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    25 Ottawa Ave Grand Rapids, MI 49503

    Sponsored
    For Lease
    $27 SF/Yr

    Premium 6th Floor Office Suite, 16,084 SF

    Lot size:
    97,781 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A office space, located at 25 Ottawa Ave SW in Grand Rapids, Michigan, offers a unique opportunity for a discerning tenant. The entire 16,084 square foot sixth floor of this six-story building provides arguably one of the finest office suites in downtown Grand Rapids. The building itself boasts a total of 97,781 square feet situated on a 0.34-acre lot. The property is zoned for commercial use (Commercial Improved) and features multiple tenancy options. This sublease opportunity extends until June 30, 2033, offering long-term stability. The space is highly versatile, suitable for executive office, traditional office, creative office, or coworking arrangements. The building includes elevators for convenient access to all floors. A significant benefit is the inclusion of 35 secured parking spaces in nearby parking ramps, eliminating the hassle of finding parking in a busy downtown area. Exterior building signage rights are also included, providing excellent branding opportunities. The property's location in Kent County, with a zip code of 49503, places it in the heart of Grand Rapids' vibrant business district. This is a rare chance to secure a prestigious and well-appointed office space in a prime location. The APN is 41-13-25-426-002.

    Property Features for 25 Ottawa Ave

    General Information

    Property type
    Coworking space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    97,781 SF
    Class
    A
    Total Rate
    220007.25

    Building Details

    Buildings
    1
    Stories
    6

    Unit(s) available at that property

    Space
    6th Floor
    Size
    16,084 SF
    Rate per SF
    $27

    HighLights

    • 16,084 SF of Class A office space on the 6th floor of a 6‑story building in downtown Grand Rapids, MI.
    • Turnkey space with all furniture, fixtures, and equipment included; completely renovated July 2023.
    • Skywalk access to Van Andel Arena, JW Marriott, Amway Grand Plaza, and DeVos Convention Center.
    • Sublease opportunity extending to June 30, 2033, with 35 secured parking spaces included.
    • Exterior building signage rights available.
    Property Profile 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?
    Coworking space - Premium 6th Floor Office Suite, 16,084 SF
    Where is this coworking space located?
    The property is located at 25 Ottawa Ave Grand Rapids, MI.
    What is the lease rate?
    The lease rate is $27 SF/Yr.
    What are key features of this property?
    This property features: 16,084 SF of Class A office space on the 6th floor of a 6-story building in downtown Grand Rapids, MI.; Turnkey space with all furniture, fixtures, and equipment included; completely renovated July 2023.; Skywalk access to Van Andel Arena, JW Marriott, Amway Grand Plaza, and DeVos Convention Center.
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    25 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
    25 Ottawa Ave Grand Rapids, MI 49503
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