Calder Plaza Building

Off-Market

250 Monroe 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 - General Office
  • Property Size 171,000 SF
  • Lot Size 0.87 Acre
  • Parking Spaces Avail. 256
  • Parking Ratio 1.50 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1982

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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Brokers

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Documents

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Sales

  • Purchase Date 05 Dec, 2014
  • 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.

  • 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 ®

    94/100 Walker's Paradise
  • Transit Score ®

    65/100 Good Transit
  • Bike Score ®

    68/100 Bikeable
Powered by Walk Score ®
  • City Grand Rapids, MI
  • Neighborhood Belknap Lookout
  • Zip Code 49503
  • Market Grand Rapids

Points of Interest

  • Grand Rapids

    0.87 miles

  • Mobil

    0.63 miles

  • Meijer Express

    0.70 miles

  • Mobil

    0.78 miles

  • Mobil

    0.89 miles

  • Pacific Pride

    1.14 miles

  • Speedway

    1.18 miles

  • Marathon

    1.35 miles

  • Shell

    1.44 miles

  • Sunoco

    1.50 miles

  • Speedway

    1.64 miles

  • Ramp 6

    0.38 miles

  • Museum Parking

    0.38 miles

  • Area 7

    0.40 miles

  • Ramp 7

    0.45 miles

  • Area 3

    0.46 miles

  • Ramp 8

    0.46 miles

  • Area 2

    0.48 miles

  • Area 9

    0.52 miles

  • Grand Valley State University Pew Campus Parking

    0.56 miles

  • Cherry St. Parking

    0.57 miles

  • Amway Grand Plaza

    0.11 miles

  • JW Marriott Grand Rapids

    0.19 miles

  • City Flats Hotel

    0.27 miles

  • Barri

    0.29 miles

  • Holiday Inn Grand Rapids Downtown

    0.34 miles

  • Residence Inn Marriott

    0.34 miles

  • Canopy by Hilton

    0.57 miles

  • Hampton Inn & Suites Grand Rapids Downtown

    0.85 miles

  • The Brauhaus Inn

    1.33 miles

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

    3.32 miles

  • Global Street Food - Roam

    0.01 miles

  • Reserve

    0.07 miles

  • Real Seafood Co

    0.08 miles

  • Ruth's Chris Steak House

    0.09 miles

  • ATO Sushi

    0.11 miles

  • Sushi Yama

    0.14 miles

  • Tupelo Honey

    0.15 miles

  • Sweet Yo's

    0.16 miles

  • Cinco de Mayo

    0.20 miles

  • Panera Bread

    0.21 miles

  • MSU Biomedical Research Center

    0.20 miles

  • Kendall College of Art and Design

    0.21 miles

  • Secchia Center, MSU

    0.21 miles

  • Grand Rapids Community College

    0.31 miles

  • Grand Valley State University Pew Campus

    0.45 miles

  • Saint Marys School

    0.48 miles

  • Grand Valley State University - Pew Campus

    0.50 miles

  • Coit Creative Arts Academy

    0.54 miles

  • Thomas M. Cooley Law School

    0.55 miles

  • Grand Rapids Public School

    0.68 miles

  • Kenowa Hills Early Childhood Center

    5.33 miles

  • Kelloggsville Early Childhood Learning Center

    5.79 miles

Frequently Asked Questions

What is the total square footage of Calder Plaza Building?

Calder Plaza Building totals 171,000 square feet.

When was this property built?

Calder Plaza Building was built in 1982.

When was Calder Plaza Building last sold?

Calder Plaza Building was last sold on 05 Dec, 2014.

What is the property tax for Calder Plaza Building?

The property tax for Calder Plaza Building in 2022 was $687,136.

What is the market value for Calder Plaza Building?

The market value* for Calder Plaza Building in 2022 was $26,767,677.
*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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