Retail

Grand Rapids, MI Retail Space for Sale

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Five-Suite Retail Property
Updated: Sep 22
Five-Suite Retail Property

1809 Plainfield Avenue NE, Grand Rapids, MI 49503

$650,000
5,000 sqft 0.10 AC lot
Approximately 5,000 square feet of rentable commercial space
Five‑suite configuration with the entire building currently leased
Restaurant suite includes commercial hood, fire‑suppression system, grease trap, and kitchen
Recently renovated basement offices
Located along Plainfield Avenue near restaurants, retailers, residential neighborhoods, and public transportation
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Divisible Retail Building
Updated: Oct 10
Divisible Retail Building

311 28th Street SE, Grand Rapids, MI 49548

$700,000
3,610 sqft 0.37 AC lot
3,610 SF retail property on 0.37 acres
Renovated in late 2017 with white‑box interior and exterior improvements
Configurable as two or three units, with spaces as small as 1,300 SF
Frontage on 28th Street SE, across from Kellogg’s production campus
Overhead door at the building’s west end
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Multi-Tenant Storefront Property
Multi-Tenant Storefront Property

2611 Alpine Avenue NW, Grand Rapids, MI 49544

$1,250,000
5,884 sqft 0.59 AC lot

C-4 zoning supports retail, personal service, medical, and office configurations.

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See hot listings in Grand Rapids

Scored against comparables nationwide. These are worth a look.

Scored against comparables nationwide. These are worth a look.

Cap Rate available after sign in
Est. NOI available after sign in
Local Demand available after sign in
Multi-Tenant Storefront Property
Multi-Tenant Storefront Property

2611 Alpine Ave NW, Grand Rapids, MI 49544

$1,250,000
5,884 sqft 0.59 AC lot

C-4-zoned retail building with separate storefront suites, customer restrooms, utility divisions, and Alpine Avenue exposure.

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Storefront Property with On-Site Parking
Storefront Property with On-Site Parking

551 Michigan Street NE, Grand Rapids, MI 49503

$900,000
2,070 sqft 0.17 AC lot

The 1923 building offers commercial space along Michigan Street in Grand Rapids.

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Two-Building Flex Property
Two-Building Flex Property

3614-3620 Division Avenue S, Grand Rapids, MI 49548

$899,900
12,183 sqft 0.50 AC lot

Retail, office, and warehouse areas combine with central air, metal roofing, and natural gas availability.

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Historic Mixed-Use Building
Historic Mixed-Use Building

1007 Wealthy Street SE, Grand Rapids, MI 49506

$475,000
3,600 sqft 0.09 AC lot

Approved plans combine residential units with flexible main-floor commercial space and two restrooms.

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Mixed-Use Property with Office Building
Mixed-Use Property with Office Building

4922 Division Ave S, Grand Rapids, MI 49548

$710,000
8,175 sqft

Three-building commercial site combines multi-suite office space, an industrial building, a garage, and a leased residence.

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Multi-Tenant Storefront Property
Multi-Tenant Storefront Property

4342 Division Avenue S, Grand Rapids, MI 49548

$450,000
5,408 sqft 0.17 AC lot

Two occupied commercial suites operate under a gross modified lease structure, with tenants responsible for utilities.

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Historic Mixed-Use Building
Historic Mixed-Use Building

111 Division Avenue S, Grand Rapids, MI 49503

$2,790,000
47,647 sqft 0.40 AC lot

Four-level brick and stone property with adaptable commercial space, finished basement areas, and distinctive interior architectural details.

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Retail Space with Overhead Door
Retail Space with Overhead Door

311 28th St SE, Grand Rapids, MI 49548

$700,000
3,600 sqft

The interior can be arranged as two or three suites for a range of commercial layouts.

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Storefront Property with Highway Access
Storefront Property with Highway Access

411 Leonard St NW, Grand Rapids, MI 49504

$599,000
2,040 sqft

A commercial storefront on Leonard Street near the US-131 exit, with adjacent Brann’s Steak House.

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Retail Building with Drive-Through
Retail Building with Drive-Through

6455 Division Avenue South, Grand Rapids, MI 49548

$910,000
3,911 sqft

Renovated retail building with drive-through service, General Business District zoning, and access near established commercial operators.

