Contact Property

1515 Madison Avenue SE

Off-Market

1515 Madison Avenue SE, Grand Rapids, MI 49507

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - Creative Office
  • Property Size 60,240 Sqft
  • Lot Size 1.03 Acre
  • Property Tenancy Single Tenant
  • Building Class C
  • Year Built 1919

Location

  • City Grand Rapids, MI
  • Neighborhood Southeast Grand Rapids
  • Zip Code 49507
  • Market Grand Rapids

Contacts

Find property contacts with verified and updated contact information on CommercialEdge: owners, building management, representatives from permits and tenants.

Owner

  • True Owner
  • Registered Owner

Brokers

Do you represent this property? Claim it!

List your spaces with ease and generate only verified leads with CommercialEdge Marketing.

Add listing for free

Documents

Access researched data with nationwide coverage on CommercialEdge: sales, mortgages, financials, title documents and more.

Sales

  • Purchase Date 07 Oct, 2015
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Grand Rapids

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
Unlock on CommercialEdge
Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
Unlock on CommercialEdge

Asking Rents in Grand Rapids Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $22.54
  • 2020 Office Vacancy Rate 11.83 %
  • 2020 Office Completions (Sqft)
View more Grand Rapids market trends

Tax

  • Property Tax in 2021 $20,257
  • Market Value $769,620
  • Assessed Value $769,620

Find more tax info, including assessment history and abatements, on CommercialEdge

Frequently Asked Questions

What is the total square footage of 1515 Madison Avenue SE?

1515 Madison Avenue SE totals 60,240 square feet.

When was this property built?

1515 Madison Avenue SE was built in 1919.

When was 1515 Madison Avenue SE last sold?

1515 Madison Avenue SE was last sold on 07 Oct, 2015.

What is the property tax for 1515 Madison Avenue SE?

The property tax for 1515 Madison Avenue SE in 2021 was $20,257.

What is the market value for 1515 Madison Avenue SE?

The market value for 1515 Madison Avenue SE in 2021 was $769,620.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.