Burton Centre I

Off-Market

2020 Raybrook Street SE, Grand Rapids, MI 49546

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 29,767 SF
  • Lot Size 3.2 Acre
  • Parking Spaces Avail. 95
  • Parking Ratio 3.20 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1986

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 31 Oct, 1992
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • 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.

  • 2022 Avg. Asking Rent $23.00
  • 2022 Office Vacancy Rate 15.06%
  • 2022 Office Completions (SF) 331,938
View more Grand Rapids market trends

Location

Getting Around

  • Walk Score ®

    38/100 Car-Dependent

  • Transit Score ®

    37/100 Some Transit

  • Bike Score ®

    50/100 Bikeable
Powered by Walk Score ®
  • City Grand Rapids, MI
  • Neighborhood Ridgemoor
  • Zip Code 49546
  • Market Grand Rapids

Points of Interest

  • Grand Rapids

    4.81 miles

  • Marathon

    0.67 miles

  • Shell

    0.71 miles

  • Mobil

    1.14 miles

  • D&W Quick Stop

    1.20 miles

  • Shell

    1.27 miles

  • Speedway

    1.32 miles

  • BP

    1.41 miles

  • Shell

    1.44 miles

  • Sam's Club

    1.57 miles

  • Speedway

    1.71 miles

  • Lake Michigan Academy's Parking

    1.06 miles

  • bus parking

    2.92 miles

  • Woodward Lot

    2.99 miles

  • Plymouth Lot

    3.01 miles

  • East Albertus Lot

    3.05 miles

  • Ethel Parking Lot

    3.07 miles

  • Eastown Hub Parking Lot

    3.13 miles

  • MDOT Park & Ride - Kentwood

    3.15 miles

  • Bukowski Lot

    3.26 miles

  • Mayfield Lot

    3.41 miles

  • Ramada Plaza

    0.88 miles

  • Knights Inn Grand Rapids East

    1.04 miles

  • Fairfield Inn & Suites Grand Rapids

    1.19 miles

  • Extended Stay America - Grand Rapids - Kentwood

    1.28 miles

  • Staybridge Suites

    1.36 miles

  • Holiday Inn

    1.38 miles

  • Comfort Inn Airport

    1.44 miles

  • Sleep Inn & Suites

    1.69 miles

  • Residence Inn

    1.71 miles

  • Wyndham Garden Grand Rapids Airport

    1.75 miles

  • Anna's House

    0.47 miles

  • Knollcrest Dining Hall

    0.49 miles

  • Culver's

    0.56 miles

  • The Cheesecake Factory

    0.72 miles

  • On The Border

    0.74 miles

  • Red Robin

    0.77 miles

  • Ucellos's

    0.77 miles

  • TGI Friday's

    0.78 miles

  • Smashburger

    0.80 miles

  • Arnie's

    0.81 miles

  • Calvin Theological Seminary

    0.14 miles

  • Calvin University

    0.50 miles

  • Martin Luther School

    0.54 miles

  • Woodcliff School

    1.20 miles

  • Breton Downs Elementary School

    1.22 miles

  • Shawnee Park School

    1.52 miles

  • Lakeside Elementary School

    1.68 miles

  • East Grand Rapids Middle School

    1.84 miles

  • Grand Rapids Christian High School

    1.85 miles

  • Martin School

    1.85 miles

  • Kelloggsville Early Childhood Learning Center

    5.91 miles

  • Adventures Learning Center

    8.52 miles

  • Milestones Child Development Center

    8.71 miles

Frequently Asked Questions

What is the total square footage of Burton Centre I?

Burton Centre I totals 29,767 square feet.

When was this property built?

Burton Centre I was built in 1986.

When was Burton Centre I last sold?

Burton Centre I was last sold on 31 Oct, 1992.

What is the property tax for Burton Centre I?

The property tax for Burton Centre I in 2023 was $129,446.

What is the market value for Burton Centre I?

The market value* for Burton Centre I in 2023 was $5,042,641.
*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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