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    89 Ionia Ave Grand Rapids, MI 49503

    Sponsored
    For Lease
    $7 SF/Yr

    Prime Downtown Office, Flexible Suites

    Lot size:
    37,590 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    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 Features for 89 Ionia Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    37,590 SF
    Total Rate
    21927.5

    Unit(s) available at that property

    Space
    200+300
    Size
    12,604 SF
    Rate per SF
    $21
    Space
    Lower Level
    Size
    6,302 SF
    Rate per SF
    $7
    Space
    Suite 110
    Size
    4,436 SF
    Rate per SF
    $21
    Space
    Suite 120
    Size
    2,420 SF
    Rate per SF
    $21
    Space
    Suite 300
    Size
    6,131 SF
    Rate per SF
    $21
    Space
    Suite 200
    Size
    6,131 SF
    Rate per SF
    $21

    HighLights

    • Prime Grand Rapids CBD location.
    • Excellent walkability to diverse amenities.
    • Direct elevator access for single‑floor tenants.
    • Modernized common areas and restrooms.
    • Strong investment opportunity, suitable for owner‑occupancy.
    • Near major entertainment and cultural venues.
    Property Profile Location Intelligence

    Current Use by Public Records

    Kanazeh Julienee Y Lawyer Beers Lafayette Insurance Attorney Trust Building Legal ... Legal Services Retirement Wealth Advisors Financial Planner FormulaFolios Financial Institution

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.6694417
    Latitude
    42.9652924

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Downtown Office, Flexible Suites
    Where is this office property / space located?
    The property is located at 89 Ionia Ave Grand Rapids, MI.
    What is the lease rate?
    The lease rate is $7-$21 SF/Yr.
    What are key features of this property?
    This property features: Prime Grand Rapids CBD location.; Excellent walkability to diverse amenities.; Direct elevator access for single-floor tenants.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    89 Ionia Ave Grand Rapids, MI 49503
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