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531 N Grand St
1,200 SF of Retail Space Available in Schoolcraft, MI 49087
Highlights
- 1,200 SF (20’ x 60’) suite in 4,784 SF multi-tenanted commercial building on approx. 0.77-acre parcel in Schoolcraft
- Highly visible location at lighted corner of N. Grand St./US-131 Hwy. and W. Lyons St. in downtown Schoolcraft
- Co-tenanted by Pizza Hut and Biggby Coffee
- Existing build-out features a reception/lobby area, 3 private offices, break/storage room, mechanical room, and single-fixture restroom
- Site amenities include pylon/building signage, 36± parking spaces, and access from both N. Grand St./US-131 Hwy. and W. Lyons St.
- Neighboring tenants include GreenStone Farm Credit Svcs., McDonald’s, BP, Keefer Family Dentistry, Signs & More, Subway, and Trust Shield Insurance
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste B | 1,200 SF | 5 Years | $12.00 /SF/YR $1.00 /SF/MO $129.17 /m²/YR $10.76 /m²/MO $1,200 /MO $14,400 /YR | Triple Net (NNN) |
1st Floor, Ste B
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Professional Services Office
- Located in-line with other retail
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 531 N Grand St , Schoolcraft, MI 49087
| Property Type | Retail | Year Built | 2011 |
| Property Subtype | Storefront | Parking Ratio | 7.53/1,000 SF |
| Gross Leasable Area | 4,784 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 4,784 SF |
| Year Built | 2011 |
| Parking Ratio | 7.53/1,000 SF |
About the Property
AVAILABLE FOR LEASE: 1,200 SF (20’ x 60’) in-line suite available in this 4,784 SF multi-tenanted commercial building in Schoolcraft. This former insurance office features a reception/lobby area, 3 private offices, break/storage room, mechanical room, and single-fixture restroom. Constructed in 2011 on a 0.77-acre parcel, site amenities include pylon/building signage, 36± parking spaces, and multiple access points. Property is well located at the highly visible, lighted corner of N. Grand St./US-131 Hwy. and W. Lyons St. in downtown Schoolcraft and is co-tenanted by Pizza Hut and Biggby Coffee. Neighboring tenants include GreenStone Farm Credit Services, McDonald’s, BP Gas, Keefer Family Dentistry, Signs & More, Subway, and Trust Shield Insurance Group. Zoned B-2 – General Business District in the Village of Schoolcraft. 60-month lease term, Triple Net. NNN Charges = $2.75/SF (est.). All leases subject to landlord’s approval of tenant’s use and credit in its sole discretion.
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signalized Intersection
Nearby Major Retailers
Learn More About Leasing Retail Properties
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531 N Grand St
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