648 Bond Avenue NW

Off-Market

648 Bond Avenue NW, Grand Rapids, MI 49503

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

  • Property Type Industrial - Flex - Industrial
  • Property Size 44,472 SF
  • Lot Size 1.03 Acre
  • Property Tenancy Owner Occupied
  • Building Class B
  • Year Built 1952

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 31 Jan, 2020
  • 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 ®

    77/100 Very Walkable
  • Transit Score ®

    55/100 Good Transit
  • Bike Score ®

    61/100 Bikeable
Powered by Walk Score ®
  • City Grand Rapids, MI
  • Neighborhood Belknap Lookout
  • Zip Code 49503
  • Market Grand Rapids

Points of Interest

  • Grand Rapids

    1.30 miles

  • Meijer Express

    0.72 miles

  • Speedway

    0.79 miles

  • Mobil

    0.80 miles

  • Mobil

    1.06 miles

  • Shell

    1.13 miles

  • Sunoco

    1.22 miles

  • Mobil

    1.32 miles

  • Shell

    1.47 miles

  • Mobil

    1.50 miles

  • Pacific Pride

    1.57 miles

  • Ramp 7

    0.45 miles

  • Ramp 8

    0.52 miles

  • Ramp 6

    0.54 miles

  • Area 7

    0.62 miles

  • Area 9

    0.73 miles

  • Museum Parking

    0.75 miles

  • Grand Valley State University Pew Campus Parking

    0.85 miles

  • Area 3

    0.89 miles

  • Area 2

    0.92 miles

  • Staff Parking

    0.94 miles

  • Field & Fire Cafe

    0.23 miles

  • City Built Brewing Company

    0.25 miles

  • Zoup!

    0.29 miles

  • Smashburger

    0.29 miles

  • Qdoba

    0.30 miles

  • Brickyard Tavern

    0.34 miles

  • Global Street Food - Roam

    0.45 miles

  • Reserve

    0.50 miles

  • Real Seafood Co

    0.51 miles

  • Ruth's Chris Steak House

    0.52 miles

  • Bridge Street Market

    0.65 miles

  • Grand Central Market

    0.73 miles

  • Creston Market

    1.02 miles

  • Fulton Street Farmer’s Market

    1.74 miles

  • Family Fare

    1.80 miles

  • Wealthy Market

    1.91 miles

  • Family Fare

    1.93 miles

  • Meijer

    2.54 miles

  • D&W

    3.26 miles

  • Family Fare

    3.28 miles

  • Spectrum Health Butterworth Hospital

    0.48 miles

  • The Women's Center

    0.49 miles

  • Bridge Street Fire Station

    0.60 miles

  • Monroe Avenue Fire Station

    0.69 miles

  • Grand Rapids Police Department

    0.76 miles

  • LaGrave Avenue Fire Station

    0.89 miles

  • Cherry Health - Heart of the City Health Center

    1.09 miles

  • Walgreens

    1.16 miles

  • Mercy Health Saint Mary's

    1.17 miles

  • Walker Street Pharmacy

    1.42 miles

Frequently Asked Questions

What is the total square footage of 648 Bond Avenue NW?

648 Bond Avenue NW totals 44,472 square feet.

When was this property built?

648 Bond Avenue NW was built in 1952.

When was 648 Bond Avenue NW last sold?

648 Bond Avenue NW was last sold on 31 Jan, 2020.

What is the market value for 648 Bond Avenue NW?

The market value* for 648 Bond Avenue NW in 2022 was $995,043.
*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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