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Property profile & analytics

900 Leonard St Grand Rapids, MI 49504

  • Commercial real estate
  • 24,630 SF
  • 1.10 lot acres
Value Estimation
$515,000
Last Sale
Oct 20, 2020
$580,000
Location Intelligence
Property ID
US43-1601710
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Victory on Leonard / Apartment Complex

Property Details for 900 Leonard St

Year built
1931
Lot size
1.10 lot acres
Property size
24,630 SF
Zone code
TN-TBA
Property type
Commercial real estate
APN
41-13-23-227-025
APU
411323227025

Description

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.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $485,000
  • CAP approach

    CAP return
    Estimation
    6%
    $640,000
    6.5%
    $610,000
    7%
    $645,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $620,000
    Geo Method
    $640,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $570,000
    Retail
    $630,000
    Mixed-Use
    $575,000
    Hospitality
    $645,000
    Educational
    $625,000
    Residential Income
    $620,000
    Energy
    $505,000
    Income-Based Land
    $630,000
    Food Service
    $495,000

Location Insight

  • Map
  • Local Demand
City
Grand Rapids
County
Kent
State
Michigan
Longitude
-85.6912
Latitude
42.985
CBSA code
24340
CBSA name
GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2021
$15,135
$0.00
$0.00
$722,700
-
$0.00
$0.00
$1,445,400
More about this property
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