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Market Square Plaza 201 Sprague Rd
1,652 - 5,233 SF of Retail Space Available in Ionia, MI 48846
Highlights
- Walmart Shadow Center
- Situated at the intersection of South State Rd. and Sprague Rd which provides high visibility
- Nearby retailers: Menard's, Tractor Supply, Applebee's, and Aldi
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste A2 | 1,652 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable | ||
| 1st Floor, Ste C3 | 3,581 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable |
201 Sprague Rd - 1st Floor - Ste A2
3192 Commerce Ln - 1st Floor - Ste C3
- Fully Built-Out as Standard Retail Space
- 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.
SITE PLAN
PROPERTY FACTS FOR 201 Sprague Rd , Ionia, MI 48846
| Center Type | Strip Center | Gross Leasable Area | 65,565 SF |
| Parking | 300 Spaces | Total Land Area | 5.61 AC |
| Center Properties | 2 | Year Built | 2007 |
| Center Type | Strip Center |
| Parking | 300 Spaces |
| Center Properties | 2 |
| Gross Leasable Area | 65,565 SF |
| Total Land Area | 5.61 AC |
| Year Built | 2007 |
About the Property
Market Square Plaza is a 31,307 square foot retail shopping center in Ionia, MI. The strip is considered a Walmart shadow center, with other major retailers nearby including Menard's, Tactor Supply, and Aldi. The center has high visibility, and is located at the intersection of S State Road in Sprague Roads.
- Dedicated Turn Lane
- Pylon Sign
Nearby Major Retailers
Presented by
Market Square Plaza | 201 Sprague Rd
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