Historic Office
233 Fulton Street E Suite 126, Grand Rapids, MI 49503
For Sale
Contact for pricing
Suite includes reception space, two executive offices, and one standard office.
Property Size852 SF
Price / SF$0.03
Days on Market52
Property Features for 233 Fulton Street E Suite 126
General Information
Standard status
Size
Elevators
Site & Location
Neighborhood
Utilities to Site
Amenities
Building Attendant service
Housekeeping services
Conference room space available for occasional use
Building Details
Year Built
Tenancy
Listing Agency:
Rogers Real Estate Group, Inc
(616) 915-6327
Listed By:
Dale L Rogers · License MI #6502391301
(616) 433-6868
Source:
Jimdehaan
Added: Sep 22
Changed: Nov 4
Last Checked: Nov 10 at 8:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Rogers Real Estate Group, Inc
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Investment Insights
Based on property information with market context.
Suite 126 provides 852 square feet of office space within a historic building constructed in 1915. The layout includes a reception area, two executive offices with large windows, one standard office, and tall ceilings. The property is located at 233 Fulton Street E in Grand Rapids, with office users positioned in the building’s established downtown setting.
Occupancy includes utilities other than phone and internet under a 3-year lease agreement. Property amenities include ample free parking, two main elevators, a freight elevator, building attendant service, housekeeping, and access to conference room space for occasional use. Interior circulation also includes a prominent staircase.
Occupancy includes utilities other than phone and internet under a 3-year lease agreement. Property amenities include ample free parking, two main elevators, a freight elevator, building attendant service, housekeeping, and access to conference room space for occasional use. Interior circulation also includes a prominent staircase.
Key Highlights
- 852 sqft Suite 126 at 233 Fulton Street E, Suite 126, Grand Rapids, MI 49503
- Reception area, 2 large executive offices, and 1 standard office
- Tall ceilings and large windows in the executive offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,963
Suggested Prices Based on Cap Rates
Cap Rate 5%
$159,260
$159.3K
Cap Rate 7%
$113,757
$113.8K
Cap Rate 9%
$88,478
$88.5K
Market Conditions
NOI Build-Up for 852 SF
Gross rent
$13.7K $16.08/SF
− Vacancy
−$3.1K −$3.62/SF
EGI
$10.6K $12.46/SF
− OpEx
−$2.7K −$3.12/SF
NOI
$8.0K $9.35/SF
Area
Grand Rapids, MI
Vacancy
22.50%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$159,260
Cap Rate 7%
$113,757
Cap Rate 9%
$88,478
Alternative Uses
Best Use
Office B
$113.8K
$99.5K – $132.7K
NOI $7,963 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$197.7K
$173.0K – $230.7K
NOI $13,841 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
7,743
Businesses Nearby
Explore this area
Business Placement
Demographics for 49503, MI
39,344
Population
19,017
Households
2.1
Avg Household Size
30
Median Age
44%
College-Educated
88%
High-School Grad
7.3 sq mi
ZIP Area
5,390
Density / Sq Mi
$61,734
Median Household Income
$36,694
Median Earnings
$1,207
Median Rent
$224,100
Median Home Value
Market
Average Price Trend$/SF for Office Units in Grand Rapids, MI
Properties on Market for Office Units in Grand Rapids
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Suite includes reception space, two executive offices, and one standard office.
Where is this office unit located?
The property is located at 233 Fulton Street E Suite 126 Grand Rapids, MI.
What are key features of this property?
This property features: 852 sqft Suite 126 at 233 Fulton Street E, Suite 126, Grand Rapids, MI 49503; Reception area, 2 large executive offices, and 1 standard office; Tall ceilings and large windows in the executive offices
