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    Property profile & analytics
    OFF-MARKET Estimated value $3,365,000
    Commercial real estate

    89 Ionia NW Ave, Grand Rapids, MI 49503-3034

    37,590 SF 0.14 ac lot Built 1916
    Entity Owned 11-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US43-0512085
    Property summary
    AI-generated overview

    This exceptional office building, located at 89 Ionia Ave NW in Grand Rapids, Michigan's vibrant Central Business District, offers a unique leasing opportunity. Situated on the corner of Ionia and Fountain, this prominent location provides excellent visibility and accessibility. The building boasts a total of 37,590 square feet, with a significant amount of space currently vacant (25,420 sq ft). The flexible floor plan allows for various configurations, accommodating businesses seeking spaces ranging from 2,420 square feet to a maximum contiguous space of 12,604 square feet. Multiple tenancy options are available, making it ideal for companies of all sizes. The building has recently undergone a complete renovation on the upper floors (6th, 5th, and 4th), ensuring modern and updated amenities for tenants. The first, second, and third floors are currently available for lease. This prime location in Kent County, with a 49503 zip code, offers easy access to major transportation routes and a wealth of amenities. The building's impressive features and strategic location make it an ideal choice for businesses seeking a prestigious and functional workspace in the heart of Grand Rapids. Contact us today to schedule a viewing and explore the possibilities.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1916
    Total area 37,590 SF
    Lot 0.14 ac (6,316 SF)
    Zoning code TN-CC
    APN 41-13-25-286-009
    UPID US43-0512085
    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
    • Kanazeh Julienee Y Law Firm
    • Beers Lafayette Law Firm Insurance Agency
    • Trust Building Legal Services Law Firm
    • Retirement Wealth Advisors Financial Advisor
    • FormulaFolios Bank Credit Union
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $3.37M
    Blend (final) Blend
    $3.37M
    Owner & transaction history
    89 Ionia Partners LLC · 11 yrs held
    89 Ionia Partners LLC
    since 2014
    7 recorded transactions
    2016
    2015
    2014
    2012
    2010
    $191,413
    1969
    1969
    Zoning & alternative use
    TN-CC · Grand Rapids, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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