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    25 Ottawa Ave Grand Rapids, MI 49503

    For Lease
    $25 SF/Yr

    Premium Downtown Office, Skywalk Access

    Lot size:
    97,781 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional Class A office space, totaling 4,832 square feet, presents a rare leasing opportunity in the heart of Grand Rapids, Michigan. Located at 25 Ottawa Ave SW, this property boasts a prime downtown location with unparalleled connectivity. The suite is uniquely situated directly on the third-floor skywalk connecting to the 12,500-seat Van Andel Arena, offering significant branding advantages. The building itself, constructed in 1920 and encompassing 97,781 square feet on a 0.34-acre lot (APN 41-13-25-426-002, Kent County), offers a multitude of amenities. These include an on-site restaurant and lounge, a fully equipped fitness center with locker rooms and showers, 24-hour security and surveillance, secure bike storage and repair facilities, and high-end finishes throughout. The building also features a fully equipped conference room with advanced technology, enhancing collaboration and productivity. This single-building property offers multiple tenancy options and is categorized as Executive Office, Coworking, and Creative Office space, making it suitable for a variety of businesses. The building's strategic location and extensive amenities create an ideal environment for businesses seeking a prestigious and convenient downtown address. This is a truly unique opportunity to secure exceptional office space in a landmark Grand Rapids building.

    Property Features for 25 Ottawa Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    97,781 SF
    Class
    A
    Total Rate
    207784.63

    Building Details

    Year Built
    1920
    Buildings
    1

    Unit(s) available at that property

    Space
    3rd Floor
    Size
    4,832 SF
    Rate per SF
    $25

    HighLights

    • 4,832 SF Class A office suite in Grand Rapids' CBD.
    • Prime location directly on the third‑floor skywalk connecting to the Van Andel Arena.
    • Minutes from the Acrisure Amphitheater and Amway Stadium.
    • Building underwent full interior, exterior, and mechanical renovations in 2015/2016.
    • In‑suite furniture available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Armour-Eckrich Meats Meat Wholesaler Spectrum Health Offices Corporate Office tesa tape inc. Chemical Manufacturer Greenleaf Trust Financial Planner Social House Kitchen ... Restaurant

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Hair Salon Law Firm Nail Salon Clothing Store Food Market Grocery 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
    -85.6727836
    Latitude
    42.962573

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    FAQs

    What type of property is this?
    Office space - Premium Downtown Office, Skywalk Access
    Where is this office space located?
    The property is located at 25 Ottawa Ave Grand Rapids, MI.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: 4,832 SF Class A office suite in Grand Rapids' CBD.; Prime location directly on the third-floor skywalk connecting to the Van Andel Arena.; Minutes from the Acrisure Amphitheater and Amway Stadium.
    Request Owner's contact information
    25 Ottawa Ave 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
    25 Ottawa Ave Grand Rapids, MI 49503
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