616 Fulton W St Grand Rapids, MI 49504-6328
- Commercial real estate
- 122,570 SF
- 1.17 lot acres
Mar 11, 2025
Current Use by Public Records
- Fulton Place / Apartment Complex
- VS America / Production Facility / Factory
- Valo Media | Video Production & Creative / Film Production / Television Studio
- Midnight Express Cafe / Cafe & Coffee Shop
- Shift Coffee + Culture / Cafe & Coffee Shop
Property Details for 616 Fulton W St
- Year built
- 2015
- Lot size
- 1.17 lot acres
- Property size
- 122,570 SF
- Zone code
- TN-TCC
- Property type
- Commercial real estate
- APN
- 41-13-25-304-036
- APU
- 411325304036
Description
Fulton Place presents a prime retail investment opportunity in Grand Rapids, Kent County. This high-quality, mixed-use building boasts 17,194 square feet of space, offering multiple tenancy options. Two spaces are currently available, ranging from a minimum of 1,307 square feet to a maximum contiguous space of 5,914 square feet. A significant 7,221 square feet is currently vacant, providing flexibility for various business needs. The building features attractive storefront windows and ample exterior signage opportunities, maximizing visibility and brand exposure. Its strategic location directly across from Grand Valley State University ensures high foot traffic and a vibrant customer base. The building is a new construction with 109 residential units located above and adjacent to the retail spaces, creating a built-in customer base and a thriving community atmosphere. The estimated 2024 common area maintenance (CAM) charge is $6.35 per square foot. This is a mid-rise building offering a unique blend of retail and residential space, making it an ideal location for businesses seeking high visibility and a strong local presence in a rapidly growing area. The property's mixed-use nature provides a synergistic environment, fostering a lively and dynamic atmosphere. This is an exceptional opportunity to establish a thriving business in a desirable and well-connected location.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $11,977,000
- AI Estimate
- $11,977,000
Market price range: $4.55M - $13.7MMarket price range: $4.55M - $13.7M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $9,195,000 Current use
- RETAIL STORES
- $9,960,000 Change: +8% Conversion: Easy
- OFFICE BUILDING
- $9,395,000 Change: +2% Conversion: Easy
- AUTO REPAIR, GARAGE
- $7,595,000 Change: -17% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Grand Rapids
- County
- Kent
- State
- Michigan
- Longitude
- -85.6833
- Latitude
- 42.963
- CBSA code
- 24340
- CBSA name
- GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA