Retail or Office For Lease

Office for Lease
Also listed as Retail-Commercial
Catylist Listing ID: 30441956
Property Subtypes: Mixed Use, General
Contiguous Space: 6,187 SF
Building Size (RSF): 200,000 SF
Gross Land Area: 1.93 Acres
Lease Rate: $26.95 PSF (Annual)
Base Monthly Rent: $13,894
Lease Types: Modified Gross
Ceiling: 26 ft.
In Opportunity Zone? Yes
Building Name: 234 Market
Class of Space: Class A
Last Updated: 12/5/2019

Overview / Comments

This new mixed use development is located on Market Ave SW, just South of the core Central Business District. This area is slated for redevelopment. The total project consists of approximately 200,000 SF of residential and commercial space as well as a 305 space parking deck. There are 234 residential units on the upper floors and approximately 32,568 SF of retail/office space on the first floor.
The commercial space has floor to ceiling windows with 26 Ft ceilings. The ceiling height allows for a second floor mezzanine to be added to any space. The space to the North ideally would be used as a restaurant with outdoor seating. The balance of the space could be office or various retail uses. The space can be divided and offers on-site parking.

Expand All Available Space

Suite: 2 6,187 SF $26.95 PSF (Annual) Modified Gross
Space Available: 6,187 SF
Lease Rate: $26.95 PSF (Annual)
$13,894 (Monthly)
Lease Type: Modified Gross
Date Available: 6/11/2019
Space Type: New

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: Central Business District
Taxing Authority: City of Grand Rapids
Tax ID/APN: 41-13-25-456-009
Zoning: TN-CC
Property Visibility: Excellent
Highway Access: US 131
Area Description: DIRECTIONS: US-131 TO MARKET AVE EXIT, R ON MARKET AVE TO SITE.
Total Number of Buildings: 1
Number of Stories: 6
Year Built: 2018
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Structure
Parking Description: Covered parking available on-site at a cost of $125/month/space
Total Parking Spaces: 215
Passenger Elevators: 2
Sprinklers: Wet
Heat Type: Natural Gas
Air Conditioning: Engineered System

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,307 157,492 292,954
Median Age: 27.36 30.87 33.73
Households: 7,489 58,873 113,133
The information presented herein is provided as is, without warranty of any kind. Neither Commercial Alliance of REALTORS West Michigan nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.