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Grand Rapids Downtown Market 435 Ionia Ave SW 1,667 - 5,427 SF of Office Space Available in Grand Rapids, MI 49503
HIGHLIGHTS
- Easy access to US-131.
- Located in 20 vendor public market.
- Discounted meeting and event spaces.
- Onsite and adjacent customer and visitor parking.
- Public events and onsite eateries.
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 2nd Floor, Ste 209 | 1,667 SF | Negotiable | $31.95 CAD/SF/YR $2.66 CAD/SF/MO $53,254 CAD/YR $4,438 CAD/MO | Plus All Utilities | ||
| 2nd Floor, Ste 210 | 3,760 SF | Negotiable | $31.95 CAD/SF/YR $2.66 CAD/SF/MO $120,116 CAD/YR $10,010 CAD/MO | Plus All Utilities |
2nd Floor, Ste 209
The second floor office space(s) are perfect for classroom settings, business users, and more. The office suites have their own private lobby entrance with access to the elevator. All office suites have open and flexible floorplans.
- Listed lease rate plus proportional share of utilities
- Fully Built-Out as Standard Office
- Mostly Open Floor Plan Layout
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 5,427 SF of adjacent space
- Natural Light
- Flexible floorplans.
2nd Floor, Ste 210
The second floor office space(s) are perfect for classroom settings, business users, and more. The office suites have their own private lobby entrance with access to the elevator. All office suites have open and flexible floorplans.
- Listed lease rate plus proportional share of utilities
- Can be combined with additional space(s) for up to 5,427 SF of adjacent space
- Reception Area
- Natural Light
- Flexible floor plan options.
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 5,427 SF | Gross Leasable Area | 106,870 SF |
| Property Type | Retail | Year Built | 2013 |
| Property Subtype | Freestanding | Parking Ratio | 1.93/1,000 SF |
| Total Space Available | 5,427 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 106,870 SF |
| Year Built | 2013 |
| Parking Ratio | 1.93/1,000 SF |
ABOUT THE PROPERTY
435 IONIA AVENUE SW Located on the south end of Grand Rapids Central Business District, the Grand Rapids Downtown Market is a vibrant mixed use facility with a twenty merchant public market featuring grocery and retail vendors on the first floor. A rooftop greenhouse is on the second floor with a variety of office suites on second and third floors.
- Bus Line
NEARBY MAJOR RETAILERS
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Grand Rapids Downtown Market | 435 Ionia Ave SW
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