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200 S Division Ave 15,637 SF of Office/Retail Space Available in Grand Rapids, MI 49503
HIGHLIGHTS
- High traffic corner for main floor retail, office or hospitality.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- CEILING
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor | 15,637 SF | 12’2” | Negotiable | $9.77 CAD/SF/YR $0.81 CAD/SF/MO $152,796 CAD/YR $12,733 CAD/MO | Triple Net (NNN) |
1st Floor
Open floor plan with a blank slate to create your vision. Zoned Traditional Neighborhood City Center (TN-CC) for a multitude of uses. This property has great signage with over 200 feet of street frontage on a high-traffic corner in downtown Grand Rapids with new boulevard streets and daily vehicle traffic of 5,518. New floor-to-ceiling storefront glass and operable glass garage doors to bring the outdoors in. Brick exterior, solid concrete floors, and high ceilings. Recent interior updates to plumbing, electrical, and fire protection. Lower level has an additional 7,058 square feet included at no additional cost with a potential for 15 interior heated parking spaces. Only a 3 minute walk to Ionia Entertainment District, 2 minute walk to the Cherry/Commerce parking ramp, 0.2 miles to US-131 on ramp and 450 feet to The Rapid bus line.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Mostly Open Floor Plan Layout
- Finished Ceilings: 12’2”
- Central Heating System
- Private Restrooms
- Corner Space
- High Ceilings
- Secure Storage
- Natural Light
- Shower Facilities
- Basement
- Open-Plan
- Wheelchair Accessible
- Downtown Grand Rapids City Center
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SITE PLAN
PROPERTY FACTS
| Total Space Available | 15,637 SF | Gross Leasable Area | 15,637 SF |
| Property Type | Retail | Year Built | 1929 |
| Property Subtype | Storefront Retail/Office | Cross Streets | Division Ave. and Wealthy Street |
| Total Space Available | 15,637 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 15,637 SF |
| Year Built | 1929 |
| Cross Streets | Division Ave. and Wealthy Street |
ABOUT THE PROPERTY
Open floor plan with a blank slate to create your vision. Zoned Traditional Neighborhood City Center (TN-CC) for a multitude of uses. This property has great signage with over 200 feet of street frontage on a high-traffic corner in downtown Grand Rapids with new boulevard streets and daily vehicle traffic of 5,518. New floor-to-ceiling storefront glass and operable glass garage doors to bring the outdoors in. Brick exterior, solid concrete floors, and high ceilings. Recent interior updates to plumbing, electrical, and fire protection. Lower level has an additional 7,058 square feet included at no additional cost with a potential for 15 interior heated parking spaces. Only a 3 minute walk to Ionia Entertainment District, 2 minute walk to the Cherry/Commerce parking ramp, 0.2 miles to US-131 on ramp and 450 feet to The Rapid bus line.
- Corner Lot
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Storage Space
NEARBY MAJOR RETAILERS
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200 S Division Ave
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