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    125 Ottawa Ave Grand Rapids, MI 49503

    For Lease
    $19 SF/Yr

    Historic Office Space, Flexible Leasing

    Lot size:
    64,847 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    The Ledyard Office Suites, Grand Rapids' second-oldest building (1874), offers 64,847 square feet of prime traditional office space. This multi-tenant building boasts four suites, with flexible floor plans accommodating various business needs. Currently, 9,231 square feet are available, divisible to a minimum of 1,035 square feet and up to larger spaces of 4,258 square feet. The building's character and accessibility are unmatched, making it a highly desirable location. Its diverse tenant mix creates a vibrant and collaborative atmosphere. The building's rich history and central location within Grand Rapids provide an exceptional opportunity for businesses seeking a prestigious and functional workspace. The available space presents a unique chance to establish a presence in a landmark building with a proven track record. Interested parties are encouraged to inquire about the available suite sizes and lease terms to find the perfect fit for their business needs. This is a rare opportunity to secure office space in a historically significant and highly sought-after building in the heart of Grand Rapids.

    Property Features for 125 Ottawa Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    64,847 SF
    Total Rate
    105376.38

    Building Details

    Year Built
    1874

    Unit(s) available at that property

    Space
    Suite 300
    Size
    4,258 SF
    Rate per SF
    $21
    Space
    Suite 410
    Size
    1,035 SF
    Rate per SF
    $19
    Space
    Suite 420
    Size
    1,994 SF
    Rate per SF
    $24
    Space
    Suite 230
    Size
    1,944 SF
    Rate per SF
    $24

    HighLights

    • Traditional Office building totaling 64,847 square feet.
    • Multiple tenant occupancy.
    • Suites available ranging from 1,035 to 4,258 square feet.
    • Currently 9,231 square feet of vacant space available.
    • Built in 1874.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Right Place Non-Profit Organization The Atrium at Uccello's Event Venue Hunter Law Offices, ... Estate Planning Attorney William I. Bereza, ... Attorney Henry L Guikema ... Attorney

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.6705368
    Latitude
    42.9661293

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    FAQs

    What type of property is this?
    Office Property / Space - Historic Office Space, Flexible Leasing
    Where is this office property / space located?
    The property is located at 125 Ottawa Ave Grand Rapids, MI.
    What is the lease rate?
    The lease rate is $19-$24 SF/Yr.
    What are key features of this property?
    This property features: Traditional Office building totaling 64,847 square feet.; Multiple tenant occupancy.; Suites available ranging from 1,035 to 4,258 square feet.
    Request Owner's contact information
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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
    125 Ottawa Ave Grand Rapids, MI 49503
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