56 N. Division

Office for Sale
Sale Pending
Catylist Listing ID: 30518552
Property Subtypes: Executive Suites, Mixed Use, Flex Space, Office Building
Status: Pending
Building Size (RSF): 167,706 SF
Sale Price: $10,500,000
Unit Price: $62.61 PSF
Property Use Type: Vacant/Owner-User
Building Name: Keeler Building
Class of Space: Class D
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/8/2021

Overview / Comments

Former Keeler Building. This Landmark Building is located in the heart of Downtown Grand Rapids on the corner of Division and Fountain. 7 Stories, each approximately 24,000 SF. Great investment potential; could be used for office, retail, hospitality, apartments, condos or a mixed-use development. Property has 10-12 parking spaces off an alley behind the building, and also has a basement level that could potentially be developed for parking.

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: Central Business District
Taxing Authority: City of Grand Rapids
Tax ID/APN: 411430155001.00000000000
Property Located Between: Division and Library
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 7
Typical SF / Floor: 24,000 SF
Year Built: 1912
Construction/Siding: Brick
Parking Description: 10-12 spaces in rear
Passenger Elevators: 3
Freight Elevators: 1
Lot Frontage: 198
Water Service: Municipal
Sewer Type: Municipal

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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
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