61 Sheldon Blvd Grand Rapids, MI 49503
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.
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The Lit GR Hotel & Motel Resort
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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