70 Ionia Ave SW - Office FOR SALE


Grand Rapids, MI 49503
$9,143,939 USD
616-254-0035
70 Ionia Ave SW, Grand Rapids, MI for Sale
$9,143,939 USD
Office - FOR SALE
1/4
null | 7.5% Cap Rate

70 Ionia Ave SW
Grand Rapids, MI 49503


HIGHLIGHTS

  • 1005 leased Three-Tenant, Class A Building
  • Located across the street from the 12,500 seat Van Andel Arena
  • Located in the Grand Rapids CBD adjacent to the live/work/play Studio Park Development
  • Minutes away from the soon-to-be developed 12,000 seat Grand Rapids Amphitheater located on the Grand River
  • Interior and exterior of the building recently updated
  • Building comes with "rights" to 87 parking spaces

OVERVIEW

Class A mixed use (office & retail) building located in the Entertainment District of Grand Rapids, Michigan - one of the fastest growing Midwestern cities in the United States. Located in close proximity to multiple entertainment venues and positioned among other properties with several AAA credit tenants. Area also includes a fast growing population of market rate multi family developments, restaurants and hotels.

FOR SALE DETAILS

PRICE

$9,143,939 USD

PRICE/SF

$262 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

GRid70

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

A

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

CBD-4

APN/PARCEL ID

41-13-25-435-001,41-13-25-442-002,41-13-25-442-003,41-13-25-442-004

ASK ABOUT THIS PROPERTY

Drew NelsonBradley CompanyMore Info
616-254-0035

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Drew NelsonBradley CompanyMore Info
616-254-0035

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.