64/70 Ionia Ave Grand Rapids, MI 49503
Sponsored
Downtown Grand Rapids investment opportunity: high occupancy, strong NOI.
Property size:
61,839 SFDescription
- Added:
- Dec 11, 2024
- Days on Market:
- 392
Property Features for 64/70 Ionia Ave
General Information
- Property type
- Mixed-use properties
- Square Feet
- 61,839 SF
- Class
- A
- Lot Size
- 15,028 SF
Building Details
- Year Built
- 1916
- Buildings
- 2
HighLights
- Fully leased, three‑tenant Class A building, totaling 61,839 square feet, with a 7.50% cap rate and $685,795 NOI.
- Across the street from the 12,500‑seat Van Andel Arena.
- Located in Grand Rapids' CBD, adjacent to the Studio Park development.
- Near the future 12,000‑seat Grand Rapids Amphitheater.
- Completely renovated interior and exterior within the last 15 years.
- Includes rights to 87 parking spaces.
Property Profile
Location Intelligence
Current Use by Public Records
Commercial real estate
Location Insight
- Map
- Local Demand
- City
- Grand Rapids
- County
- Kent
- State
- Michigan
- Longitude
- -85.6699198
- Latitude
- 42.9613976
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Downtown Grand Rapids investment opportunity: high occupancy, strong NOI.
Where is this mixed-use property located?
The property is located at 64/70 Ionia Ave Grand Rapids, MI.
What is the asking price?
The asking price for this property is $9,143,939.
What are key features of this property?
This property features: Fully leased, three-tenant Class A building, totaling 61,839 square feet, with a 7.50% cap rate and $685,795 NOI.; Across the street from the 12,500-seat Van Andel Arena.; Located in Grand Rapids' CBD, adjacent to the Studio Park development.
