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7505 River St SE
2,207 SF of 4-Star Retail Space Available in Ada, MI 49301
Highlights
- The retail site is positioned just steps to infrastructure celebrating Ada’s culture of outdoor exploration and events - an amphitheater, seating area
- High quality patrons visiting Grand Rapids to stop in, as Ada will be on the top oftheir bucket list of nearby towns to discover.
Space Availability (1)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor, Ste 104 | 2,207 SF | Negotiable | £23.50 /SF/PA £1.96 /SF/MO £252.94 /m²/PA £21.08 /m²/MO £51,862 /PA £4,322 /MO | Triple Net |
1st Floor, Ste 104
Prime retail space overlooking Ada’s Thornapple River. The Village of Ada welcomes visitors from all over Michigan to participate in a wide variety of events happening year-round. The retail site is positioned just steps to infrastructure celebrating Ada’s culture of outdoor exploration and events - an amphitheater, seating area and tables, public restrooms, and a playground. As a retail establishment, you can count on high quality patrons visiting Grand Rapids to stop in, as Ada will be on the top of their bucket list of nearby towns to discover. Take a look at this beautiful retail space and envision the potential for bringing your business to the highly sought after town of Ada.
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Space is in Excellent Condition
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 7505 River St SE , Ada, MI 49301
| Property Type | Retail | Total Land Area | 0.27 AC |
| Property Subtype | Freestanding | Year Built | 1961 |
| Gross Internal Area | 5,600 SF | Parking Ratio | 10.15/1,000 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Internal Area | 5,600 SF |
| Total Land Area | 0.27 AC |
| Year Built | 1961 |
| Parking Ratio | 10.15/1,000 SF |
About the Property
Prime retail space overlooking Ada’s Thornapple River. The Village of Ada welcomes visitors from all over Michigan to participate in a wide variety of events happening year-round. The retail site is positioned just steps to infrastructure celebrating Ada’s culture of outdoor exploration and events - an amphitheater, seating area and tables, public restrooms, and a playground. As a retail establishment, you can count on high quality patrons visiting Grand Rapids to stop in, as Ada will be on the top of their bucket list of nearby towns to discover. Take a look at this beautiful retail space and envision the potential for bringing your business to the highly sought after town of Ada.
Nearby Major Retailers
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7505 River St SE
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