Grand Rapids, MI Commercial Real Estate for Lease and Sale

Explore 137 listings of Grand Rapids commercial real estate for lease and for sale to find the best space for your business.

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2000 43rd Street

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

Office

16,525 SF
Year Built

1988
For Sale

$2,600,000
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435 28th St SE

435 28th St SE, Garfield Park, Grand Rapids, MI
Property

Other

3,192 SF
Year Built

1987
For Sale

$499,000
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736 Butterworth St SW

736 Butterworth Street Southwest, S.W.A.N., Grand Rapids, MI
Property

Retail

1,621 SF
Availability

1 Space

1,621 SF
Year Built

1920
For Lease

$20.35/SF/YR
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120 Ionia Ave SW

120 Ionia Ave SW, Downtown Grand Rapids, Grand Rapids, MI
Property

Office

40,000 SF
Availability

4 Spaces

24,020 SF
Year Built

1920
For Lease

$18.00/SF/YR
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The Boardwalk

1000 Monroe Avenue NW, Belknap Lookout, Grand Rapids, MI
Property

Office

123,408 SF
Availability

5 Spaces

60,810 SF
Year Built

2001
For Lease Contact for pricing
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1700 28th St SE, Grand Rapids, MI 49508

1700 28th Street Southeast, Millbrook, Grand Rapids, MI
Property

Office

130,000 SF
For Sale

$7,350,000
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1553 Alpine Ave NW

1553 Alpine Ave NW, West Grand, Grand Rapids, MI
Property

Office

2,088 SF
Year Built

1970
For Sale

$699,000
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25 Ottawa

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

Office

81,041 SF
Availability

1 Space

16,485 SF
Year Built

1997
For Lease

$25.00/SF/YR
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430 Monroe

430 Monroe Avenue NW, Belknap Lookout, Grand Rapids, MI
Property

Office

126,279 SF
Availability

6 Spaces

61,359 SF
Year Built

2022
For Lease

$27.00/SF/YR
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900 Leonard St. NW

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

Retail

50,000 SF
Availability

1 Space

1,540 SF
Year Built

2023
For Lease

$19.00/SF/YR
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Bridge Pointe Office Park - 3949 Sparks Drive SE

3949 Sparks Drive SE, Ridgemoor, Grand Rapids, MI
Property

Office

31,486 SF
Availability

2 Spaces

6,311 SF
Year Built

1976
For Lease

$18.95/SF/YR
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Cookies - Cannabis Retail & Manufacturing Processing Facility

330 Ann St W, West Grand, Grand Rapids, MI
Property

Retail

22,509 SF
For Sale

$4,500,000
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Indiana Ave NW

Indiana Ave NW, S.W.A.N., Grand Rapids, MI
Property

Industrial
Year Built

1870
For Sale

$480,000
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Arena Place

45 Ottawa Avenue SW, Downtown Grand Rapids, Grand Rapids, MI
Property

Office

111,423 SF
Availability

2 Spaces

15,057 SF
Year Built

2016
For Lease

$24.50 - $26.50/SF/YR
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Taco Borracho

755 Michigan Street Northeast, Midtown Grand Rapids, Grand Rapids, MI
Property

Retail

2,885 SF
Year Built

2013
For Sale

$1,600,000
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Plainfield Plaza

3150 Plainfield Avenue Northeast, Creston, Grand Rapids, MI
Property

Office

68,580 SF
Availability

2 Spaces

3,500 SF
For Lease

$12.00/SF/YR
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85 Campau Ave NW

85 Campau Ave NW, Downtown Grand Rapids, Grand Rapids, MI
Property

Office

33,060 SF
Availability

2 Spaces

7,350 SF
Year Built

1902
For Lease

$22.95/SF/YR
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1170 Plymouth Ave NE

1170 Plymouth Ave NE, Northeast Grand Rapids, Grand Rapids, MI
Property

Office

11,482 SF
Availability

3 Spaces

8,043 SF
Year Built

2022
For Lease

$16.00/SF/YR
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Calder Plaza Building

250 Monroe Avenue NW, Belknap Lookout, Grand Rapids, MI
Property

Office

171,000 SF
Availability

4 Spaces

54,016 SF
Year Built

1982
For Lease

$26.50/SF/YR
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The Weyhill Building

2025 East Beltline Avenue SE, Ridgemoor, Grand Rapids, MI
Property

Office

80,000 SF
Availability

2 Spaces

8,175 SF
Year Built

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

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

Retail

6,980 SF
Availability

3 Spaces

8,390 SF
For Lease

$25.00/SF/YR
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487 28th St SE

487 28th St SE, Garfield Park, Grand Rapids, MI
Property

Retail

1,632 SF
Year Built

1965
For Sale

$895,000
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401 Hall St SW, Grand Rapids MI 49504

401 HALL ST SW, Roosevelt Park, Grand Rapids, MI
Property

Office

165,000 SF
Availability

11 Spaces

22,978 SF
Year Built

1930
For Lease

$12.00 - $24.32/SF/YR
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116 (120) Ottawa Ave NW, Grand Rapids, MI 49503

116 (120) Ottawa Ave NW, Downtown Grand Rapids, Grand Rapids, MI
Property

Office

41,065 SF
Availability

3 Spaces

11,446 SF
Year Built

1914
For Lease

$22.00/SF/YR
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131 Division Ave S

131 Division Ave S, Downtown Grand Rapids, Grand Rapids, MI
Property

Office

8,640 SF
Availability

1 Space

1,920 SF
Year Built

1900
For Lease

$12.00/SF/YR
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Aldrich Place

80 Ottawa Avenue NW, Downtown Grand Rapids, Grand Rapids, MI
Property

Office

45,000 SF
Availability

6 Spaces

4,730 SF
Year Built

1874
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 5,265,324 square feet of office space across 88 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 1,398,970 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 1,816,985 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 1,213,704 square feet of available listings. Retail space available in Grand Rapids adds up to 392,965 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 $19.82 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 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 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 65,004 square feet.
Retail properties here incorporate an average of 46,633 square feet.
Industrial space in Grand Rapids is in buildings that are, on average 259,570 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 1,647,013 square feet. The market offers 70 active office listing(s), which amount to 1,213,704 square feet and account for 72% of commercial spaces on the market. Local retail availability includes 392,965 square feet across 24 retail space(s). Industrial space for rent opportunities in Grand Rapids amount to 40,344 square feet across a total of 2 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	70	1,213,704
Retail	24	392,965
Industrial	2	40,344

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 909,286 square feet of commercial property for sale here , which includes 17 office building(s) for sale , 12 retail investment opportunity listing(s) , and 5 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	17	488,879
Retail	12	110,961
Industrial	5	269,889
Other	5	39,557

Grand Rapids, MI Commercial Real Estate for Lease and Sale

2000 43rd Street

435 28th St SE

736 Butterworth St SW

120 Ionia Ave SW

The Boardwalk

1700 28th St SE, Grand Rapids, MI 49508

1553 Alpine Ave NW

25 Ottawa

430 Monroe

900 Leonard St. NW

Bridge Pointe Office Park - 3949 Sparks Drive SE

Cookies - Cannabis Retail & Manufacturing Processing Facility

Indiana Ave NW

Arena Place

Taco Borracho

Plainfield Plaza

85 Campau Ave NW

1170 Plymouth Ave NE

Calder Plaza Building

The Weyhill Building

40 Monroe Center St. NW

487 28th St SE

401 Hall St SW, Grand Rapids MI 49504

116 (120) Ottawa Ave NW, Grand Rapids, MI 49503

131 Division Ave S

Aldrich Place

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

Other Popular Searches

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About us