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Historic Retail Condo with Mezzanine
Historic Retail Condo with Mezzanine

74 Monroe Center St NW, Grand Rapids, MI 49503

$589,000
6,838 sqft

Historic retail condo with vaulted high ceilings, a bonus mezzanine, and a lower level bank vault.

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Multi-Tenant Retail Storefront
Multi-Tenant Retail Storefront

4342 Division Ave S, Grand Rapids, MI 49548

$450,000
5,408 sqft

Two occupied commercial units feature modified gross leases with tenants responsible for utilities.

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Auto Shop with Commercial Signage
Auto Shop with Commercial Signage

2518 Alpine Ave NW, Grand Rapids, MI 49544

$850,000
7,892 sqft

C-3-zoned property with access and signage along Alpine Avenue NW, across from Meijer and near established retail operators.

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Bank Building on Commercial Parcel
Bank Building on Commercial Parcel

2145 Wealthy Street Southeast, Grand Rapids, MI 49506

$800,000
384 sqft 0.23 AC lot

Former bank property with C-1 zoning and deed restrictions affecting future banking and drive-thru restaurant use.

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C-2 Commercial Land Assemblage
C-2 Commercial Land Assemblage

14345 Ironwood Dr NW, Grand Rapids, MI 49544

$4,990,000
14,430 sqft

Eight contiguous parcels combine existing improvements with commercial, office, retail, service, and mixed-use planning options.

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Renovated Mixed-Use Building
Renovated Mixed-Use Building

2400 Eastern Ave SE, Grand Rapids, MI 49507

$925,000
4,637 sqft

Fully occupied property combining main-floor retail, patio space, and upper-level professional offices.

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Corner Storefront Building
Corner Storefront Building

757 Burton St SE, Grand Rapids, MI 49507

$225,000
1,624 sqft

Standalone commercial building with on-site parking and zoning designated TN - TBA.

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Leased Retail Building
Leased Retail Building

4233 Kalamazoo Ave SE, Grand Rapids, MI 49508

$1,364,000
8,640 sqft

Fully leased retail building occupied by Family Dollar under an extended lease term with renewal options.

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Multi-Tenant Retail Center
Multi-Tenant Retail Center

3674 Plainfield Avenue Northeast, Grand Rapids, MI 49525

Contact for pricing
5,346 sqft

Three retail businesses occupy the property, providing a multi-tenant configuration along Plainfield Avenue.

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Two-Story Brick Flex Building
Two-Story Brick Flex Building

1103 Division Ave S, Grand Rapids, MI 49507

$50,000
12,708 sqft

Corner commercial property with adaptable space for retail, office, warehouse, light industrial, or redevelopment use.

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Two-Unit Mixed-Use Property
Two-Unit Mixed-Use Property

2535 5 MILE RD NE, Grand Rapids, MI 49525

Contact for pricing
2,240 sqft

Flexible commercial building with one leased unit, one available unit, parking, and an auxiliary storage garage.

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Grand Rapids, MI Retail Space Market Trends and Statistics

Explore 72 retail space for sale in Grand Rapids, MI, showcased through 35 active listings on our real estate platform. These investment opportunities span a total of 280,221 square feet of properties for sale, with an estimated market value of $30,904,900.

Sale prices for retail space in Grand Rapids, MI start at $50,000, averaging $1,065,686, and reaching up to $4,990,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Storefront properties 65
Automotive properties 17
Shopping centers 17
Auto shops 13
Banks 7

Demographics Overview

Population 434K
Population Growth (5Y) +2.4%
Median Household Income $74,271
College Educated 24.5%

High-Yield Neighborhoods for Investment

Identify Grand Rapids submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
49507 $300K
49506 $637.5K
49548 $858.3K
49504 $991.6K
49503 $1.2M

Taxes & Financing

Tax Rate (average for all types) 3.15%
Property Tax per SF $44.85 per SF
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Kent County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Kent County

Retail

Office

Residential Income

Property Size Breakdown

The majority of commercial real estate listings in Grand Rapids fall within the 2,500 to 5,000 square foot range.

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