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    200 Ottawa Ave Grand Rapids, MI 49503

    For Lease
    $24 SF/Yr

    Prime Downtown Office, Multiple Suites

    Lot size:
    139,120 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 10-story, 139,120 square foot Class A office building at 200 Ottawa Ave NW in Grand Rapids, Michigan, presents a unique opportunity. Built in 1950, the property offers multiple tenancy options, with a minimum divisible space of 4,432 square feet and a maximum contiguous space of 29,694 square feet. Currently, 34,126 square feet are vacant, spread across three available suites, providing flexibility for businesses of various sizes. The building is conveniently located in the heart of Grand Rapids, offering easy access to major transportation routes and popular local attractions. Amenities include on-site covered parking and a convenient on-site cafe, enhancing the professional environment for tenants. The building features elevators for convenient access to all floors. Situated in Kent County, with a zip code of 49503, this property provides a prestigious address and a strategic location for businesses seeking a thriving and accessible environment. The building's traditional office design offers a classic and sophisticated workspace. This is an ideal opportunity for businesses seeking a prominent location in a vibrant city.

    Property Features for 200 Ottawa Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    139,120 SF
    Total Rate
    278240

    Building Details

    Year Built
    1950
    Stories
    10

    Unit(s) available at that property

    Space
    3rd Floor
    Size
    14,847 SF
    Rate per SF
    $24
    Space
    2nd Floor
    Size
    14,847 SF
    Rate per SF
    $24
    Space
    Suite 650
    Size
    4,432 SF
    Rate per SF
    $24

    HighLights

    • Modern amenities and high‑quality infrastructure.
    • Ample parking available.
    • Excellent location near numerous local attractions.
    Property Profile Location Intelligence

    Current Use by Public Records

    Express cafe Sandwich Shop Paul C. McDonagh, ... Criminal Justice Attorney CBRE Commercial Real Estate Agency Honigman LLP Legal Services FedEx Drop Box Mailing Service

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Law Firm Nail Salon Building Supply Auto Repair Shop 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
    -85.6697415
    Latitude
    42.9685359

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Downtown Office, Multiple Suites
    Where is this office property / space located?
    The property is located at 200 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: Modern amenities and high-quality infrastructure.; Ample parking available.; Excellent location near numerous local attractions.
    Request Owner's contact information
    200 Ottawa Ave Grand Rapids, MI 49503
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    Grand Rapids, MI 49503
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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
    200 Ottawa Ave Grand Rapids, MI 49503
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