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    OFF-MARKET
    Neighborhood centers

    2030 Lake Michigan Dr, Grand Rapids, MI 49504

    14,174 SF
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Neighborhood centers
    Total area 14,174 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Fu Garden Restaurant
    • BIGGBY COFFEE Cafe & Coffee Shop
    • Klier Chiropractic Alternative Medicine Practice
    • Ryan Klier, DC Alternative Medicine Practice
    • Lav & Lox Studio Spa & Massage Center
    Value estimations
    Realmo proprietary · 4 methods
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    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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