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Property profile & analytics

122 Oakes St Grand Rapids, MI 49503

  • Commercial real estate
  • 44,438 SF
  • 0.22 lot acres
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US43-4203949
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

  • Funky Buddha Yoga Hothouse / Gym & Fitness Center
  • Leo's Coney Island On Tap / Restaurant
  • Studio Park Lofts / Apartment Building
  • The Caribbean Bite (Studio Park) / Restaurant

Property Details for 122 Oakes St

Year built
2018
Lot size
0.22 lot acres
Property size
44,438 SF
Zone code
TN-CC
Property type
Commercial real estate
APN
41-13-25-449-004
APU
411325449004

Description

This exceptional retail opportunity presents two available spaces within the vibrant Studio Park development in Grand Rapids, Michigan. Located at 122 Oakes St SW, Suite 120, these spaces offer 1,197 to 2,098 square feet, ideal for a variety of retail uses. The property is part of a larger Class A, four-building complex totaling 44,438 square feet, constructed in 2018 and situated on a 0.22-acre lot. The building features five stories and is zoned for commercial use. This prime location boasts high visibility and foot traffic, situated directly on the piazza and adjacent to the main entrance of the Studio C Multiplex. The surrounding area is bustling with activity, including 295 residential units, a 155-room Canopy by Hilton Hotel, a nine-screen theatre, Starbucks, One Twenty Three Tavern, a 200-seat live music venue, an arts marketplace, and an ice cream shop. Furthermore, the property enjoys close proximity to the Van Andel Arena and the upcoming Acrisure Amphitheater, ensuring significant exposure and a strong customer base. The property's Kent County location and 49503 zip code offer easy access to major transportation routes and a thriving community. This is a rare chance to establish a business in one of Grand Rapids' most dynamic and sought-after entertainment districts. The property's APN is 41-13-25-449-004.


Value Estimations

based on Realmo’s proprietary methodology
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $6,771,000
    Market price range: $2.46M - $6.77M
    AI Estimate
    $6,771,000
    Market price range: $2.46M - $6.77M

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Grand Rapids
County
Kent
State
Michigan
Longitude
-85.6711
Latitude
42.9606
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
$164,073
$0.00
$0.00
$4,043,400
-
$0.00
$0.00
$8,086,800
More about this property
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