740 Michigan StGrand Rapids, MI 49503

  • Commercial real estate
  • 93,307 SF
For Lease
$27/SF/YR View listing

Property Details for 740 Michigan St

Year built
2015
Lot size
0.68 AC
Property size (Sq ft)
93,307 SF
Zone code
TN-TBA
Property type
Commercial real estate
APN
41-14-30-228-029
APU
411430228029

Description

This exceptional mixed-use retail property, located at 740 Michigan Street NE in Grand Rapids, Michigan, offers two available suites ideal for a variety of businesses. Situated on the thriving Medical Mile corridor, this prime location benefits from high visibility and significant foot traffic. One suite encompasses 1,325 square feet, while the second offers a generous 2,250 square feet, complete with a mezzanine level, providing ample space for operations and storage. The property is part of the Lofts on Michigan complex, sharing its address with established and successful businesses, including 7 Monks Taproom, Taco Borracho, Friesian Gastro Pub, Birch Lodge, Tropical Smoothie, and Walgreens. This diverse tenant mix creates a vibrant and attractive environment for potential occupants. The property is located in Kent County, Michigan, with a zip code of 49503. The building's address is 740 Michigan St NE, Grand Rapids, MI. This is a multi-tenant property offering a unique opportunity to establish a presence in a high-demand area with strong existing businesses. The property type is retail, with a mixed-use designation. The available spaces present a compelling opportunity for businesses seeking a prominent location within a well-established and growing commercial district. The property's coordinates are latitude 42.9697448 and longitude -85.6498293.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $19,506,376
    Hospitality
    $17,867,736
    Educational
    $14,865,747
    Medical
    $15,377,002
    Retail
    $23,124,494
740 Michigan St, Grand Rapids, Michigan

Location Insight

City
Grand Rapids
County
Kent
State
Michigan
Latitude
42.9698
Longitude
-85.6502
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
$39,663
-
-
$854,400
-
-
-
$1,708,800

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