Great Opportunity in the Heart of Downtown Grand Rapids The Morton 55 Ionia, Avenue NW, Grand Rapids, Michigan 49503

PRESENTED BY Chris Prins Associate | Retail DIR 616 988 5832 MOB 616 389 5546 [email protected] The Morton 55 Ionia, Avenue NW, Grand Rapids, Michigan 49503

Overview

Great opportunity in the heart of downtown Grand Rapids. Main level retail space at the intersection of Monroe Center & Ionia Avenue, all within walking distance of Van Andel Arena, JW Marriot, City Flats Hotel, Amway Grand Plaza & other attractions. Surrounding tenants include Jimmy John’s, Madcap Coffee, Freshii, Biggby Coffee, & many more. Great visibility, heavy foot traffic & street parking available. Free 60 minute parking within the Monroe Center parking ramp.

> Centrall located > Heavy foot traffic > Excellent visibility > Free parking within walking distance > Diverse neighboring tenants

DEMOGRAPHICS

Population Average HH Income Average Age 1 Mile: 17,298 $43,221 28 3 Miles: 146,326 $50,042 29 5 Miles: 264,605 $57,389 31 DeVos Place & Performance Hall Calder Plaza

JW Amway Grand Plaza Hotel Ruth’s Chris Marriott Steakhouse Starbucks Biggby Coffee Freshii MadCap Panera Rosa Parks Coffee Plaza Tower & Bread Circle Courtyard by 55 Marriott Monroe Ave NW Ionia FREE 1 HOUR PARKING Jimmy Johns Ionia Ave NW Van Andel Arena Buffalo Wild Wings Fulton St E Hop Cat

Division Ave S

AVAILABLE RETAIL SUITES Lease Type & Total Suite Rentable SF Rate/SF/Year Monthly Base Rent CAM Estimate Monthly Rent 1st & 2nd Mezzanine 9,263 $14.00 $10,807 Modified Gross $10,807.00 First Floor Corner 4,370 $20.00 $7,283 $4.30/SF $8,849.25 First Floor Ionia North 2,130 $18.00 $3,195 $4.30/SF $3,988.25 Lower Level 10,235 $12.00 $10,235 Modified Gross $10,235.00 Available Retail Suites

1st & 2nd Mezzanine

First Floor Ionia North

First Floor Corner Monroe Center Avenue Center Monroe

Ionia Avenue West Michigan Overview

West Michigan is home to over 1.5 million people and encompasses the 7 counties of Kent, Ottawa, Muskegon, Allegan, Ionia, Barry, and Newaygo. Throughout history, the area has been known primarily for its diverse manufacturing base and highly skilled labor, with its major industries centering on furniture manufacturing and tool and die. As the area progresses into the 21st century, health care has emerged as the major economic driver.

Within the past few years, over $1.25 billion has been invested in real estate in the downtown Grand Rapids area alone, all of which is attributed to the increasing demand for state of the art health care and medical research facilities in the area. Major corporations throughout all sectors of the West Michigan economic base provide some of the largest employment figures in the nation. These corporations include Spectrum Health, Meijer, Mercy Health, Amway, Gentex, and Perrigo. The largest institute of higher learning is Grand Valley State University, with more than 25,000 students and 3,000 employees.

Building on its strong traditions of entrepreneurism, innovation, community involvement, civic pride, family orientation and a famous work ethic - West Michigan is thriving, vibrant and progressive.

The Morton 55 Ionia, Avenue NW, Grand Rapids, Michigan 49503

PRESENTED BY Chris Prins Associate | Retail DIR 616 988 5832 MOB 616 389 5546 [email protected]

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COLLIERS INTERNATIONAL | 333 BRIDGE STREET NW, SUITE 1200, GRAND RAPIDS, MI 49504 | 616 774 3500 | www.colliers.com/westmichigan

The information contained herein was obtained from sources believed to be reliable; however, Colliers International makes no guarantees, warranties or representation to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions prior to sale or lease, or withdrawal without notice. 051117