office
Lease Type
Modified Gross
Building Details
Building Size
73,296 SF
Year Built
2016
Tenancy
Multiple
Spaces For Lease
at 740 Michigan St NE Contact us- Size
- 2,250 SF
- Type
- Retail
- Lease Type
- Modified Gross
- Availability
- Active
Suite 110
- Size
- 1,325 SF
- Type
- Retail
- Lease Type
- Modified Gross
- Availability
- Active
Suite 120
- Size
- 2,700 SF
- Type
- Retail
- Lease Type
- Modified Gross
- Availability
- Active
Suite 100 + 101
- Size
- 1,350 SF
- Type
- Retail
- Lease Type
- Modified Gross
- Availability
- Active
Suite 100
Listing Agency:
Advantage Commercial Real Estate
(616) 327-2800
Listed By:
Mark Ansara · License #MI 6501354465
Source:
Crexi
Added: Jan 10, 2023
Changed: Aug 31
Last Checked: Aug 31 at 4:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Advantage Commercial Real Estate
Investment Insights
Based on property information with market context.
A retail or office suite is available on Michigan Street, offering private parking behind the building and street parking. The suite provides visibility within the Medical Mile Corridor and features a modern interior layout. The property, known as Lofts on Michigan, is also home to the 7 Monks Taproom. The available space totals 2,700 square feet, or it can be divided into two 1,350-square-foot suites with a shared conference room. Surrounding businesses include Taco Borracho, Friesian Gastro Pub, Birch Lodge, Tropical Smoothie, Grand Coney's, and Walgreen's.
Key Highlights
- Directly on Michigan Street in the Medical Mile Corridor with great visibility
- Private parking behind the building plus street parking
- Modern interior layout
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.74 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
937
Businesses Nearby
Explore this area
Business Placement
Demographics for 49503, MI
39,344
Population
19,017
Households
2.1
Avg Household Size
30
Median Age
44%
College-Educated
88%
High-School Grad
7.3 sq mi
ZIP Area
5,390
Density / Sq Mi
$61,734
Median Household Income
$36,694
Median Earnings
$1,207
Median Rent
$224,100
Median Home Value
Market
Lease Benchmarks for Grand Rapids, MI
$16.75 /SF/Yr
Avg Asking Price
$3.81–$35 /SF/Yr
Price Range
24,398 SF
Avg Space Size
This space is priced 49% above the average of $16.75 /SF/Yr.
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail or office space with parking in Medical Mile.
Where is this retail space located?
The property is located at 740 Michigan St NE Grand Rapids, MI.
What is the lease rate?
The lease rate is $24.95 SF/Yr.
What are key features of this property?
This property features: Directly on Michigan Street in the Medical Mile Corridor with great visibility; Private parking behind the building plus street parking; Modern interior layout
