Downtown Retail Space
For Lease
Contact for pricing
240 Ionia Ave SW, Grand Rapids, MI 49503
Prime retail space in downtown Grand Rapids, up to 6,300 SF.
Space Size4,600 SF - 6,300 SF
Property Size53,687 SF
Days on Market1566
Property Features for 240 Ionia Ave SW
General Information
Standard status
Active
Size
4,600 SF - 6,300 SF
Property subtype
Retail
Lease Type
NNN
Building Details
Building Size
53,687 SF
Year Built
2013
Tenancy
Multiple
Spaces For Lease
at 240 Ionia Ave SW Contact us- Size
- 4,600 SF
- Type
- Retail
- Lease Type
- NNN
- Availability
- Active
Suite: A-Main No Mezzanine
- Size
- 6,300 SF
- Type
- Retail
- Lease Type
- NNN
- Availability
- Active
Suite: B-Main W/Mezzanine
Listing Agency:
Signature Associates Grand Rapids
Listed By:
Joe Rizqallah · License #MI
(616) 235-0900
Source:
Crexi
Added: May 24, 2022
Changed: Aug 26
Last Checked: Sep 4 at 8:07PM
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 Signature Associates Grand Rapids
Investment Insights
Based on property information with market context.
This property offers up to 6,300 square feet of retail space located in downtown Grand Rapids, near the Arena and historic Heartside district. The space features an open layout with large bay windows providing street frontage. On-site parking is available, and there is potential for sidewalk dining. A Tenant Improvement Allowance is available for credited and qualified tenants. The location is near dining and nightlife destinations.
Key Highlights
- Prime retail space up to 6,300 SF in downtown Grand Rapids.
- Located near the Arena and historic Heartside district.
- Close proximity to dining and nightlife.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.65 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
4,317
Businesses Nearby
36k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 46%
Dining 26%
Hotels & Casinos 22%
Home Improvements & Furnishings 6%
Residence Inn Grand Rapids Downtown
Hotels & Casinos
8,031 visits/mo
0.4 miles
Mobil
Shops & Services
7,368 visits/mo
0.3 miles
Family Dollar
Shops & Services
6,683 visits/mo
0.4 miles
Leo's Coney Island
Dining
3,662 visits/mo
0.2 miles
SUBWAY
Dining
3,211 visits/mo
0.3 miles
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 34% below the average of $16.75 /SF/Yr.
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Prime retail space in downtown Grand Rapids, up to 6,300 SF.
Where is this retail space located?
The property is located at 240 Ionia Ave SW Grand Rapids, MI.
What is the lease rate?
The lease rate is $11 SF/Yr.
What are key features of this property?
This property features: Prime retail space up to 6,300 SF in downtown Grand Rapids.; Located near the Arena and historic Heartside district.; Close proximity to dining and nightlife.
