56 Division Ave N - Office FOR SALE


Grand Rapids, MI 49503- Hillside
$12,000,000 USD
616-698-5000
56 Division Ave N, Grand Rapids, MI for Sale
$12,000,000 USD
Office - FOR SALE
1/6
null | Request Cap Rate

56 Division Ave N
Grand Rapids, MI 49503
Hillside


OVERVIEW

This landmark building, built in 1912 and formerly occupied by Keeler Brass Co., is located in the heart of Downtown Grand Rapids on the corner of Division and Fountain. This building holds immense investment potential featuring 7 stories, each approximately 24,000 SF. Space could be used for office, retail, hospitality, apartments, condos or mixed-use development. The property has parking spaces off an alley behind the building, with a basement level that could be developed into additional parking. Alternatively, the existing Ellis lot immediately adjacent to the building could potentially be developed into a parking ramp with Ellis participation.

FOR SALE DETAILS

PRICE

$12,000,000 USD

PRICE/SF

$71 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Keeler Building

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

7

BUILDING CLASS

B

YEAR BUILT

1912

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,155 SF

ZONING

Commercial

APN/PARCEL ID

41-14-30-155-001

ASK ABOUT THIS PROPERTY

Ty HallockFirst Companies Inc.More Info
616-698-5000

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Ty HallockFirst Companies Inc.More Info
616-698-5000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.