25 Sheldon Avenue SE, Grand Rapids, MI 49503
- Added:
- Dec 4, 2025
- Days on Market:
- 190
- Last Refresh:
- Jun 12 at 1:06 pm
Property Features for 25 Sheldon Avenue SE
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Bathrooms
- 10
- Rooms
- Bathroom 4, Bathroom 3, Bathroom 10, Bathroom 5, Bathroom 6, Bathroom 1, Basement, Bathroom 9, Bathroom 2, Bathroom 7, Bathroom 8
- Parking
- 20
- Standard status
- Pending
- APN
- 41-14-30-301-007
- Size
- 48,211 SF
- Lot size
- 0.65 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 411430301007 LOTS 2, 3 & 6 BLK 16 ALSO E 6 INCHES OF N 60 FT OF LOT 7 BLK 16 ALSO S 85 FT OF LOT 7 BLK 16 ALSO S 85 FT
Utilities
- Heating system
- Steam, Heat Pump (Heating)
- Cooling system
- Central Air
- Water source
- Private
Building Details
- Year built
- 1921
- Floors in Building
- 5
- Number of units
- 1
- Building materials
- Brick
- Roof type
- Rubber
Listing agent Roger Ackerman License #6501295615 (810) 423-9296
Listing office Keller Williams GR North 3237 Platinum St NE, Grand Rapids, MI (616) 447-9100
Listing date Dec 4, 2025
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime downtown Grand Rapids location with high walkability, near major attractions.
- Substantial 48,211 SF building with historic architecture and modern upgrades (renovated 2016).
- Versatile layout suitable for hospitality, entertainment, mixed‑use redevelopment, or large‑scale institutional use.
- Unique features including a historic ballroom and a full basketball court.
- Includes off‑street parking and a prominent entrance on Sheldon Avenue, offering high visibility and accessibility.
- Adaptable for diverse uses beyond hospitality, such as nonprofit services, education, wellness, creative studios, and recreation.
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $775.2k | $16.08 |
| − Vacancy | −$174.4k | −$3.62 |
| EGI | $600.8k | $12.46 |
| − OpEx | −$150.2k | −$3.12 |
| NOI | $450.6k | $9.35 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Grand Rapids
- County
- Kent
- State
- Michigan
- Longitude
- -85.66722
- Latitude
- 42.962384
