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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 stunning, 6,962 square foot, historically significant office building in downtown Grand Rapids, Michigan presents a unique investment opportunity. Built in 1881 and extensively renovated in 2019, this Richardsonian Romanesque-style building boasts a blend of historic charm and modern convenience. The property sits on a 0.7-acre lot and is designated as both a federal and state historical site, adding significant prestige and character. Currently zoned TN-CC (Traditional Neighborhood-City Center), permitted uses include general office space, as well as entertainment and restaurant venues, making it highly versatile. The building offers over 2,000 square feet of existing office space with expansion potential. All existing furniture, appliances, and audiovisual equipment are negotiable with the sale. This landmark property offers a rare chance to own a piece of Grand Rapids history while enjoying a prime downtown location. The asking price is $795,000. The APN is 41-14-30-304-013.

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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