260 Jefferson Building

Off-Market

260 Jefferson Avenue SE, Grand Rapids, MI 49503

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

  • Property Type Office - Medical Office
  • Property Size 26,000 SF
  • Lot Size 1.12 Acre
  • Property Tenancy Single Tenant
  • Building Class B
  • Year Built 1977

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • 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 ®

    86/100 Very Walkable
  • Transit Score ®

    65/100 Good Transit
  • Bike Score ®

    70/100 Very Bikeable
Powered by Walk Score ®
  • City Grand Rapids, MI
  • Neighborhood Downtown Grand Rapids
  • Zip Code 49503
  • Market Grand Rapids

Points of Interest

  • Grand Rapids

    0.48 miles

  • Mobil

    0.27 miles

  • Pacific Pride

    0.59 miles

  • Mobil

    0.63 miles

  • Marathon

    0.89 miles

  • Mobil

    0.93 miles

  • BP

    0.95 miles

  • BP

    1.12 miles

  • Meijer Express

    1.47 miles

  • Speedway

    1.47 miles

  • Shell

    1.49 miles

  • Wege Parking Ramp

    0.11 miles

  • Cherry St. Parking

    0.36 miles

  • Staff Parking

    0.46 miles

  • Area 3

    0.47 miles

  • Area 6A

    0.47 miles

  • Area 2

    0.49 miles

  • Sneden Hall Parking Ramp

    0.53 miles

  • Ramp 6

    0.76 miles

  • LaFontse Gallery Lot

    0.79 miles

  • Ramp 8

    0.84 miles

  • Canopy by Hilton

    0.41 miles

  • The Brauhaus Inn

    0.48 miles

  • Residence Inn Marriott

    0.53 miles

  • City Flats Hotel

    0.59 miles

  • Barri

    0.63 miles

  • JW Marriott Grand Rapids

    0.79 miles

  • Amway Grand Plaza

    0.80 miles

  • Holiday Inn Grand Rapids Downtown

    0.94 miles

  • Hampton Inn & Suites Grand Rapids Downtown

    1.01 miles

  • Travelodge

    3.01 miles

  • Grand Rapids Pizza Delivery

    0.21 miles

  • Beijing Kitchen

    0.21 miles

  • The Kitchen @ 40 Cherry

    0.34 miles

  • Bangkok Taste Cuisine

    0.36 miles

  • Bartertown Diner

    0.37 miles

  • Peppino's

    0.38 miles

  • Hong Kong Express

    0.38 miles

  • One Stop Coney Shop

    0.38 miles

  • Rockwells Republic

    0.39 miles

  • One Trick Pony

    0.39 miles

  • Vandenberg School

    0.16 miles

  • Thomas M. Cooley Law School

    0.37 miles

  • Morris School

    0.41 miles

  • Grand Rapids Learning Center

    0.47 miles

  • Henry School

    0.59 miles

  • Grand Rapids Public School

    0.63 miles

  • Grand Rapids High School

    0.63 miles

  • Kendall College of Art and Design

    0.67 miles

  • Madison Park School

    0.71 miles

  • Grand Rapids Community College

    0.72 miles

  • Kelloggsville Early Childhood Learning Center

    5.16 miles

  • Kenowa Hills Early Childhood Center

    6.06 miles

Frequently Asked Questions

What is the total square footage of 260 Jefferson Building?

260 Jefferson Building totals 26,000 square feet.

When was this property built?

260 Jefferson Building was built in 1977.

What is the property tax for 260 Jefferson Building?

The property tax for 260 Jefferson Building in 2022 was $51,713.

What is the market value for 260 Jefferson Building?

The market value* for 260 Jefferson Building in 2022 was $2,014,500.
*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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