55 Ionia AveGrand Rapids, MI 49503

  • Commercial real estate
  • 2,125 SF
For Lease
$10/SF/YR View listing

Property Details for 55 Ionia Ave

Year built
1923
Property size (Sq ft)
2,125 SF
Zone code
TN-CC
Property type
Commercial real estate
APN
41-13-25-286-023
APU
411325286023

Description

The Morton, a stunning Class A mixed-use building at 55 Ionia Ave NW in Grand Rapids, MI, 49503, offers 34,357 square feet of vacant retail space. This single, beautifully renovated (2015) building boasts a prime downtown location in Kent County, surrounded by thriving businesses including Class A offices, restaurants, hotels, and other retailers, such as the new Gazelle Sports. Seven spaces are available, ranging from a minimum of 2,113 square feet to a maximum contiguous space of 9,441 square feet. The building's historic character is complemented by modern amenities, including high ceilings and large windows, creating a unique and impressive environment. Ideal for businesses seeking a prestigious address in the heart of Grand Rapids' central business district (CBD). This exceptional property presents a rare opportunity to establish a presence in one of the city's most desirable locations. The building's mixed-use nature, incorporating luxury condos, apartments, and a boutique hotel, ensures a vibrant and active atmosphere. The property's location provides excellent visibility and accessibility, making it an attractive option for a variety of retail businesses. Don't miss this chance to secure your space in this iconic Grand Rapids landmark.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $444,244
    Hospitality
    $406,925
    Educational
    $338,557
    Medical
    $350,200
    Retail
    $526,644
55 Ionia Ave, Grand Rapids, Michigan

Location Insight

City
Grand Rapids
County
Kent
State
Michigan
Latitude
42.9649
Longitude
-85.6692
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
$2,442
-
-
$83,500
-
-
-
$167,000

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