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    2030 Lake Michigan Dr Grand Rapids, MI 49504

    For Lease
    $13 SF/Yr ($15,945 /Mo)

    High-traffic retail space, two suites available.

    Lot size:
    14,174 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This 14,174 square foot retail strip center, located at the prominent corner of Lake Michigan Drive and Covell Avenue, presents a fantastic opportunity for businesses seeking high visibility and strong foot traffic. Currently, two suites are available, offering flexible space options ranging from a minimum of 1,300 square feet to a maximum contiguous space of 9,826 square feet. A significant portion of the center, totaling 11,126 square feet, is currently vacant, providing ample room for expansion or multiple tenants. The property boasts convenient on-site parking for customers and employees. The building features 10-foot ceilings, ensuring a spacious and comfortable environment. Join established businesses such as Biggby Coffee and Snap Fitness in this thriving commercial location. The property is zoned commercial and has a Kent County APN of 41-13-27-127-006. This prime retail space offers excellent potential for growth and success in a high-demand area. The property's strategic location and ample parking make it an ideal choice for a variety of retail businesses. The large vacant space allows for customization to suit individual tenant needs.

    Property Features for 2030 Lake Michigan Dr

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,174 SF
    Total Rate
    15945.75

    Unit(s) available at that property

    Space
    Suite A
    Size
    1,300 SF
    Rate per SF
    $15
    Space
    2036
    Size
    9,826 SF
    Rate per SF
    $13

    HighLights

    • 14,174 SF retail strip center with two suites available in Kent County.
    • 1,300 SF to 9,826 SF of contiguous space available.
    • 11,126 SF of vacant space.
    • Located at the corner of Lake Michigan Drive and Covell Avenue with on‑site parking and high traffic counts.
    • Features 10‑foot ceilings and excellent visibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Fu Garden Chinese Restaurant BIGGBY COFFEE Coffee Shop Klier Chiropractic Chiropractor Ryan Klier, DC Chiropractor Lav & Lox Studio Spa

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -85.7184518
    Latitude
    42.9706228

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    FAQs

    What type of property is this?
    Neighborhood center - High-traffic retail space, two suites available.
    Where is this neighborhood center located?
    The property is located at 2030 Lake Michigan Dr Grand Rapids, MI.
    What is the lease rate?
    The lease rate is $13-$15 SF/Yr.
    What are key features of this property?
    This property features: 14,174 SF retail strip center with two suites available in Kent County.; 1,300 SF to 9,826 SF of contiguous space available.; 11,126 SF of vacant space.
    Request Owner's contact information
    2030 Lake Michigan Dr Grand Rapids, MI 49504
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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
    2030 Lake Michigan Dr Grand Rapids, MI 49504
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