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1623-1635 Chicago Dr SW 5,080 - 22,808 SF of Industrial Space Available in Grand Rapids, MI 49519
HIGHLIGHTS
- VERSATILE RETAIL SHOWROOM / WAREHOUSE BUILDING
SPACE AVAILABILITY (3)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor - B | 5,080 SF | Negotiable | $7.45 /SF/YR $0.62 /SF/MO $37,846 /YR $3,154 /MO | Triple Net (NNN) | ||
| 1st Floor - C | 7,440 SF | Negotiable | $4.45 /SF/YR $0.37 /SF/MO $33,108 /YR $2,759 /MO | Triple Net (NNN) | ||
| 1st Floor - D | 10,288 SF | Negotiable | $1.25 /SF/YR $0.10 /SF/MO $12,860 /YR $1,072 /MO | Triple Net (NNN) |
1st Floor - B
Available for Sublease
- Lease rate does not include utilities, property expenses or building services
- Space is in Excellent Condition
1st Floor - C
Available for Sublease
- Lease rate does not include utilities, property expenses or building services
- Space is in Excellent Condition
1st Floor - D
Available for Sublease
- Lease rate does not include utilities, property expenses or building services
- Space is in Excellent Condition
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.
PROPERTY FACTS
| Total Space Available | 22,808 SF | Gross Leasable Area | 23,708 SF |
| Property Type | Retail | Year Built | 1945 |
| Property Subtype | Freestanding | Parking Ratio | 0.63/1,000 SF |
| Total Space Available | 22,808 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 23,708 SF |
| Year Built | 1945 |
| Parking Ratio | 0.63/1,000 SF |
ABOUT THE PROPERTY
VERSATILE RETAIL SHOWROOM / WAREHOUSE BUILDING BOASTING OF OVER 22,800 sq. ft.! This building has great visibility on Chicago Drive and has just been updated including a sharp exterior with large pylon sign. The building has many different areas to it and they are all connected for ease of use (see layout, pictures and description): "Retail Showroom": Two separate entrances allows you to walk into this renovated area with wood recessed ceiling, concrete and tile flooring and 9'-12' ceiling height. There is an open showroom with desk and kitchenette, restroom and office. (Connects to the "Retail Warehouse", "Shipping Area" and "Lower Level Storage") "Retail Warehouse": This area has painting ceilings, commercial carpet, nice bright lighting and 11' clear ceiling height. There is a large warehouse/storage area that also has a conference room and two restrooms. (Connects to the "Retail Showroom" and "Shipping Area") 'Shipping Area": This area has access to the loading dock and the cross dock (from the "Primary Warehouse"). There are ramps with extra width to both the "Retail Showroom" and "Retail Warehouse" to get shipments/pallets through. There are also ample areas for storage and shipping management. "Primary Warehouse": This area features a large 12'x12' overhead door. It has close to 16' ceiling height and separated areas for warehouse storage some of which have a mezzanine area. This leads to the back storage area that has a ramp down to the "Lower Level Storage". "Lower Level Storage": This area is split into 3 different storage areas with access points along each wall, 7' ceiling height and access to the Storage Area/"Primary Warehouse" and "Retail Showroom". This is a great building with many different features and a must see. This is a sublease offering.
- Pylon Sign
- Signage
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1623-1635 Chicago Dr SW
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