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    150 Ottawa Ave Grand Rapids, MI 49503

    Sponsored
    For Lease
    $20 SF/Yr

    2,532 SF, Class A, High Visibility

    Lot size:
    280,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    The Warner Building offers a remarkable 2,532 square foot executive office suite in Grand Rapids' Central Business District. Located in a prestigious Class A building constructed in 2019, this space boasts exceptional street-level visibility and a private entrance at the corner of Lyon and Ionia. The suite is part of a larger 280,000 square foot, 15-story building, situated on a 0.66-acre lot and zoned CC. Benefit from abundant natural light through full windows. This multi-tenant building enjoys a prime location, connected to the Hyatt Place Hotel and the popular Tupelo Honey restaurant, ensuring high foot traffic and convenient amenities. The Warner Building is home to notable tenants including Warner, Norcross & Judd LLP and Huntington Bank, reflecting its high-quality and desirable location. This exceptional opportunity provides immediate occupancy for a discerning business seeking a prominent address in the heart of Grand Rapids' vibrant business district. The property features a single building with multiple tenants. Kent County's zoning regulations (CC) apply.

    Property Features for 150 Ottawa Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    280,000 SF
    Class
    A
    Total Rate
    466666.67

    Building Details

    Year Built
    2019
    Buildings
    1
    Stories
    15

    Unit(s) available at that property

    Space
    Suite A
    Size
    2,532 SF
    Rate per SF
    $20

    HighLights

    • Class A, 280,000 square foot, 15‑story office and retail building in Grand Rapids' Central Business District.
    • One available suite totaling 2,532 square feet.
    • Located in Kent County, on a 0.66‑acre lot with CC zoning.
    • Built in 2019, featuring a single building with multiple tenants.
    • Excellent street visibility and private entrance.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hall William W Attorney Warner Norcross & Judd ... Attorney Huntington Bank ATM ... Atm Huntington Bank Bank Huntington Private Bank Financial Consultant

    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
    -85.6695738
    Latitude
    42.9670032

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    FAQs

    What type of property is this?
    Office Property / Space - 2,532 SF, Class A, High Visibility
    Where is this office property / space located?
    The property is located at 150 Ottawa Ave Grand Rapids, MI.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: Class A, 280,000 square foot, 15-story office and retail building in Grand Rapids' Central Business District.; One available suite totaling 2,532 square feet.; Located in Kent County, on a 0.66-acre lot with CC zoning.
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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
    150 Ottawa Ave Grand Rapids, MI 49503
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