Keeler Building 56 Division Ave N 168,000 SF Office Building Grand Rapids, MI 49503 $12,000,000 ($71.43/SF)
EXECUTIVE SUMMARY
This landmark building, built in 1912 and formerly occupied by Keeler Brass Co., is located in the heart of Downtown Grand Rapids on the corner of Division and Fountain. This
building holds immense investment potential featuring 7 stories, each approximately 24,000 SF. Space could be used for office, retail, hospitality, apartments, condos or mixed-use development. The property has parking spaces off an alley behind the building, with a basement level that could be developed into additional parking. Alternatively, the existing Ellis lot immediately adjacent to the building could potentially be developed into a parking ramp with Ellis participation.
building holds immense investment potential featuring 7 stories, each approximately 24,000 SF. Space could be used for office, retail, hospitality, apartments, condos or mixed-use development. The property has parking spaces off an alley behind the building, with a basement level that could be developed into additional parking. Alternatively, the existing Ellis lot immediately adjacent to the building could potentially be developed into a parking ramp with Ellis participation.
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Owner User
Property Type
Office
Building Size
168,000 SF
Building Class
B
Year Built
1912
Price
$12,000,000
Price Per SF
$71.43
Tenancy
Multiple
Building Height
7 Stories
Typical Floor Size
24,000 SF
Building FAR
4.65
Lot Size
0.83 AC
Zoning
Commercial
1 of 1
Walk Score®
Walker's Paradise (98)
PROPERTY TAXES
| Parcel Number | 41-14-30-155-001 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,913,300 |
