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5 Lyon St

Grand Rapids, MI
Floors
9
Total Size
78,300 sqft
Zoning
TN-CC
Year Constructed
1910
Year Renovated
0
Building Class

About 5 Lyon St

Highly visible space downtown at the intersection of Lyon and Ionia Streets. Located directly across the street from Kendall College/Ferris State University and Grand Rapids Community College. Walking distance to the Medical Mile and Monroe Center. Former restaurant space with some equipment and hoods in place for future use. Opportunity for outdoor seating with municipal approval. Potential for many retail users or office/medical needs.

LANDLORD PROVIDES: None

TENANT PROVIDES: A/C, Electric, Gas/Heat, Insurance, Phone, Janitorial, Refuse Removal, Sewer, Snow Removal, Taxes, Water, Other DIRECTIONS: I-196 to Ottawa Ave exit, South on Ottawa to Lyon St, 1 block East to property.

Internet Providers for 5 Lyon St

Provider Technology Max Download Speed Max Upload Speed
Comcast Cable
1 Gb/s
25 Mb/s
MegaPath Corporation DSL
50 Mb/s
50 Mb/s
JAS Networks DSL
25 Mb/s
6 Mb/s
AT&T Michigan DSL
25 Mb/s
1.5 Mb/s
ACD.net DSL
25 Mb/s
3 Mb/s
Cavalier Telephone DSL
10 Mb/s
1.5 Mb/s

The Market: Grand Rapids

The typical asking rate per listing is in the $20's per square foot per year. The Grand Rapids submarket is going through a a rise in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 28% rise in rent.

Compared to the rest of the Grand Rapids market, the Grand Rapids region has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.

Median Rate Median Size
$24
/sqft/yr
1,900
sqft

Median Rate over Time in Grand Rapids