Grand Rapids, MI Commercial Real Estate for Lease and Sale

Explore 115 listings of Grand Rapids commercial real estate to find the best space for your business.

405 Leonard St. NW

405 Leonard St. NW, West Grand, Grand Rapids, MI
Property

Office

1,849 SF
Availability

1 Space

1,849 SF
Year Built

1900
For Lease

$25.00/SF/YR
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Breton Village

1830 Breton Road SE, Ridgemoor, Grand Rapids, MI
Property

Retail

224,087 SF
Availability

2 Spaces

8,049 SF
Year Built

1958
For Lease Contact for pricing
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Breton South Village

2500 Burton Street SE, Ridgemoor, Grand Rapids, MI
Property

Retail

65,646 SF
Availability

1 Space

5,938 SF
Year Built

2015
For Lease Contact for pricing
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1119 Burton Street Southeast
The Space
1119 Burton Street Southeast #100 & 400, Grand Rapids, MI
Amenities

Complimentary coffee & tea

Free water

High-speed internet

Library

Office supplies

Parking

Printer

Professional & social events
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302 Straight Ave SW

302 Straight Ave SW, S.W.A.N., Grand Rapids, MI
Property

VacantLand

5,016 SF
For Sale

$1,400,000
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560 5th Street NW

560 5th Street NW, West Grand, Grand Rapids, MI
Property

Industrial

121,501 SF
Availability

2 Spaces

31,552 SF
Year Built

1877
For Lease

$5.80 - $18.50/SF/YR
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25 Ionia Avenue Southwest
CWD Real Estate Investment
25 Ionia Avenue Southwest, Grand Rapids, MI
Services

Meeting Room
Amenities

Parking
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Sherwin Williams

440 Cesar E Chavez Ave SW, Roosevelt Park, Grand Rapids, MI
Property

Retail

11,926 SF
Year Built

2000
For Sale

$4,011,472
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14 Weston St SE

14 Weston St SE, Downtown Grand Rapids, Grand Rapids, MI
Property

Retail

4,870 SF
Year Built

1890
For Sale

$799,000
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Former Discount Tire

1669 44th Street, Millbrook, Kentwood, MI
Property

Retail

6,840 SF
Availability

1 Space

6,840 SF
For Lease Contact for pricing
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Exhibitors Building

220 Lyon St NW, Downtown Grand Rapids, Grand Rapids, MI
Property

Office

6,000 SF
Availability

1 Space

1,328 SF
For Lease

$22.00/SF/YR
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.
- Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Grand Rapids commercial real estate market incorporates 4,730,371 square feet of office space across 66 buildings.
  
  Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis. In Grand Rapids, the coworking segment of the commercial real estate market incorporates about 940 square feet.
- Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Grand Rapids commercial real estate market includes 1,199,209 square feet of retail space in a variety of settings.
- Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Grand Rapids market, there is a total of 346,578 square feet of industrial property.
The listing inventory in Grand Rapids incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Grand Rapids is represented by Office space, which accounts for 1,253,392 square feet of available listings. Retail space available in Grand Rapids adds up to 281,823 square feet.

Meanwhile, most of the listings of commercial property for sale in Grand Rapids are in the Retail category.
The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.
The average rent for commercial real estate space listed for lease in Grand Rapids is $19.06 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Grand Rapids can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.
Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Grand Rapids, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Grand Rapids is in the Downtown Grand Rapids neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Downtown Grand Rapids area.

Meanwhile, retail space opportunities are most abundant in the West Grand submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in West Grand.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.
Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!
The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $26.5 per square foot. In particular, the property type commanding the highest lease rates in Grand Rapids was Office space.

Conversely, the highest sale price last year was $6,375,000 that is located at 116 Ottawa Avenue NW.
The average size of a commercial property in Grand Rapids depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:
- In Grand Rapids, the average size of an office property is 78,840 square feet.
- Retail properties here incorporate an average of 37,476 square feet.
- Industrial space in Grand Rapids is in buildings that are, on average 115,526 square feet in size.

Grand Rapids, MI Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Grand Rapids currently add up to 1,566,767 square feet. The market offers 58 active office listing(s), which amount to 1,253,392 square feet and account for 69% of commercial spaces on the market. Local retail availability includes 281,823 square feet across 24 retail space(s). Industrial space for rent opportunities in Grand Rapids amount to 31,552 square feet across a total of 1 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	58	1,253,392
Retail	24	281,823
Industrial	1	31,552

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Grand Rapids, MI. Currently, there is 1,184,172 square feet of commercial property for sale here , which includes 8 office building(s) for sale , 11 retail investment opportunity listing(s) , and 2 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	8	274,446
Retail	11	94,779
Industrial	2	225,077
Other	2	589,870

About us

CommercialCafe is your go-to commercial real estate listing source. We partner with highly respected major brokerages from across the country to ensure high-quality listings that are updated frequently. Our online marketplace lists all commercial property types from office, coworking, retail, and industrial to special purpose properties.

CommercialCafe is a trusted Yardi brand and is an integral part of the CommercialEdge network — the fastest-growing network of online real estate marketplaces, which ranks on the 1st page of Google for all top markets, attracts more than 2 million monthly visits, and generates more than 350,000 broker contacts.

Grand Rapids, MI Commercial Real Estate for Lease and Sale

405 Leonard St. NW

Breton Village

Breton South Village

1119 Burton Street Southeast

302 Straight Ave SW

560 5th Street NW

25 Ionia Avenue Southwest

Sherwin Williams

14 Weston St SE

Former Discount Tire

Exhibitors Building

Frequently Asked Questions

Grand Rapids, MI Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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