Center for Health Transformation and Innovation

Off-Market

635 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 Office - Medical Office
  • Property Size 157,000 SF
  • Lot Size 1.31 Acre
  • Parking Spaces Avail. 78
  • Parking Ratio 0.50 / 1,000 SF
  • Property Tenancy Owner Occupied
  • Building Class B

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 10 Dec, 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 ®

    74/100 Very Walkable
  • Transit Score ®

    55/100 Good Transit
  • Bike Score ®

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

Points of Interest

  • Grand Rapids

    1.31 miles

  • Meijer Express

    0.67 miles

  • Speedway

    0.76 miles

  • Mobil

    0.85 miles

  • Mobil

    1.06 miles

  • Shell

    1.08 miles

  • Sunoco

    1.17 miles

  • Mobil

    1.33 miles

  • Mobil

    1.45 miles

  • Shell

    1.46 miles

  • Pacific Pride

    1.58 miles

  • Ramp 7

    0.50 miles

  • Ramp 8

    0.57 miles

  • Ramp 6

    0.58 miles

  • Area 7

    0.60 miles

  • Area 9

    0.70 miles

  • Museum Parking

    0.74 miles

  • Grand Valley State University Pew Campus Parking

    0.82 miles

  • Area 3

    0.90 miles

  • Area 2

    0.93 miles

  • Seidman Lot

    0.95 miles

  • Amway Grand Plaza

    0.55 miles

  • JW Marriott Grand Rapids

    0.61 miles

  • Holiday Inn Grand Rapids Downtown

    0.66 miles

  • City Flats Hotel

    0.71 miles

  • Barri

    0.74 miles

  • Residence Inn Marriott

    0.78 miles

  • Hampton Inn & Suites Grand Rapids Downtown

    0.87 miles

  • Canopy by Hilton

    1.02 miles

  • The Brauhaus Inn

    1.74 miles

  • Americas Best Value Inn & Suites-Walker/Grand Rapids North

    2.89 miles

  • Field & Fire Cafe

    0.21 miles

  • City Built Brewing Company

    0.23 miles

  • Zoup!

    0.33 miles

  • Brickyard Tavern

    0.33 miles

  • Smashburger

    0.33 miles

  • Qdoba

    0.34 miles

  • Global Street Food - Roam

    0.46 miles

  • Jolly Pumpkin Pizzeria & Brewery

    0.51 miles

  • Reserve

    0.51 miles

  • The Butchers Union

    0.53 miles

  • Secchia Center, MSU

    0.24 miles

  • MSU Biomedical Research Center

    0.25 miles

  • Coit Creative Arts Academy

    0.35 miles

  • Saint Marys School

    0.41 miles

  • NexTech High School

    0.49 miles

  • Turner School

    0.54 miles

  • Grand Rapids Community College

    0.57 miles

  • Kendall College of Art and Design

    0.60 miles

  • Saint Adalberts School

    0.65 miles

  • Grand Valley State University Pew Campus

    0.80 miles

  • Kenowa Hills Early Childhood Center

    5.14 miles

  • Kelloggsville Early Childhood Learning Center

    6.23 miles

Frequently Asked Questions

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

Center for Health Transformation and Innovation totals 157,000 square feet.

When was Center for Health Transformation and Innovation last sold?

Center for Health Transformation and Innovation was last sold on 10 Dec, 2020.

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

The property tax for Center for Health Transformation and Innovation in 2022 was $29,523.

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

The market value* for Center for Health Transformation and Innovation in 2022 was $1,472,173.
*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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