920 Cherry Street SE

Office for Sale
Catylist Listing ID: 30623084
Property Subtypes: Office Building
Building Size (RSF): 31,067 SF
Sale Price: $4,350,000
Unit Price: $140.02 PSF
Property Use Type: Net Leased Investment (NNN)
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
LEED Certified: Yes
Last Updated: 9/23/2020

Overview / Comments

920 Cherry Street SE is a four story, brick and terra cotta national landmark. Originally constructed in 1908, it is a 30,000 sq foot office building in the heart of East Hills, located just ten minutes southeast of downtown Grand Rapids. This landmark boasts large formal gardens in the front of the building, outdoor patios on each level, a large assembly hall (booked months in advance), a formal boardroom, two kitchens, two elevators, signage on Cherry Street, and fifty-four designated parking spaces.

This building went under a complete renovation in 2008– so it is a unique combination of the beautiful architecture and character of a historic building paired with the newest technology which landed the building with a LEED gold certification, making it very efficient to maintain. Every effort was made to make this building stand out, from restoring the original terrazzo floor to remaking the gardens to match the original one planted in 1908 to adding rooftop solar panels. This building is also listed for lease.

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: East Grand Rapids
Submarket Type: Historic District
Tax ID/APN: 41-14-29-353-044
Zoning: COMMERCIAL
Property Located Between: Eastern and Diamond
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 4
Year Built: 1908
Year Renovated: 2008
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Parking Description: 54 dedicated parking spaces and additional spaces available
Total Parking Spaces: 54
Heat Source: Heat Pump
Water Service: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 28,968 161,561 288,778
Median Age: 28.67 31.26 33.54
Households: 11,837 59,778 111,558

Contact

Photograph of Listing Agent

Kristen Moore

Colliers International
CARWM Member
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