Listed by NorthStar Commercial
$399,000
1358 Leonard St NW
Details
APN 411323126002
Property Type Industrial, Retail
Sub Type Flex, Restaurant
Square Footage 3,387
Net Rentable (SqFt) 2,800
Units 2
Occupancy 37%
Tenancy Multi
Lease Type NNN
Lease Term 5
Lease Expiration 05/31/2026
Price per SqFt $118
Broker Co-Op Yes
Class D
Year Built 1921
Year Renovated 2024
Buildings 2
Stories 1
Acreage 0.233
Zoning TN-TBA Traditional Business Area
Parking Spaces 8 spaces
Parking Per SqFt 2.36
Investment Type Owner/User
Tenant Credit No Credit Rating
Lease Commencement 06/01/2021
Ceiling Height 10-16
Sale Condition For sale by owner
Industrial | 3,387 SqFt
Marketing description
Introducing an exceptional investment opportunity in the heart of Grand Rapids, this property is a meticulously renovated 3,387 SF building boasting two units for versatile leasing options. Originally constructed in 1921 and meticulously renovated in 2024, it offers a unique blend of historic charm and modern amenities. Zoned TN-TBA, this prime location provides endless potential for retail or restaurant ventures. With a 37% occupancy, there is ample room for expansion and customization. Don't miss the chance to be a part of the thriving Grand Rapids market with this impressive property offering.
Investment highlights
3,387 SF building
Two units
Built in 1921
Renovated in 2024
Zoned TN-TBA
Prime Grand Rapids location
37% occupancy opportunity
Listing Contacts
Listed by NorthStar Commercial
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Zoning
LDR ResidentialSingle FamilyLow Density Residential
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 41 uses
View all 41 uses Last updated May 9, 2026 For deeper zoning details, reports are available at Zoneomics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
