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Office Space Sublease Opportunity
For Lease
$9 SF/Yr

435 Ionia Avenue Southwest, Grand Rapids, MI 49503

Sublease office space available through January 31, 2027.

Space SizeContact for details
Days on Market150

Property Features for 435 Ionia Avenue Southwest

General Information

Standard status Active
Property subtype Office
Listing Agency:
Listed By: Nate Scherpenisse
Source: Cbre
Added: Mar 25 Changed: Aug 9 Last Checked: Aug 20 at 1:02PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Nate Scherpenisse

Investment Insights

Based on property information with market context.

This property offers a sublease opportunity for office space on the 3rd floor. The sublease is available through January 31, 2027. The property provides 9,815 square feet of space.

Key Highlights

  • Sublease opportunity for office space.
  • Located on the 3rd floor.
  • Sublease term through 1/31/2027.

Property Analytics

Current Use

OMG Hot Sauce Big Box & Wholesale Store Love's Ice Cream ... Grocery & Convenience Store Sushi Market Restaurant Du Jour Fine ... Take-out & Catering Rakthai Restaurant

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Barber Shop Veterinary Clinic Storage Facility Auto Parts Store Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$1.35 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,480
Businesses Nearby

Demographics for 49503, MI

39,344
Population
19,017
Households
2.1
Avg Household Size
30
Median Age
44%
College-Educated
88%
High-School Grad
7.3 sq mi
ZIP Area
5,390
Density / Sq Mi
$61,734
Median Household Income
$36,694
Median Earnings
$1,207
Median Rent
$224,100
Median Home Value

Market

Lease Benchmarks for Grand Rapids, MI

$17.51 /SF/Yr
Avg Asking Price
$4–$36 /SF/Yr
Price Range
14,288 SF
Avg Space Size

This space is priced 49% below the average of $17.51 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Sublease office space available through January 31, 2027.
Where is this office units located?
The property is located at 435 Ionia Avenue Southwest Grand Rapids, MI.
What is the lease rate?
The lease rate is $9 SF/Yr.
What are key features of this property?
This property features: Sublease opportunity for office space.; Located on the 3rd floor.; Sublease term through 1/31/2027.
More about this property
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