Grand Rapids, MI Commercial Real Estate for Lease and Sale

Explore 176 listings of Grand Rapids commercial real estate to find the best space for your business.

St. James Catholic Church

745 Bridge St NW, West Grand, Grand Rapids, MI
Property

Office

29,741 SF
Year Built

1890
For Sale

$4,200,000
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1525 East Beltline Ave NE, Grand Rapids, MI 49525

1525 E Beltline Ave NE, Northeast Grand Rapids, Grand Rapids, MI
Property

Office

30,810 SF
Year Built

2001
For Sale

$4,699,000
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648 Bridge Street NW

648 Bridge St NW, S.W.A.N., Grand Rapids, MI
Property

Retail

16,824 SF
Year Built

1921
For Sale

$1,999,999
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Breton Meadows

4325 Breton Road SE, Millbrook, Grand Rapids, MI
Property

Retail

64,889 SF
Availability

3 Spaces

56,850 SF
Year Built

1994
For Lease

$12.00 - $14.50/SF/YR
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What type of listing property are you looking for?

Office Coworking Retail Industrial

Office Retail Industrial Land
Medical Office Space - For Lease

750 E Beltline Ave NE, Northeast Grand Rapids, Grand Rapids, MI
Property

Office
Availability

1 Space

8,379 SF
Year Built

1988
For Lease Contact for pricing
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77 Monroe Center St. NW

77 Monroe Center St. NW, Downtown Grand Rapids, Grand Rapids, MI
Property

Office

111,000 SF
Availability

1 Space

1,577 SF
Year Built

1926
For Lease

$18.75/SF/YR
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FULL GROSS Office Lease on East Beltline

1500-1550 E Beltline Ave SE, Ridgemoor, Grand Rapids, MI
Property

Office

46,788 SF
Availability

4 Spaces

5,968 SF
For Lease

$17.50 - $19.50/SF/YR
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632 Fulton St. W

632 Fulton St. W, S.W.A.N., Grand Rapids, MI
Property

Office

14,039 SF
Availability

1 Space

2,500 SF
For Lease

$14.85/SF/YR
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1425 Michigan Street NE

1425 Michigan St NE, Northeast Grand Rapids, Grand Rapids, MI
Property

Office

28,955 SF
Year Built

1971
For Sale

$4,350,000
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Gem on Diamond

959 Wealthy St SE, East Hills, Grand Rapids, MI
Property

Office

15,105 SF
Availability

1 Space

1,988 SF
Year Built

1926
For Lease

$25.00/SF/YR
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345 Fuller Ave. NE

345 Fuller Ave. NE, Midtown Grand Rapids, Grand Rapids, MI
Property

Office

5,476 SF
Availability

1 Space

870 SF
Year Built

1962
For Lease

$1,300.00/MO
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924 Cherry St SE

924 Cherry St SE, East Hills, Grand Rapids, MI
Property

Retail

1,400 SF
Availability

1 Space

1,400 SF
For Lease Contact for pricing
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Barley Flats

415 Bridge St. NW, S.W.A.N., Grand Rapids, MI
Property

Retail

94,556 SF
Availability

1 Space

1,335 SF
Year Built

2016
For Lease

$25.00/SF/YR
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850 Pannell St NW

850 Pannell St NW, West Grand, Grand Rapids, MI
Property

Industrial

96,266 SF
For Sale

$1,350,000
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2000 43rd St.

2000 43rd St., Millbrook, Grand Rapids, MI
Property

Office

2,701 SF
Availability

1 Space

2,701 SF
For Lease

$18.00/SF/YR
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Bridgewater Place - Suite 810

333 Bridge St NW, West Grand, Grand Rapids, MI
Property

Office
Availability

1 Space

4,335 SF
Year Built

1993
For Lease Contact for pricing
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2090 Celebration Drive NE

2090 Celebration Drive NE, Northeast Grand Rapids, Grand Rapids, MI
Property

Retail

54,430 SF
Availability

2 Spaces

17,090 SF
Year Built

2004
For Lease

$15.00 - $15.75/SF/YR
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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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Shops at Centerpoint

3665 28th Street, Ridgemoor, Grand Rapids, MI
Property

Retail

575,000 SF
Availability

3 Spaces

205,543 SF
For Lease Contact for pricing
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25 Ionia Avenue SW

25 Ionia Avenue SW, Downtown Grand Rapids, Grand Rapids, MI
Property

Office

24,910 SF
Availability

4 Spaces

11,654 SF
Year Built

1880
For Lease Contact for pricing
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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 6,066,442 square feet of office space across 102 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 1,757,010 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 2,154,555 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 1,517,718 square feet of available listings. Retail space available in Grand Rapids adds up to 533,764 square feet.

Meanwhile, most of the listings of commercial property for sale in Grand Rapids are in the Office 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 $19.36 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. What’s more, each commercial property type makes its own rent market: while the average rent for office space rested at $22.56 per square foot, industrial space in Grand Rapids saw average rents of $6.37 per square foot.

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 Downtown Grand Rapids submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Millbrook.

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 $25.3 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 63,193 square feet.
Retail properties here incorporate an average of 40,861 square feet.
Industrial space in Grand Rapids is in buildings that are, on average 134,660 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 2,372,535 square feet. The market offers 88 active office listing(s), which amount to 1,540,110 square feet and account for 67% of commercial spaces on the market. Local retail availability includes 527,948 square feet across 33 retail space(s). Industrial space for rent opportunities in Grand Rapids amount to 304,477 square feet across a total of 9 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	88	1,540,110
Retail	33	527,948
Industrial	9	304,477

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 864,631 square feet of commercial property for sale here , which includes 16 office building(s) for sale , 14 retail investment opportunity listing(s) , and 8 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	16	385,389
Retail	14	109,642
Industrial	8	364,584
Other	1	5,016

Grand Rapids, MI Commercial Real Estate for Lease and Sale

St. James Catholic Church

1525 East Beltline Ave NE, Grand Rapids, MI 49525

648 Bridge Street NW

Breton Meadows

Medical Office Space - For Lease

77 Monroe Center St. NW

FULL GROSS Office Lease on East Beltline

632 Fulton St. W

1425 Michigan Street NE

Gem on Diamond

345 Fuller Ave. NE

924 Cherry St SE

Barley Flats

850 Pannell St NW

2000 43rd St.

Bridgewater Place - Suite 810

2090 Celebration Drive NE

405 Leonard St. NW

Shops at Centerpoint

25 Ionia Avenue SW

Frequently Asked Questions

Grand Rapids, MI Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Grand Rapids, MI Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Grand Rapids, MI?

What factors affect the price of commercial real estate in Grand Rapids, MI?

What is the average rent for commercial space in Grand Rapids, MI?

What are the best areas for commercial real estate in Grand Rapids, MI?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Grand Rapids, MI?

Grand Rapids, MI Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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About us