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    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    55 Ionia NW Ave 1205, Grand Rapids, MI 49503-3006

    2,125 SF Built 1923
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US43-4204772
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL CONDOMINUIM
    Year built 1923
    Total area 2,125 SF
    Zoning code TN-CC
    APN 41-13-25-286-023
    UPID US43-4204772
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • The Morton Apartment Complex
    • Morton Hotel Hotel & Motel
    • 55 Ionia Partners LLC Advertising Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
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    Blend (final) Blend
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    Owner & transaction history
    55 IONIA PARTNERS LLC
    55 IONIA PARTNERS LLC
    Zoning & alternative use
    TN-CC · Grand Rapids, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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