55 Ionia NW Ave 1205, Grand Rapids, MI 49503-3006
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.
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The Morton Apartment Complex
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Morton Hotel Hotel & Motel
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55 Ionia Partners LLC Advertising Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2021Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
TN-CC · Grand Rapids, MIGrand Rapids. Always verify with local authorities before improvements.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.