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1038-1040 Leonard St NW
1,025 - 5,466 SF of Space Available in Grand Rapids, MI 49504
Space Availability (3)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor, Ste 1 | 2,172 SF | Negotiable | £7.19 /SF/PA £0.60 /SF/MO £77.37 /m²/PA £6.45 /m²/MO £15,612 /PA £1,301 /MO | Triple Net | ||
| 1st Floor, Ste 2 | 1,025 SF | Negotiable | £15.78 /SF/PA £1.31 /SF/MO £169.85 /m²/PA £14.15 /m²/MO £16,174 /PA £1,348 /MO | Triple Net | ||
| 1st Floor, Ste 3 | 2,269 SF | Negotiable | £8.68 /SF/PA £0.72 /SF/MO £93.42 /m²/PA £7.78 /m²/MO £19,693 /PA £1,641 /MO | Triple Net |
1st Floor, Ste 1
Suite on front of building, lots of visibility. Plumbed with water and drains in the middle of floor already - perfect for a salon or other uses.
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Central Air Conditioning
1st Floor, Ste 2
Great 1,000 square foot space for a various of uses - retail, food service, retail. Brand new white box space with new plumbing, new electrical, and new HVAC just installed. Contact Broker.
- Lease rate does not include utilities, property expenses or building services
- Open Floor Plan Layout
- Space is in Excellent Condition
- Central Air Conditioning
- Private Restrooms
- Corner Space
- Drop Ceilings
- Natural Light
- Open-Plan
1st Floor, Ste 3
Former restaurant space. Two bathrooms. Kitchen area with back door. Dining area. Would be a great fit for another restaurant or convert to another use.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as a Restaurant or Café Space
- Space In Need of Renovation
- Central Air Conditioning
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 agent 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 FOR 1038-1040 Leonard St NW , Grand Rapids, MI 49504
| Property Type | Retail | Year Built | 1936 |
| Property Subtype | Fast Food | Parking Ratio | 1.88/1,000 SF |
| Gross Internal Area | 6,396 SF |
| Property Type | Retail |
| Property Subtype | Fast Food |
| Gross Internal Area | 6,396 SF |
| Year Built | 1936 |
| Parking Ratio | 1.88/1,000 SF |
About the Property
The Suite, located on the front of the building, has lots of visibility to Leonard Street NW. Plumbed with water and drains in the middle of floor already, this space is perfect for a salon or other personal services uses.
- Dedicated Turn Lane
- Pylon Sign
- Air Conditioning
-
Houston Moyer - Place Real Estate
Presented by
Place Real Estate
1038-1040 Leonard St NW
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