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1533 Wealthy St SE 2,849 SF of Retail Space Available in Grand Rapids, MI 49506
Highlights
- Heavy Foot Traffic
- Hardwood Flooring
- Natural Lighting
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste Unit 1 | 2,849 SF | 5 Years | $25.00 /SF/YR $2.08 /SF/MO $71,225 /YR $5,935 /MO | Triple Net (NNN) |
1st Floor, Ste Unit 1
For Lease: 2,849 square feet of retail space in the vibrant Eastown neighborhood of Grand Rapids. Positioned at the well known intersection of Lake Dr (10,783 VPD) and Wealthy St SE (6,891 VPD), this space benefits from high visibility and foot traffic. This historic brick storefront features an open floor plan with beautiful hardwood floors and a skylight, offering a bright and inviting atmosphere. With an asking rent of $25.00 per square foot plus NNN, it is ideally located at the heart of Eastown, with convenient access to both East Grand Rapids and Downtown, making it a perfect location for a wide range of retail or office uses.
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Hardwood Floors
- Display Window
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.
Select Tenants at 1533 Wealthy St SE, Grand Rapids, MI 49506
- Tenant
- Description
- US Locations
- Reach
- Beauty Supply Liquidation
- -
- 1
- -
- Cottage Inn Gourmet Pizza
- Pizza
- 72
- Regional
- Jimmy John's
- Sub Sandwich
- 3,211
- International
| Tenant | Description | US Locations | Reach |
| Beauty Supply Liquidation | - | 1 | - |
| Cottage Inn Gourmet Pizza | Pizza | 72 | Regional |
| Jimmy John's | Sub Sandwich | 3,211 | International |
Property Facts
| Total Space Available | 2,849 SF | Year Built/Renovated | 1930/2008 |
| Property Type | Retail | Parking Ratio | 8.01/1,000 SF |
| Property Subtype | Storefront | Cross Streets | Lake Drive and Wealthy Street |
| Gross Leasable Area | 3,123 SF |
| Total Space Available | 2,849 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 3,123 SF |
| Year Built/Renovated | 1930/2008 |
| Parking Ratio | 8.01/1,000 SF |
| Cross Streets | Lake Drive and Wealthy Street |
About the Property
For Lease: 2,849 square feet of retail space in the vibrant Eastown neighborhood of Grand Rapids. Positioned at the well known intersection of Lake Dr (10,783 VPD) and Wealthy St SE (6,891 VPD), this space benefits from high visibility and foot traffic. This historic brick storefront features an open floor plan with beautiful hardwood floors and a skylight, offering a bright and inviting atmosphere. With an asking rent of $25.00 per square foot plus NNN, it is ideally located at the heart of Eastown, with convenient access to both East Grand Rapids and Downtown, making it a perfect location for a wide range of retail or office uses.
- Bus Line
- Signage
- Signalized Intersection
Nearby Major Retailers
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1533 Wealthy St SE
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