64 Ionia Avenue SW

Off-Market

64 Ionia Avenue SW, 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 - General Office
  • Property Size 30,000 SF
  • Lot Size 0.12 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 2005

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Date 08 Dec, 2010
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Origination Date
  • Loan Maturity Date

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 ®

    93/100 Walker's Paradise
  • Transit Score ®

    68/100 Good Transit
  • Bike Score ®

    65/100 Bikeable
Powered by Walk Score ®
  • City Grand Rapids, MI
  • Neighborhood Downtown Grand Rapids
  • Zip Code 49503
  • Market Grand Rapids

Points of Interest

  • Grand Rapids

    0.41 miles

  • Mobil

    0.31 miles

  • Mobil

    0.41 miles

  • Pacific Pride

    0.67 miles

  • Mobil

    0.90 miles

  • Marathon

    0.92 miles

  • Meijer Express

    1.04 miles

  • BP

    1.37 miles

  • BP

    1.38 miles

  • Speedway

    1.65 miles

  • Speedway

    1.66 miles

  • Area 3

    0.04 miles

  • Area 2

    0.08 miles

  • Cherry St. Parking

    0.10 miles

  • Area 6A

    0.20 miles

  • Museum Parking

    0.47 miles

  • Wege Parking Ramp

    0.50 miles

  • Seidman Lot

    0.51 miles

  • Staff Parking

    0.54 miles

  • Ramp 6

    0.57 miles

  • Watson Lot

    0.57 miles

  • Canopy by Hilton

    0.10 miles

  • Residence Inn Marriott

    0.14 miles

  • Barri

    0.20 miles

  • City Flats Hotel

    0.22 miles

  • JW Marriott Grand Rapids

    0.37 miles

  • Amway Grand Plaza

    0.40 miles

  • Holiday Inn Grand Rapids Downtown

    0.51 miles

  • The Brauhaus Inn

    0.88 miles

  • Hampton Inn & Suites Grand Rapids Downtown

    0.99 miles

  • Days Inn & Suites

    3.26 miles

  • Stella's Lounge

    0.04 miles

  • Mertens Prime

    0.04 miles

  • Tavern on the Square

    0.04 miles

  • Two Beards

    0.06 miles

  • Leo's Coney Island on Tap

    0.07 miles

  • One Twenty Three Tavern

    0.08 miles

  • Rockwells Republic

    0.09 miles

  • Peppino's

    0.10 miles

  • Buffalo Wild Wings

    0.11 miles

  • San Chez

    0.12 miles

  • Thomas M. Cooley Law School

    0.07 miles

  • Kendall College of Art and Design

    0.35 miles

  • Grand Valley State University Pew Campus

    0.48 miles

  • Grand Rapids Community College

    0.49 miles

  • Grand Valley State University - Pew Campus

    0.56 miles

  • Vandenberg School

    0.57 miles

  • Grand Rapids Learning Center

    0.58 miles

  • Grand Rapids Public School

    0.66 miles

  • Maplewood School

    0.67 miles

  • MSU Biomedical Research Center

    0.68 miles

  • Kelloggsville Early Childhood Learning Center

    5.34 miles

  • Kenowa Hills Early Childhood Center

    5.63 miles

Frequently Asked Questions

What is the total square footage of 64 Ionia Avenue SW?

64 Ionia Avenue SW totals 30,000 square feet.

When was this property built?

64 Ionia Avenue SW was built in 2005.

When was 64 Ionia Avenue SW last sold?

64 Ionia Avenue SW was last sold on 08 Dec, 2010.

What is the property tax for 64 Ionia Avenue SW?

The property tax for 64 Ionia Avenue SW in 2022 was $200,115.

What is the market value for 64 Ionia Avenue SW?

The market value* for 64 Ionia Avenue SW in 2022 was $7,795,567.
*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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