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55 Ionia Ave NW - The Morton 25,782 - 28,210 SF Office Condo Units Offered at $3,144,468 - $4,258,563 CAD Per Unit in Grand Rapids, MI 49503
Executive Summary
The Morton Office – Three Story Commercial Office Condo For Sale The Morton Office Commercial Condo is a new offering for Sale on the popular Monroe Center Retail corridor in Downtown Grand Rapids. This property features a commercial condo located on the corner of Monroe Center and Ionia Ave that has a main floor entrance with grand two story arched windows. The 2nd and 3rd floors are finished in a modern commercial office design with a unique mix of an entry lounge, gathering area, open office, private office and conference rooms. This offering also could include a bank vault on the lower level which could be developed into an employee training room, lounge/break area and additional meeting spaces. This is a great opportunity to own your office condo instead of leasing in Downtown Grand Rapids. The Morton was redeveloped in 2015 into luxury condos, apartments, a boutique hotel, office space with ground floor entrance and lower-level room to expand. Monroe Center begins with Rosa Parks Circle, the Grand Rapids Art Museum, popular restaurants, Class A office buildings, hotels, and multiple retailers like Gazelle Sports and Shinola.
2 Units Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment |
| Sale Type | Investment |
Sale Notes
The Morton Office Commercial Condo is a new offering for Sale on the popular Monroe Center Retail corridor in Downtown Grand Rapids.
This property features a commercial condo located on the corner of Monroe Center and Ionia Ave that has a main floor entrance with grand
two story arched windows. The 2nd and 3rd floors are finished in a modern commercial office design with a unique mix of an entry lounge,
gathering area, open office, private office and conference rooms. This offering also could include a bank vault on the lower level which
could be developed into an employee training room, lounge/break area and additional meeting spaces. This is a great opportunity to own
your office condo instead of leasing in Downtown Grand Rapids. The Morton was redeveloped in 2015 into luxury condos, apartments, a
boutique hotel, office space with ground floor entrance and lower-level room to expand. Monroe Center begins with Rosa Parks Circle, the
Grand Rapids Art Museum, popular restaurants, Class A office buildings, hotels, and multiple retailers like Gazelle Sports and Shinola.
This property features a commercial condo located on the corner of Monroe Center and Ionia Ave that has a main floor entrance with grand
two story arched windows. The 2nd and 3rd floors are finished in a modern commercial office design with a unique mix of an entry lounge,
gathering area, open office, private office and conference rooms. This offering also could include a bank vault on the lower level which
could be developed into an employee training room, lounge/break area and additional meeting spaces. This is a great opportunity to own
your office condo instead of leasing in Downtown Grand Rapids. The Morton was redeveloped in 2015 into luxury condos, apartments, a
boutique hotel, office space with ground floor entrance and lower-level room to expand. Monroe Center begins with Rosa Parks Circle, the
Grand Rapids Art Museum, popular restaurants, Class A office buildings, hotels, and multiple retailers like Gazelle Sports and Shinola.
| Sale Type | Investment | APN/Parcel ID | 411325286024 |
| Sale Type | Investment |
| APN/Parcel ID | 411325286024 |
Description
The 2nd and 3rd floors are finished in a modern commercial office design with a unique mix of an entry lounge, gathering area, open office, private office and conference rooms.
Sale Notes
The Morton Office Commercial Condo is a new offering for Sale on the popular Monroe Center Retail corridor in Downtown Grand Rapids.
This property features a commercial condo located on the corner of Monroe Center and Ionia Ave that has a main floor entrance with grand
two story arched windows. The 2nd and 3rd floors are finished in a modern commercial office design with a unique mix of an entry lounge,
gathering area, open office, private office and conference rooms. This offering also could include a bank vault on the lower level which
could be developed into an employee training room, lounge/break area and additional meeting spaces. This is a great opportunity to own
your office condo instead of leasing in Downtown Grand Rapids. The Morton was redeveloped in 2015 into luxury condos, apartments, a
boutique hotel, office space with ground floor entrance and lower-level room to expand. Monroe Center begins with Rosa Parks Circle, the
Grand Rapids Art Museum, popular restaurants, Class A office buildings, hotels, and multiple retailers like Gazelle Sports and Shinola.
Legal Address is 55 Ionia Ave NW, Grand Rapids, MI 49503
This property features a commercial condo located on the corner of Monroe Center and Ionia Ave that has a main floor entrance with grand
two story arched windows. The 2nd and 3rd floors are finished in a modern commercial office design with a unique mix of an entry lounge,
gathering area, open office, private office and conference rooms. This offering also could include a bank vault on the lower level which
could be developed into an employee training room, lounge/break area and additional meeting spaces. This is a great opportunity to own
your office condo instead of leasing in Downtown Grand Rapids. The Morton was redeveloped in 2015 into luxury condos, apartments, a
boutique hotel, office space with ground floor entrance and lower-level room to expand. Monroe Center begins with Rosa Parks Circle, the
Grand Rapids Art Museum, popular restaurants, Class A office buildings, hotels, and multiple retailers like Gazelle Sports and Shinola.
