41 Sheldon AveGrand Rapids, MI 49503

Property Details for 41 Sheldon Ave

Year built

1900

Lot size

0.36 AC

Property size (Sq ft)

15,357 SF

Zone code

TN-CC

Property type

Commercial real estate

APN

41-14-30-304-011

APU

411430304011

Description

This meticulously maintained, two-story office building in Grand Rapids, Michigan, presents a unique investment opportunity. Located at 41 Sheldon Ave SE, this 28,946 square foot property sits on a 0.36-acre lot and boasts a rich history, having been built in 1911. Recent renovations have seamlessly blended modern amenities with the building's historic charm, creating a bright and inviting atmosphere with abundant natural light. The main level offers approximately 13,500 square feet of versatile office space, while the lower level encompasses an impressive 15,500 square feet, including dedicated recording rooms, classrooms, and a remarkable 160-seat theater. A portion of the main floor has previously been utilized as an ArtPrize venue, highlighting its adaptability and prime location. The asking price is $3,100,000, translating to $107.10 per square foot. This property benefits from its excellent proximity to a variety of restaurants, hotels, and entertainment options in the heart of downtown Grand Rapids. The seller is open to considering long-term lease options for qualified tenants. This is a rare chance to acquire a substantial, well-maintained commercial property in a thriving urban setting. The property's size, unique features, and central location make it an ideal investment for a variety of uses.

• Alternative Use

  Use

  Valuation

  Residential

  $3,210,471

  Hospitality

  $2,940,774

  Educational

  $2,446,690

  Medical

  $2,530,835

  Retail

  $3,805,962

Location Insight

City

Grand Rapids

County

Kent

State

Michigan

Latitude

42.9618

Longitude

-85.667

CBSA code

24340

CBSA name

GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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