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Property profile & analytics
OFF-MARKET
Office Spaces

61 Sheldon Blvd Grand Rapids, MI 49503

6,962 SF 0.7 ac lot Built 1881
Property ID
Property summary
AI-generated overview

This exceptional 6,962 square foot office building presents a rare opportunity to lease space in a truly remarkable property. Located in the heart of Downtown Grand Rapids, this two-story building boasts a rich history, having served as the location of the city's first Ladies Literary Association. Originally constructed in 1881 in the striking Richardsonian Romanesque style, the building has undergone extensive renovations, most recently in 2019, seamlessly blending historic charm with modern convenience. The property sits on a 0.7-acre lot and is classified as a Class C building. The building is registered as both a federal and state historical site, and is recognized as a significant cultural landmark within Grand Rapids. Multiple tenancy options are available, offering flexibility for businesses of various sizes. The building's over 2000 square feet of office space provides ample room, with potential for expansion. Its commercial zoning ensures a wide range of potential uses. This is an unparalleled chance to establish your business in a prestigious and historically significant location. The property's Kent County location within the Kent submarket offers excellent access to amenities and transportation. The APN is 41-14-30-304-013. Inquire today to explore leasing options and schedule a viewing of this magnificent property.

Property profile
Verified
Property type Office Spaces
Year built 1881
Total area 6,962 SF
Lot 0.7 ac (30,492 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • The Lit GR Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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