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    1400 Michigan St Grand Rapids, MI 49503

    Sponsored
    For Lease
    $17 SF/Yr ($7,933 /Mo)

    Prime Kent County location, flexible suites.

    Lot size:
    5,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional two-story office building, located at 1400 E Michigan Street in Grand Rapids, Michigan, presents a compelling investment opportunity. The 5,600 square foot building sits on a 0.7-acre lot and is classified as Class C. Constructed in 1972, the property features a single building with multiple tenancies, offering five available spaces ranging from 1,100 to 3,300 square feet. Ideal for both traditional and medical office uses, this property is zoned TN - Office Service (201) and is conveniently situated in the Kent submarket of Kent County. Its strategic location offers easy access to downtown Grand Rapids and the I-196 interchange, ensuring convenient commutes for employees and clients. Ample on-site parking is available, catering to the needs of tenants and visitors. The property's versatile suite sizes make it suitable for businesses of various sizes, from startups to established practices. This well-maintained building provides the accessibility and flexibility necessary for thriving businesses in a bustling commercial area. The APN is 41-14-29-226-017 and the zip code is 49503.

    Property Features for 1400 Michigan St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,600 SF
    Class
    C
    Total Rate
    7933.33

    Building Details

    Year Built
    1972
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    2nd Floor Suite 1
    Size
    1,100 SF
    Rate per SF
    $20
    Space
    1st Floor Suite 2
    Size
    1,100 SF
    Rate per SF
    $18
    Space
    1st Floor Suite 3
    Size
    1,100 SF
    Rate per SF
    $18
    Space
    1st Floor Suite 2&3
    Size
    2,200 SF
    Rate per SF
    $17
    Space
    Suites 1, 2, & 3
    Size
    3,300 SF
    Rate per SF
    $18

    HighLights

    • Well‑maintained Class C office building.
    • Convenient access to I‑196 and downtown Grand Rapids.
    • Ample on‑site parking.
    • Proximity to public transportation.
    • Minutes from downtown Grand Rapids.
    Property Profile Location Intelligence

    Current Use by Public Records

    Acquire Financial Solutions, ... Life Insurance Agency Mithilesh J. Mishra ... Plastic Surgeon Medical Mile Massage ... Massage Therapist Craig Houchen Acupuncturist Medical Mile Massage Massage Therapist

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon 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
    -85.6351538
    Latitude
    42.9697031

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    FAQs

    What type of property is this?
    Medical office - Prime Kent County location, flexible suites.
    Where is this medical office located?
    The property is located at 1400 Michigan St Grand Rapids, MI.
    What is the lease rate?
    The lease rate is $17-$20 SF/Yr.
    What are key features of this property?
    This property features: Well-maintained Class C office building.; Convenient access to I-196 and downtown Grand Rapids.; Ample on-site parking.
    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
    1400 Michigan St Grand Rapids, MI 49503
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