Keeler Building

Retail-Commercial for Sale
Sale Pending
Also listed as Office, Multi-Family
Catylist Listing ID: 29999707
Property Subtypes: Free-Standing Building
Status: Pending
Building Size (RSF): 175,000 SF
Gross Building Area: 188,000 SF
Gross Land Area: 0.73 SF
Sale Price: $12,250,000
Unit Price: $70 PSF
Ceiling: 14 ft.
Property Use Type: Vacant/Owner-User
Building Name: Keeler Building
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/18/2017

Overview / Comments

Landmark downtown building ready for development. Classic, art-deco design. Can be used for retail, office, or housing. Seven floors of great potential for retail, apartments, condos, or offices in a prime downtown Grand Rapids location..

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Kent
Submarket/Township: Central Business District
Taxing Authority: Grand Rapids
Tax ID/APN: 41-14-30-155-001
Zoning: N/A
Property Located Between: Fountain and Library
Property Visibility: Excellent
Largest Nearby Street: Division
Feet of Frontage: 198
Highway Access: Division Ave to Us 96 or US 131
Airports: Ford
Site Description: seven story building on a corner lot
Area Description: Downtown grand rapids, near schools, offices, church and condos
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 7
Typical SF / Floor: 25,000 SF
Property Condition: Average
Year Built: 1912
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Passenger Elevators: 4
Freight Elevators: 1
Heat Type: Other
Heat Source: Other
Interior Description: partial white box ready for development
Lot Depth: 148
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Legal Description: part of lots 3,4,5 & 6 sec 20 com on S Line Fountain St 147.44 ft E of NW Cor SD Lot 5 th Sly 92 ft to a pt 2 ft E of W line SD Lot 3 S to S Line SD Lot 3 E on S line SD lot 3 to to E line SD Lot 6 S 66 ft to S Line SD Lot 6 W to E Line Division Ave N 198 ft E to beg Plat Of The Village of Grand Rapids Campau Plat

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,492 150,583 292,721
Median Age: 28.54 31.14 33.6
Households: 9,031 56,460 112,446

Contact

Photograph of Listing Agent

Donald Oppenhuizen

DeHaan, GW Real Estate Inc.
CARWM Member
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