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Restored Loft Office Units
For Lease
$27 SF/Yr

37 Ottawa Ave NW, Grand Rapids, MI 49503

Flexible downtown office suites combine historic character with contemporary building systems and technology.

Space SizeContact for details
Days on Market100

Property Features for 37 Ottawa Ave NW

General Information

Standard status Active
Class A
Property subtype Office
Zoning CC
Lease Type NNN

Space & Availability

Divisible Yes
Space Use Office

Building Details

Year Built 1887
Year Renovated 2019
Construction brick & beam

Spaces For Lease

at 37 Ottawa Ave NW
Available Space $27/Mo
Contact us
Listing Agency: CWD Real Estate Investment
Listed By: Max Lambert
Source: Carwm.resimplifi
Added: Jul 8 Changed: Oct 3 Last Checked: Oct 14 at 7:42PM

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 CWD Real Estate Investment

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Investment Insights

Based on property information with market context.

37 Ottawa Ave NW is a restored office property offering modern loft-style workspace within a historic building. Originally completed in 1887, the property reopened in 2019 following an extensive restoration. Interior features include exposed brick, timber beams, tall ceilings, large windows, and open floor plates that can accommodate full-floor, partial-floor, or smaller office configurations. The property contains approximately 100,027 square feet and is zoned CC.

The building sits in downtown Grand Rapids near Van Andel Arena and 20 Monroe Live, placing office users within the city’s central business district. Trellis and Barrio occupy ground-floor space, adding established commercial activity within the property. The restoration combines retained historic elements with updated mechanical systems and contemporary technology.

Key Highlights

  • Approximately 100,027 square feet of office space
  • Historic building completed in 1887 and reopened after restoration in 2019
  • Open floor plates support full‑floor, partial‑floor, and smaller office configurations

Property Analytics

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Current Use

Curo Cleaning Services General Contractor Grand Angels Financial Advisor Korte & Kowatch Accounting Firm Trellis Furniture & Home Goods Deloitte Business Management Consultant

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Carpet & Flooring Store Barber Shop Veterinary Clinic Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$4.05 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

7,314
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Grand Rapids, MI

$17.56 /SF/Yr
Avg Asking Price
$1.46–$50 /SF/Yr
Price Range
31,010 SF
Avg Space Size

This space is priced 54% above the average of $17.56 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

Frequently Asked Questions

What type of property is this?
Office units - Flexible downtown office suites combine historic character with contemporary building systems and technology.
Where is this office units located?
The property is located at 37 Ottawa Ave NW Grand Rapids, MI.
What is the lease rate?
The lease rate is $27 SF/Yr.
What are key features of this property?
This property features: Approximately 100,027 square feet of office space; Historic building completed in 1887 and reopened after restoration in 2019; Open floor plates support full‑floor, partial‑floor, and smaller office configurations
More about this property
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