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
Zoning: CC, CITY CENTER
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

View FullscreenMap

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
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Alliance of REALTORS West Michigan nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.