700 Ionia Avenue SW

Off-Market

700 Ionia Avenue SW, Grand Rapids, MI 49503

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  • Property Type Industrial - Warehouse/Distribution
  • Property Size 28,000 SF
  • Lot Size 2.55 Acre
  • Property Tenancy Owner Occupied
  • Building Class B
  • Year Built 1995

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 24 Nov, 2009
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Origination 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 ®

    87/100 Very Walkable
  • Transit Score ®

    53/100 Good Transit
  • Bike Score ®

    71/100 Very Bikeable
Powered by Walk Score ®
  • City Grand Rapids, MI
  • Neighborhood Southeast Grand Rapids
  • Zip Code 49503
  • Market Grand Rapids

Points of Interest

  • Grand Rapids

    0.40 miles

  • Pacific Pride

    0.16 miles

  • Marathon

    0.36 miles

  • Mobil

    0.38 miles

  • BP

    0.60 miles

  • Mobil

    0.70 miles

  • BP

    1.05 miles

  • Mobil

    1.52 miles

  • Marathon

    1.52 miles

  • Mobil

    1.57 miles

  • 4STAR

    1.58 miles

  • Area 6A

    0.62 miles

  • Cherry St. Parking

    0.68 miles

  • Wege Parking Ramp

    0.69 miles

  • Area 2

    0.76 miles

  • Area 3

    0.79 miles

  • Watson Lot

    0.95 miles

  • Seidman Lot

    0.98 miles

  • Staff Parking

    1.06 miles

  • Museum Parking

    1.09 miles

  • Sneden Hall Parking Ramp

    1.13 miles

  • The Kitchen @ 40 Cherry

    0.64 miles

  • Peppino's

    0.67 miles

  • One Twenty Three Tavern

    0.70 miles

  • Tavern on the Square

    0.73 miles

  • Leo's Coney Island on Tap

    0.73 miles

  • Mertens Prime

    0.75 miles

  • Stella's Lounge

    0.79 miles

  • Rockwells Republic

    0.80 miles

  • Grand Rapids Pizza Delivery

    0.81 miles

  • Beijing Kitchen

    0.81 miles

  • Grand Central Market

    0.96 miles

  • Wealthy Market

    1.35 miles

  • Bridge Street Market

    1.60 miles

  • Fulton Street Farmer’s Market

    1.72 miles

  • Family Fare

    1.96 miles

  • Ken's Fruit Market

    2.41 miles

  • Creston Market

    2.65 miles

  • ALDI

    2.72 miles

  • D&W

    2.79 miles

  • Family Fare

    2.89 miles

  • Franklin Street Fire Station

    0.09 miles

  • Cherry Health - Heart of the City Health Center

    0.65 miles

  • Mercy Health Saint Mary's

    0.67 miles

  • LaGrave Avenue Fire Station

    0.87 miles

  • Grand Rapids Police Department

    0.93 miles

  • Division Avenue Fire Station

    1.27 miles

  • The Women's Center

    1.32 miles

  • Spectrum Health Butterworth Hospital

    1.36 miles

  • Chester Street Fire Station

    1.40 miles

  • Bridge Street Fire Station

    1.51 miles

Frequently Asked Questions

What is the total square footage of 700 Ionia Avenue SW?

700 Ionia Avenue SW totals 28,000 square feet.

When was this property built?

700 Ionia Avenue SW was built in 1995.

When was 700 Ionia Avenue SW last sold?

700 Ionia Avenue SW was last sold on 24 Nov, 2009.

What is the property tax for 700 Ionia Avenue SW?

The property tax for 700 Ionia Avenue SW in 2022 was $34,270.

What is the market value for 700 Ionia Avenue SW?

The market value* for 700 Ionia Avenue SW in 2022 was $1,335,017.
*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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