For Sale
$8,900,000

111 Commerce Ave Grand Rapids, MI 49503

Grand Rapids Office Building: Redevelopment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional 108,654 square foot, Class A office building presents a compelling redevelopment opportunity. Located in Grand Rapids, Michigan's vibrant Entertainment District, this five-story brick and steel structure boasts significant visibility and is situated amongst high-credit tenants, new multi-family developments, restaurants, and hotels. Originally built in 1915, the building underwent a substantial renovation and expansion in 2006, resulting in modern amenities including in-floor heating, a snow melt system, and emergency standby generators. The property features large windows throughout, a finished lower level, and ample classroom space, including four 90-seat classrooms, two courtrooms, and twelve additional classrooms. The 1.45-acre lot is zoned commercial, offering flexibility for various uses. The asking price is $8,900,000. This is an owner/user investment opportunity in a rapidly growing area of downtown Grand Rapids, Kent County, MI, 49503. The address is 111 Commerce Ave SW.

Highlights

  • Excellent redevelopment opportunity.
  • Abundant natural light with large windows throughout.
  • Prime location in the Entertainment District.
  • Five-story brick and steel building.
  • High visibility.
  • In-floor radiant heating.

Property Details for 111 Commerce Ave

Property type
Office properties
Square Feet
108,654 SF
Class
A
Year Built/Renovated
1915/2006
Buildings
1
Stories
5
Lot Size (sq. ft)
63,162 SF

Location Insight

City
Grand Rapids
County
Kent
State
Michigan
Latitude
42.9606252
Longitude
-85.6694133
111 Commerce Ave, Grand Rapids, Michigan

FAQs

What type of property is this?
Office property - Grand Rapids Office Building: Redevelopment Opportunity
Where is the office property located?
The property is located at 111 Commerce Ave Grand Rapids, MI.
What is the asking price?
The asking price for this property is $8,900,000.
What are key features of this property?
This property features: Excellent redevelopment opportunity.; Abundant natural light with large windows throughout.; Prime location in the Entertainment District.
How can I contact the broker?
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111 Commerce Ave
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