64/70 Ionia AveGrand Rapids, MI 49503
For Sale
$9,143,939
Downtown Grand Rapids investment opportunity: high occupancy, strong NOI.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 125
Highlights
- Fully leased, three-tenant Class A building, totaling 61,839 square feet, with a 7.50% cap rate and $685,795 NOI.
- Across the street from the 12,500-seat Van Andel Arena.
- Located in Grand Rapids' CBD, adjacent to the Studio Park development.
- Near the future 12,000-seat Grand Rapids Amphitheater.
- Completely renovated interior and exterior within the last 15 years.
- Includes rights to 87 parking spaces.
Property Details for 64/70 Ionia Ave
- Property type
- Retail properties, Office properties
- Square Feet
- 61,839 SF
- Class
- A
- Year Built
- 1916
- Buildings
- 2
- Lot Size (sq. ft)
- 15,028 SF
Location Insight
- City
- Grand Rapids
- County
- Kent
- State
- Michigan
- Latitude
- 42.9613976
- Longitude
- -85.6699198
64/70 Ionia Ave, Grand Rapids, Michigan
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - Downtown Grand Rapids investment opportunity: high occupancy, strong NOI.
- Where is the retail property located?
- The property is located at 64/70 Ionia Ave Grand Rapids, MI.
- What is the asking price?
- The asking price for this property is $9,143,939.
- What are key features of this property?
- This property features: Fully leased, three-tenant Class A building, totaling 61,839 square feet, with a 7.50% cap rate and $685,795 NOI.; Across the street from the 12,500-seat Van Andel Arena.; Located in Grand Rapids' CBD, adjacent to the Studio Park development.
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