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Center for Health Transformation and Innovation - Expansion

Off-Market

725 Bond Avenue NW, Grand Rapids, MI 49503

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  • Property Type Office - General Office
  • Property Size 100,000 SF
  • Lot Size 3.84 Acre
  • Parking Spaces Avail. 990
  • Parking Ratio 9.90/ 1,000 SF
  • Property Tenancy Owner Occupied
  • Building Class A
  • Year Built 2022

Location

  • Walk Score ® Very Walkable (74)
  • Transit Score ® Good Transit (55)
  • Bike Score ® Very Bikeable (71)
Powered by Walk Score ®
  • City Grand Rapids, MI
  • Neighborhood Belknap Lookout
  • Zip Code 49503
  • Market Grand Rapids

Points of Interest

Grand Rapids

1.36 miles

Meijer Express

0.70 miles

Speedway

0.72 miles

Mobil

0.86 miles

Shell

1.06 miles

Mobil

1.11 miles

Sunoco

1.15 miles

Mobil

1.38 miles

Shell

1.42 miles

Mobil

1.45 miles

Pacific Pride

1.63 miles

Ramp 7

0.52 miles

Ramp 8

0.59 miles

Ramp 6

0.61 miles

Area 7

0.64 miles

Area 9

0.74 miles

Museum Parking

0.78 miles

Grand Valley State University Pew Campus Parking

0.87 miles

Area 3

0.95 miles

Area 2

0.98 miles

Seidman Lot

0.99 miles

Amway Grand Plaza

0.59 miles

JW Marriott Grand Rapids

0.66 miles

JW Marriott Grand Rapids

0.67 miles

Holiday Inn Grand Rapids Downtown

0.71 miles

City Flats Hotel

0.75 miles

Barri

0.78 miles

Residence Inn Marriott

0.82 miles

Hampton Inn & Suites Grand Rapids Downtown

0.88 miles

Canopy by Hilton

1.06 miles

The Brauhaus Inn

1.78 miles

Field & Fire Cafe

0.16 miles

City Built Brewing Company

0.19 miles

Brickyard Tavern

0.29 miles

Zoup!

0.36 miles

Smashburger

0.36 miles

Qdoba

0.37 miles

Global Street Food - Roam

0.50 miles

Jolly Pumpkin Pizzeria & Brewery

0.54 miles

Reserve

0.55 miles

The Butchers Union

0.56 miles

Secchia Center, MSU

0.28 miles

MSU Biomedical Research Center

0.29 miles

Coit Creative Arts Academy

0.35 miles

Saint Marys School

0.44 miles

NexTech High School

0.48 miles

Turner School

0.52 miles

Grand Rapids Community College

0.60 miles

Kendall College of Art and Design

0.64 miles

Saint Adalberts School

0.66 miles

Saint Alphonsus School

0.81 miles

Kenowa Hills Early Childhood Center

5.13 miles

Kelloggsville Early Childhood Learning Center

6.28 miles

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%
Unlock on CommercialEdge

Asking Rents in Grand Rapids Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $22.54
  • 2020 Office Vacancy Rate 11.83%
  • 2020 Office Completions (SF)
View more Grand Rapids market trends

Tax

  • Property Tax in 2022 $104,873
  • Market Value* $4,059,017
  • Assessed Value $4,059,017

Find more tax info, including assessment history and abatements, on CommercialEdge

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of Center for Health Transformation and Innovation - Expansion?

Center for Health Transformation and Innovation - Expansion totals 100,000 square feet.

When was this property built?

Center for Health Transformation and Innovation - Expansion was built in 2022.

What is the property tax for Center for Health Transformation and Innovation - Expansion?

The property tax for Center for Health Transformation and Innovation - Expansion in 2022 was $104,873.

What is the market value for Center for Health Transformation and Innovation - Expansion?

The market value* for Center for Health Transformation and Innovation - Expansion in 2022 was $4,059,017.
*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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