41 Sheldon Ave Grand Rapids, MI 49503
- Commercial real estate
- 15,357 SF
- 0.36 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 41 Sheldon Ave
- Year built
- 1900
- Lot size
- 0.36 lot acres
- Property size
- 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.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Grand Rapids
- County
- Kent
- State
- Michigan
- Longitude
- -85.667
- Latitude
- 42.9618
- CBSA code
- 24340
- CBSA name
- GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA
