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    900 Leonard St Grand Rapids, MI 49504

    For Lease
    $19 SF/Yr ($2,438 /Mo)

    Prime Retail Space, 1540 sq ft, New Construction.

    Lot size:
    1,540 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 1,540 square foot retail space is located at 900 Leonard Street NW in Grand Rapids, Michigan, 49504. The property, built in 2023, is a Class A building and part of a larger mixed-use development. The entire building comprises 1,540 square feet across four stories, currently entirely vacant and available for immediate occupancy. The space is ideally suited for a business seeking high visibility and strong foot traffic. Its location along the Leonard Street Corridor offers excellent exposure to a thriving neighborhood. A significant advantage is the presence of 120 fully leased, market-rate apartment units within the same development, providing a built-in customer base and strong potential for synergy. The space is designed to serve as a vibrant amenity for residents and the surrounding community. The property is categorized as both retail and multifamily, reflecting its unique position within a dynamic mixed-use environment. This presents a rare opportunity for a business to establish itself in a rapidly growing area with a captive audience. The property offers a unique blend of retail space and residential integration, creating a vibrant and thriving community hub. This is a turnkey opportunity for a business seeking a high-impact location in a desirable Grand Rapids neighborhood.

    Property Features for 900 Leonard St

    General Information

    Property type
    Multifamily properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,540 SF
    Class
    A
    Total Rate
    2438.33

    Building Details

    Year Built
    2023
    Buildings
    1
    Stories
    4

    Unit(s) available at that property

    Space
    Ground Floor
    Size
    1,540 SF
    Rate per SF
    $19

    HighLights

    • 1,540 SF new construction retail space in Grand Rapids, MI.
    • Located in a mixed‑use development with 120 market‑rate apartments, providing a built‑in customer base.
    • Features on‑site parking, large storefront windows, and exterior signage, offering high visibility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Victory on Leonard Apartment Complex

    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
    -85.69121449
    Latitude
    42.98536416

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    FAQs

    What type of property is this?
    Multifamily property - Prime Retail Space, 1540 sq ft, New Construction.
    Where is this multifamily property located?
    The property is located at 900 Leonard 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: 1,540 SF new construction retail space in Grand Rapids, MI.; Located in a mixed-use development with 120 market-rate apartments, providing a built-in customer base.; Features on-site parking, large storefront windows, and exterior signage, offering high visibility.
    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
    900 Leonard St Grand Rapids, MI 49504
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