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Doug Meijer Medical Innovation Building

Off-Market

400 Monroe Avenue NW, Grand Rapids, MI 49503

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  • Property Type Office - Medical Office
  • Property Size 205,659 Sqft
  • Lot Size 4.32 Acre
  • Parking Spaces Avail. 598
  • Parking Ratio 2.91/ 1,000 SF
  • Property Tenancy Owner Occupied
  • Building Class A
  • Year Built 2021

Location

  • City Grand Rapids, MI
  • Neighborhood Belknap Lookout
  • Zip Code 49503
  • Market Grand Rapids

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Arm's Length
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • 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.

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

Tax

  • Property Tax in 2021 $138,197
  • Market Value $5,250,280
  • Assessed Value $5,250,280

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

Frequently Asked Questions

What is the total square footage of Doug Meijer Medical Innovation Building?

Doug Meijer Medical Innovation Building totals 205,659 square feet.

When was this property built?

Doug Meijer Medical Innovation Building was built in 2021.

What is the property tax for Doug Meijer Medical Innovation Building?

The property tax for Doug Meijer Medical Innovation Building in 2021 was $138,197.

What is the market value for Doug Meijer Medical Innovation Building?

The market value for Doug Meijer Medical Innovation Building in 2021 was $5,250,280.

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Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.