Property summary
This exceptional office space at 120 Ionia Ave SW in Grand Rapids, Michigan offers a unique opportunity to establish your business in the heart of the city's vibrant entertainment district. Located in Kent County, this historic building, constructed in 1920, boasts a total of 40,000 square feet, with multiple tenancy options available. Currently, there are 9,826 square feet of vacant space ready for immediate occupancy. Individual suites range from a minimum of 4,500 square feet to a maximum contiguous space of 5,326 square feet, providing flexibility for businesses of various sizes. The building's prime location places it directly across from Studio Park, a dynamic complex featuring a movie theater, event venue, retail shops, a hotel, residential units, and ample outdoor space. This central location offers unparalleled access to a wide array of restaurants, bars, and eateries, creating a convenient and lively environment for employees and clients alike. Avoid the delays and disruptions associated with new construction and benefit from the immediate availability of these move-in ready, affordable office suites. The property is classified as both Traditional and Executive Office space, catering to a diverse range of business needs. The zip code is 49503.
Property profile
VerifiedCap rate & NOI
Current use
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Law Firm
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Law Firm
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Law Firm
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Hotel & Motel Resort
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Law Firm
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2021Property description
Physical attributes from public recordsZoning & alternative use
TN-CC · Grand Rapids, MIZoning
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Zoning designation
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The district profile from the municipal source: what is on file for TN-CC in Grand Rapids, MI.
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