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 SF
  • Lot Size 1.03 Acre
  • Property Tenancy Single Tenant
  • Building Class C
  • Year Built 1919

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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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
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Grand Rapids Office Market

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

  • 2022 Avg. Asking Rent $23.00
  • 2022 Office Vacancy Rate 15.06%
  • 2022 Office Completions (SF) 331,938
View more Grand Rapids market trends

Location

Getting Around

  • Walk Score ®

    84/100 Very Walkable
  • Transit Score ®

    40/100 Some Transit
  • Bike Score ®

    56/100 Bikeable
Powered by Walk Score ®
  • City Grand Rapids, MI
  • Neighborhood Southeast Grand Rapids
  • Zip Code 49507
  • Market Grand Rapids

Points of Interest

  • Grand Rapids

    1.51 miles

  • Marathon

    0.53 miles

  • BP

    0.58 miles

  • BP

    0.99 miles

  • Mobil

    1.00 miles

  • Shell

    1.03 miles

  • Marathon

    1.25 miles

  • Pacific Pride

    1.26 miles

  • Mobil

    1.41 miles

  • Marathon

    1.43 miles

  • Citgo

    1.52 miles

  • bus parking

    1.33 miles

  • Wealthy Market's Parking

    1.51 miles

  • Wege Parking Ramp

    1.52 miles

  • Area 6A

    1.72 miles

  • Cherry St. Parking

    1.73 miles

  • LaFontse Gallery Lot

    1.83 miles

  • Area 2

    1.84 miles

  • Area 3

    1.85 miles

  • Ethel Parking Lot

    1.85 miles

  • Congress Elementary Parking Lot

    1.86 miles

  • The Brauhaus Inn

    1.03 miles

  • Travelodge

    1.60 miles

  • Budgetel Grand Rapids

    1.60 miles

  • Best Western Executive Inn & Suites

    1.66 miles

  • Days Inn & Suites

    1.67 miles

  • Baymont

    1.68 miles

  • Canopy by Hilton

    1.75 miles

  • Residence Inn Marriott

    1.96 miles

  • Barri

    2.03 miles

  • City Flats Hotel

    2.04 miles

  • Tacos El Cuñado

    1.28 miles

  • The Old Goat

    1.32 miles

  • Donkey Taqueria

    1.40 miles

  • Royals

    1.40 miles

  • Erb Thai

    1.50 miles

  • The Electric Cheetah

    1.55 miles

  • McDonald's

    1.60 miles

  • Beijing Kitchen

    1.63 miles

  • Uncle Cheetah's Soup Shop

    1.63 miles

  • Grand Rapids Pizza Delivery

    1.63 miles

  • Jefferson School

    0.21 miles

  • Dickinson School

    0.33 miles

  • Saint Francis Xavier School

    0.35 miles

  • South High School

    0.42 miles

  • Our Lady of Sorrows School

    0.52 miles

  • River City Scholars Charter Academy

    0.70 miles

  • Sheldon School

    0.72 miles

  • Buchanan Elementary School

    0.78 miles

  • Madison Park School

    0.78 miles

  • Grand Rapids High School

    0.90 miles

  • Kelloggsville Early Childhood Learning Center

    3.83 miles

  • Kenowa Hills Early Childhood Center

    7.09 miles

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 2023 was $25,969.

What is the market value for 1515 Madison Avenue SE?

The market value* for 1515 Madison Avenue SE in 2023 was $1,007,728.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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