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120 S Michigan Ave
3,760 SF of Retail Space Available in Big Rapids, MI 49307
Highlights
- Located in Opportunity Zone.
- Equipped with Cameras, Registers, Display Cases, etc.
- Available for Sale & Lease.
- Turn-Key Dispensary/ Ready for Operator.
- Uniquely located above a local hot spot bar and grill (Shooter’s).
- Motivated Seller!
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 3,760 SF | 1 Year | $6.38 /SF/YR $0.53 /SF/MO $23,989 /YR $1,999 /MO | Triple Net (NNN) |
1st Floor
Looking for operators! This is the prime moment to enter the cannabis retail market in Big Rapids. We present a turnkey marijuana dispensary located in the heart of downtown Big Rapids, a vibrant city in Central Michigan. Situated 56 miles north of Grand Rapids and 42 miles south of Cadillac via U.S. Route 131, Big Rapids is nestled along the picturesque Muskegon River, near Ferris State University. Ferris State University, with an annual enrollment of over 10,000 students, adds to the city's dynamic atmosphere. This 3,760 sq ft unit is on the second floor of a historic building, perfectly situated above Shooter's Bar and Grill, a beloved spot for college students.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
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 broker 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 120 S Michigan Ave , Big Rapids, MI 49307
| Property Type | Retail | Gross Leasable Area | 12,802 SF |
| Property Subtype | Restaurant | Year Built | 1900 |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 12,802 SF |
| Year Built | 1900 |
About the Property
Big Rapids is in northwestern Mecosta County in central Michigan. It is 56 miles (90 km) north of Grand Rapids and 42 miles (68 km) south of Cadillac via U.S. Route 131. The city sits along the Muskegon River, which passes Ferris State University and the local middle school on its way southwest to Lake Michigan Roben-Hood Airport is located two miles (3.2 km) north of the Big Rapids business district and provides services to businesses and general aviation throughout the Midwest. Gerald R. Ford International Airport is the nearest international airport, located roughly one hour south of Big Rapids near Grand Rapids. Ferris State University is uniquely situated within the city boundaries and has been established for over 100 years; with an enrollment rate of around 10,000+ students each year.
Nearby Major Retailers
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120 S Michigan Ave
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