1621 Leonard StGrand Rapids, MI 49505

  • Commercial real estate
  • 24,000 SF
For Lease
$12/SF/YR View listing

Property Details for 1621 Leonard St

Year built
1987
Lot size
2.26 AC
Property size (Sq ft)
24,000 SF
Zone code
MCN-C
Property type
Commercial real estate
APN
41-14-16-352-015
APU
411416352015

Description

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. Ample parking is available with 25 spaces for customers and employees. The Beckwith Center benefits from its location on the Leonard Street Corridor, a thriving commercial area in Kent County, Michigan, with a zip code of 49505. This established center offers a chance to capitalize on a strong retail market in a desirable location. The property's existing infrastructure and recent renovations provide a solid foundation for immediate occupancy and potential for long-term growth. The available space is ideal for businesses seeking a high-visibility location with convenient access and ample parking. This is an excellent opportunity to establish or expand a retail presence in a vibrant Grand Rapids neighborhood.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $5,017,341
    Hospitality
    $4,595,858
    Educational
    $3,823,699
    Medical
    $3,955,202
    Retail
    $5,947,977
1621 Leonard St, Grand Rapids, Michigan

Location Insight

City
Grand Rapids
County
Kent
State
Michigan
Latitude
42.9848
Longitude
-85.6283
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
$50,098
-
-
$960,800
-
-
-
$1,921,600

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