111 Commerce AveGrand Rapids, MI 49503

Property Details for 111 Commerce Ave

Lot size

0.05 AC

Property size (Sq ft)

98,700 SF

Zone code

TN-CC

Property type

Other commercial real estate

APN

41-13-25-438-038

APU

411325438038

Description

This exceptional 108,654 square foot, Class A office building presents a compelling redevelopment opportunity. Located in Grand Rapids, Michigan's vibrant Entertainment District, this five-story brick and steel structure boasts significant visibility and is situated amongst high-credit tenants, new multi-family developments, restaurants, and hotels. Originally built in 1915, the building underwent a substantial renovation and expansion in 2006, resulting in modern amenities including in-floor heating, a snow melt system, and emergency standby generators. The property features large windows throughout, a finished lower level, and ample classroom space, including four 90-seat classrooms, two courtrooms, and twelve additional classrooms. The 1.45-acre lot is zoned commercial, offering flexibility for various uses. The asking price is $8,900,000. This is an owner/user investment opportunity in a rapidly growing area of downtown Grand Rapids, Kent County, MI, 49503. The address is 111 Commerce Ave SW.

• Alternative Use

  Use

  Valuation

  Residential

  $20,633,814

  Hospitality

  $18,900,464

  Educational

  $15,724,964

  Medical

  $16,265,769

  Retail

  $24,461,054

Location Insight

City

Grand Rapids

County

Kent

State

Michigan

Latitude

42.9606

Longitude

-85.6694

CBSA code

24340

CBSA name

GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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