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Downtown Market 435 Ionia Ave SW 5,000 - 9,815 SF of Office Space Available in Grand Rapids, MI 49503
SUBLEASE HIGHLIGHTS
- Gold LEED-certified building
- Modern open office environment.
- Located within the Michigan SmartZone.
- Sublease through 1/31/2027
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 3rd Floor | 5,000-9,815 SF | Jan 2027 | $9.00 /SF/YR $0.75 /SF/MO $88,335 /YR $7,361 /MO | Modified Gross |
3rd Floor
Position your business at the heart of Grand Rapids’ growth with this 9,815 square feet 3rd floor office space. Situated within the bustling Downtown Market, it offers immediate access to US-131 and public transit. Enjoy the convenience of working in a Gold LEED-certified building, located within the Michigan SmartZone, amid the city’s vibrant arts and entertainment scene. Suite was recently built-out, and offers a modern open office environment.
- Sublease space available from current tenant
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as Standard Office
- Mostly Open Floor Plan Layout
- 5 Conference Rooms
- Space is in Excellent Condition
- Central Air Conditioning
- Kitchen
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 | 9,815 SF | Gross Leasable Area | 106,870 SF |
| Min. Divisible | 5,000 SF | Year Built | 2013 |
| Property Type | Retail | Parking Ratio | 1.93/1,000 SF |
| Property Subtype | Freestanding |
| Total Space Available | 9,815 SF |
| Min. Divisible | 5,000 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 106,870 SF |
| Year Built | 2013 |
| Parking Ratio | 1.93/1,000 SF |
FEATURES AND AMENITIES
- Bus Line
NEARBY MAJOR RETAILERS
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Downtown Market | 435 Ionia Ave SW
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