25 Ottawa AveGrand Rapids, MI 49503
- Commercial real estate
- 89,350 SF
Property Details for 25 Ottawa Ave
- Year built
- 1920
- Lot size
- 0.34 AC
- Property size (Sq ft)
- 89,350 SF
- Zone code
- TN-CC
- Property type
- Commercial real estate
- APN
- 41-13-25-426-002
- APU
- 411325426002
Description
This exceptional 8,608-square-foot Class A office space, located at 25 Ottawa Ave SW in Grand Rapids, Michigan, presents a unique sublease opportunity. Situated in the vibrant entertainment district, this property offers immediate occupancy until October 31, 2027. The space is part of a larger 97,781-square-foot building constructed in 1920 and situated on a 0.34-acre lot in Kent County. The building is classified as Class A and features a single building with multiple tenancies. The available space is fully furnished, including all furniture, fixtures, and equipment, providing a truly turnkey solution. Recent updates completed in June 2024 ensure a modern and efficient workspace. The prime location offers unparalleled convenience with direct skywalk access to the Van Andel Arena and the JW Marriott hotel. Parking is readily available via nearby parking ramps managed by the city's parking authority. This property is ideal for businesses seeking a prestigious, well-equipped, and centrally located office space in the heart of Grand Rapids. The property's diverse subtypes, including traditional office, executive office, coworking, and creative office spaces, make it suitable for a wide range of businesses. This is a rare opportunity to secure a fully furnished, move-in ready space in a highly desirable location.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $18,679,142
- Hospitality
- $17,109,994
- Educational
- $14,235,314
- Medical
- $14,724,888
- Retail
- $22,143,822
Location Insight
- City
- Grand Rapids
- County
- Kent
- State
- Michigan
- Latitude
- 42.9625
- Longitude
- -85.6727
- CBSA code
- 24340
- CBSA name
- GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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