Financial
Distress signals
Property profile

1621 Leonard NE St Grand Rapids, MI 49505

OFF-MARKET
Commercial real estate
Property ID
US43-1379264
24,000 SF 2.26 ac lot Built 1987
Last sale Jul 2013
Entity Owned Owner of record is a legal entity (LLC / corporation). 13-yr Hold Held for 13 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The Beckwith Center, located at 1621 Leonard St NE in Grand Rapids, Michigan, presents a compelling retail investment opportunity. This 24,000 square foot strip center, built in 1985 and renovated in 2005, sits on a 2.26-acre lot and offers multiple tenancy options. Currently, there are 2,510 square feet of vacant space available, divisible into units ranging from 1,010 to a maximum contiguous 1,500 square feet. The property is zoned C-2, providing flexibility for a variety of retail uses.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2021

What does the county charge?
$50k
Tax billed · 2021
Assessed value · 2023$961k
Effective rate5.21%

Value estimate

· Sep 2026
$680k
$612k – $748k
Submarket $/SF estimate$1.46M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$82/SF
ZIP average, outlier-cleaned · 21 recorded sales of this use type
Observed band · Q1–Q3$40 – $126

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
MCN-C
JurisdictionKENT

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency28.7
Law Firm23.9
Restaurant22.2

Location

1621 Leonard NE St Grand Rapids, MI 49505-5658
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2300 3rd Mile NE, Grand Rapids, MI 49505-3956 $1,600,000 Dec 2025 9,760 SF
1416 Nn NE, Grand Rapids, MI 49505-5059 $225,000 Jul 2022 4,129 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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