740 Michigan StGrand Rapids, MI 49503
- Commercial real estate
- 93,307 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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