89 Ionia AveGrand Rapids, MI 49503

  • Commercial real estate
  • 37,590 SF
For Sale
$4,250,000 View listing

Property Details for 89 Ionia Ave

Year built
1916
Lot size
0.14 AC
Property size (Sq ft)
37,590 SF
Zone code
TN-CC
Property type
Commercial real estate
APN
41-13-25-286-009
APU
411325286009

Description

This exceptional office building, located at 89 Ionia Ave NW in Grand Rapids, Michigan's vibrant Central Business District, offers a unique leasing opportunity. Situated on the corner of Ionia and Fountain, this prominent location provides excellent visibility and accessibility. The building boasts a total of 37,590 square feet, with a significant amount of space currently vacant (25,420 sq ft). The flexible floor plan allows for various configurations, accommodating businesses seeking spaces ranging from 2,420 square feet to a maximum contiguous space of 12,604 square feet. Multiple tenancy options are available, making it ideal for companies of all sizes. The building has recently undergone a complete renovation on the upper floors (6th, 5th, and 4th), ensuring modern and updated amenities for tenants. The first, second, and third floors are currently available for lease. This prime location in Kent County, with a 49503 zip code, offers easy access to major transportation routes and a wealth of amenities. The building's impressive features and strategic location make it an ideal choice for businesses seeking a prestigious and functional workspace in the heart of Grand Rapids. Contact us today to schedule a viewing and explore the possibilities.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $7,858,410
    Hospitality
    $7,198,262
    Educational
    $5,988,869
    Medical
    $6,194,836
    Retail
    $9,316,019
89 Ionia Ave, Grand Rapids, Michigan

Location Insight

City
Grand Rapids
County
Kent
State
Michigan
Latitude
42.9653
Longitude
-85.6693
CBSA code
24340
CBSA name
GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2021
$59,901
-
-
$1,932,300
-
-
-
$3,864,600

FAQs

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