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    300 Ottawa Ave Grand Rapids, MI 49503

    Sponsored
    For Lease
    $24 SF/Yr

    Prime Downtown Office, 9 Suites Available

    Lot size:
    88,282 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional eight-story, 88,282 square foot traditional office building, located at 300 Ottawa Ave NW in Grand Rapids, Michigan, presents a unique opportunity for businesses seeking flexible space in a vibrant downtown location. Built in 1967 and extensively renovated in 2016, the property boasts nine individual suites, offering a minimum divisible space of 1,533 square feet and a maximum contiguous space of 12,300 square feet. Currently, 52,583 square feet of space is available for lease. The building features convenient amenities including elevators and ample parking, catering to the needs of multiple tenants. Its prime location adjacent to Calder Plaza provides unparalleled access to government buildings, renowned restaurants, diverse entertainment options, and prominent hotels, all within walking distance. The building's inviting common areas and exceptional highway access further enhance its appeal, creating a conducive and convenient environment for businesses of all sizes. The property is situated in Kent County, Michigan, with a zip code of 49503. This is an ideal location for businesses seeking a prestigious address and easy access to all that Grand Rapids has to offer.

    Property Features for 300 Ottawa Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    88,282 SF
    Total Rate
    176564

    Building Details

    Year Built/Renovated
    1967/2016
    Stories
    8

    Unit(s) available at that property

    Space
    Suite 150
    Size
    2,829 SF
    Rate per SF
    $24
    Space
    4th Floor
    Size
    11,968 SF
    Rate per SF
    $24
    Space
    Suite 501
    Size
    3,494 SF
    Rate per SF
    $24
    Space
    Suite 600
    Size
    5,728 SF
    Rate per SF
    $24
    Space
    Suite 610
    Size
    2,637 SF
    Rate per SF
    $24
    Space
    Suite 250
    Size
    1,533 SF
    Rate per SF
    $24
    Space
    Suite 800
    Size
    8,843 SF
    Rate per SF
    $24
    Space
    7th Floor
    Size
    12,300 SF
    Rate per SF
    $24
    Space
    Suite 300
    Size
    3,251 SF
    Rate per SF
    $24

    HighLights

    • 8‑story, 88,282 SF Class A office building in Grand Rapids, MI's Central Business District.
    • 52,583 SF currently available for lease, divisible to 1,533 SF minimum.
    • Extensive 2016 renovation; amenities include elevators and ample on‑site parking.
    • Prime location near Calder Plaza, offering walkability to restaurants, entertainment, government buildings, and hotels.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lund Eric C Legal Services West Michigan Sports ... Non-Profit Organization Willey & Chamberlain LLP Law Firm Michigan Sports Alliance Non-Profit Organization Gallagher Insurance, Risk ... Insurance Broker

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Law Firm Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.6695416
    Latitude
    42.9691759

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Downtown Office, 9 Suites Available
    Where is this office property / space located?
    The property is located at 300 Ottawa Ave Grand Rapids, MI.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: 8-story, 88,282 SF Class A office building in Grand Rapids, MI's Central Business District.; 52,583 SF currently available for lease, divisible to 1,533 SF minimum.; Extensive 2016 renovation; amenities include elevators and ample on-site parking.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    300 Ottawa Ave Grand Rapids, MI 49503
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