• 5540 Glenwood Hills Pkwy SE
  • 5540 Glenwood Hills Pkwy SE
  • +1 image 5540 Glenwood Hills Pkwy SE
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5540 Glenwood Hills Pkwy SE Listing Details & Market Data

Off-Market

5540 Glenwood Hills Pkwy SE, Grand Rapids, MI 49512

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  • Property Type Office - General Office
  • Property Size 39,426 SF
  • Lot Size 3.9 Acre
  • Parking Spaces Avail. 216
  • Parking Ratio 5.50/ 1,000 SF
  • Property Tenancy Owner Occupied
  • Building Class B
  • Year Built 1989

Location

  • City Grand Rapids, MI
  • Neighborhood Forest Hills
  • Zip Code 49512
  • Market Grand Rapids

Contacts

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Owner

  • True Owner

Tenants

Suite Name Tenant Leased
Space		 Rent Price Lease
Type		 Space
Type		 Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross		 General
Office		 11/01/2014-
N/A
370 17th Street
#6000		 Morrison & Foerster,
(303) 592-1500		 10,710 SF $26/SF/YR Full
Service		 General
Office		 08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Date 10 May, 2012
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Grand Rapids

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Grand Rapids Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $22.54
  • 2020 Office Vacancy Rate 11.83%
  • 2020 Office Completions (SF)

Tax

Find more tax info, including assessment history and abatements, on CommercialEdge