Legal Address is 55 Ionia Ave NW, Grand Rapids, MI 49503
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 2nd/3rd | 28,210 SF | Office | $3,144,468 CAD ($111.47 CAD/SF) | - |
| Unit The Morton Office – | 25,782 SF | Office | $4,258,563 CAD ($165.18 CAD/SF) | - |
Unit 2nd/3rd
| Unit Size |
| 28,210 SF |
| Condo Use |
| Office |
| Price |
| $3,144,468 CAD ($111.47 CAD/SF) |
| NOI |
| - |
Unit The Morton Office –
| Unit Size |
| 25,782 SF |
| Condo Use |
| Office |
| Price |
| $4,258,563 CAD ($165.18 CAD/SF) |
| NOI |
| - |
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Unit 2nd/3rd
| Unit Size | 28,210 SF |
| Condo Use | Office |
| Price | $3,144,468 CAD ($111.47 CAD/SF) |
| NOI | - |
| Sale Type | Investment |
| Sale Notes | |
| The Morton Office Commercial Condo is a new offering for Sale on the popular Monroe Center Retail corridor in Downtown Grand Rapids.<br> This property features a commercial condo located on the corner of Monroe Center and Ionia Ave that has a main floor entrance with grand<br> two story arched windows. The 2nd and 3rd floors are finished in a modern commercial office design with a unique mix of an entry lounge,<br> gathering area, open office, private office and conference rooms. This offering also could include a bank vault on the lower level which<br> could be developed into an employee training room, lounge/break area and additional meeting spaces. This is a great opportunity to own<br> your office condo instead of leasing in Downtown Grand Rapids. The Morton was redeveloped in 2015 into luxury condos, apartments, a<br> boutique hotel, office space with ground floor entrance and lower-level room to expand. Monroe Center begins with Rosa Parks Circle, the<br> Grand Rapids Art Museum, popular restaurants, Class A office buildings, hotels, and multiple retailers like Gazelle Sports and Shinola.</li></ul> |
1 of 0
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit The Morton Office –
| Unit Size | 25,782 SF |
| Condo Use | Office |
| Price | $4,258,563 CAD ($165.18 CAD/SF) |
| NOI | - |
| Sale Type | Investment |
| APN/Parcel ID | 411325286024 |
| Description | |
| The 2nd and 3rd floors are finished in a modern commercial office design with a unique mix of an entry lounge, gathering area, open office, private office and conference rooms.</li></ul> | |
| Sale Notes | |
| The Morton Office Commercial Condo is a new offering for Sale on the popular Monroe Center Retail corridor in Downtown Grand Rapids. <br> This property features a commercial condo located on the corner of Monroe Center and Ionia Ave that has a main floor entrance with grand <br> two story arched windows. The 2nd and 3rd floors are finished in a modern commercial office design with a unique mix of an entry lounge, <br> gathering area, open office, private office and conference rooms. This offering also could include a bank vault on the lower level which <br> could be developed into an employee training room, lounge/break area and additional meeting spaces. This is a great opportunity to own <br> your office condo instead of leasing in Downtown Grand Rapids. The Morton was redeveloped in 2015 into luxury condos, apartments, a <br> boutique hotel, office space with ground floor entrance and lower-level room to expand. Monroe Center begins with Rosa Parks Circle, the <br> Grand Rapids Art Museum, popular restaurants, Class A office buildings, hotels, and multiple retailers like Gazelle Sports and Shinola.<br> Legal Address is 55 Ionia Ave NW, Grand Rapids, MI 49503</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 183,375 SF | Floors | 13 |
| Property Type | Multifamily | Typical Floor Size | 14,105 SF |
| Property Subtype | Apartment | Year Built | 1923 |
| Building Class | C | Lot Size | 0.36 AC |
| Zoning | C-3A - Commercial | ||
| Total Building Size | 183,375 SF |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 13 |
| Typical Floor Size | 14,105 SF |
| Year Built | 1923 |
| Lot Size | 0.36 AC |
| Zoning | C-3A - Commercial |
Amenities
Site Amenities
- Courtyard
- Fitness Center
- Property Manager on Site
- Dry Cleaning Service
- Package Service
- Bicycle Storage
- Elevator
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 12 | - | 472 |
| 1+1 | 48 | - | 609 - 690 |
| 2+2 | 11 | - | 899 - 2,117 |
Moderately walkable
70/100
Exceptionally drivable
90/100
Good public transit
70/100
Moderately bikeable
60/100
Contacts
-
Doug Taatjes -
Hillary Taatjes Woznick -
Todd Leinberger -
NAI Wisinski of West Michigan
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Videos
Matterport 3D Exterior
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Street
Map
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55 Ionia Ave NW - The Morton
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