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    333 Chavez Ave Grand Rapids, MI 49503

    For Lease
    $17 SF/Yr ($12,393 /Mo)

    Historic Charm, Modern Space, 2,939 SF Available

    Lot size:
    8,748 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 2,939 square foot executive office suite, located in the heart of downtown Grand Rapids, offers a unique blend of historic charm and modern functionality. Situated in a three-building complex totaling 8,748 square feet, this second-floor space boasts stunning 14-foot ceilings with exposed wood beams and LVP flooring. The property, built in 1891, is zoned TN-CC, providing flexibility for a variety of uses, including coffee shops, cafes, bars, restaurants, professional offices, salons, and retail establishments. The suite's prime location offers convenient access to Founders Brewery, Grand Rapids Ballet, and US-131. A modified gross lease of $17 per square foot ($4,164 per month) is offered for a 36-60 month term. Tenants are responsible for utilities and janitorial services. This is a rare opportunity to secure a distinctive and well-located commercial space in a thriving downtown area. The building's character and the suite's versatile layout make it an ideal choice for businesses seeking a unique and inspiring work environment. Don't miss this chance to establish your presence in one of Grand Rapids' most desirable locations.

    Property Features for 333 Chavez Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,748 SF
    Total Rate
    12393

    Building Details

    Year Built
    1891
    Buildings
    3

    Unit(s) available at that property

    Space
    Suite 2nd Floor
    Size
    2,939 SF
    Rate per SF
    $17

    HighLights

    • 8,748 square feet total building area.
    • 2,939 square feet of commercial space available for lease.
    • TN‑CC zoning.
    • 14‑foot ceiling height.
    • $17/SF ($4,164/month) modified gross lease rate.
    • Tenant responsible for utilities and janitorial services.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Law Firm Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.674549
    Latitude
    42.9567227

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    FAQs

    What type of property is this?
    Office Property / Space - Historic Charm, Modern Space, 2,939 SF Available
    Where is this office property / space located?
    The property is located at 333 Chavez Ave Grand Rapids, MI.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: 8,748 square feet total building area.; 2,939 square feet of commercial space available for lease.; TN-CC zoning.
    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
    333 Chavez Ave Grand Rapids, MI 49503
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