240 Front Avenue SW

Off-Market

240 Front Avenue SW, Grand Rapids, MI 49504

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  • Property Type Industrial - Flex - Industrial
  • Property Size 56,871 SF
  • Lot Size 1.04 Acre
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1900

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 27 Mar, 2014
  • 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.

  • 2021 Avg. Asking Rent $21.65
  • 2021 Office Vacancy Rate 14.55%
  • 2021 Office Completions (SF) 329,230

Grand Rapids Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2021 Avg. Price per SF $163.26
  • Y-o-Y Avg. PpSF Change -17.52%
  • 2021 Office Sales Volume $31.7M
  • 2021 Number of Transactions 3
View more Grand Rapids market trends

Location

Getting Around

  • Walk Score ®

    61/100 Somewhat Walkable
  • Transit Score ®

    64/100 Good Transit
  • Bike Score ®

    61/100 Bikeable
Powered by Walk Score ®
  • City Grand Rapids, MI
  • Neighborhood S.W.A.N.
  • Zip Code 49504
  • Market Grand Rapids

Points of Interest

  • Grand Rapids

    0.51 miles

  • Mobil

    0.33 miles

  • Pacific Pride

    0.68 miles

  • Marathon

    0.71 miles

  • Mobil

    0.73 miles

  • Meijer Express

    0.93 miles

  • BP

    1.36 miles

  • Mobil

    1.51 miles

  • 4STAR

    1.69 miles

  • BP

    1.79 miles

  • Speedway

    1.82 miles

  • Watson Lot

    0.18 miles

  • Seidman Lot

    0.27 miles

  • Grand Valley State University Pew Campus Parking

    0.47 miles

  • Museum Parking

    0.48 miles

  • Area 6A

    0.48 miles

  • Area 2

    0.55 miles

  • Area 3

    0.61 miles

  • Cherry St. Parking

    0.63 miles

  • Area 9

    0.63 miles

  • Area 7

    0.67 miles

  • Adobé In & Out

    0.37 miles

  • Little Caesars

    0.44 miles

  • Bistro Bella Vita

    0.49 miles

  • Burger King

    0.52 miles

  • Leo's Coney Island on Tap

    0.57 miles

  • Big Boy

    0.58 miles

  • One Twenty Three Tavern

    0.58 miles

  • Peppino's

    0.61 miles

  • Tavern on the Square

    0.62 miles

  • The Kitchen @ 40 Cherry

    0.63 miles

  • Grand Central Market

    0.76 miles

  • Bridge Street Market

    0.88 miles

  • Wealthy Market

    1.93 miles

  • Fulton Street Farmer’s Market

    2.12 miles

  • Creston Market

    2.24 miles

  • Family Fare

    2.36 miles

  • Family Fare

    2.86 miles

  • Family Fare

    2.90 miles

  • ALDI

    3.19 miles

  • Ken's Fruit Market

    3.22 miles

  • Grand Rapids Police Department

    0.75 miles

  • Cherry Health - Heart of the City Health Center

    0.80 miles

  • Bridge Street Fire Station

    0.82 miles

  • Franklin Street Fire Station

    0.86 miles

  • LaGrave Avenue Fire Station

    0.88 miles

  • Mercy Health Saint Mary's

    0.95 miles

  • The Women's Center

    1.12 miles

  • Spectrum Health Butterworth Hospital

    1.17 miles

  • Walker Street Pharmacy

    1.79 miles

  • Walgreens

    1.87 miles

Frequently Asked Questions

What is the total square footage of 240 Front Avenue SW?

240 Front Avenue SW totals 56,871 square feet.

When was this property built?

240 Front Avenue SW was built in 1900.

When was 240 Front Avenue SW last sold?

240 Front Avenue SW was last sold on 27 Mar, 2014.

What is the property tax for 240 Front Avenue SW?

The property tax for 240 Front Avenue SW in 2022 was $35,078.

What is the market value for 240 Front Avenue SW?

The market value* for 240 Front Avenue SW in 2022 was $1,366,489.
*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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