973 Ottawa Ave NW

Office for Sale
Catylist Listing ID: 29652304
Property Subtypes: Executive Suites, Medical, Mixed Use, Flex Space, Office Building
Condo? Yes
Building Size (RSF): 17,458 SF
Gross Building Area: 45,000 SF
Gross Land Area: 0.48 Acres
Sale Price: $749,000
Ceiling: 25 ft.
Property Use Type: Vacant/Owner-User
Building Name: 973 Ottawa Ave/ Previous Spectrum Health &Riverfront Fitness Ctr
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/9/2021

Overview / Comments

Beautiful building in CBD available for owner / occupant. Subject condo is 17,458 square feet formerly occupied by Spectrum Occupational Health as medical and administrative offices. Building has 3 other condos providing many alternate uses for build out which combine to 45,000 square feet.

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: Northeast Business District
Taxing Authority: City of Grand Rapids, Kent County
Tax ID/APN: 41 13 24 284 001
Is Condo?: Yes
Market Type: Medium
Property Located Between: Ottawa and Monroe at Walbridge
Side of Street: West
Road Type: Paved
Property Visibility: Excellent
Highway Access: US 131 & Interstate 196
Airports: Grand Rapids - Ford International Airport
Site Description: Entire building was previously the Riverfront Fitness Center. Subject 17,458 square foot condo was occupied by Spectrum Occupational Health last 10 years and consists of medical offices which may be re purposed.
Area Description: North side of Central Business District
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 17,458 SF
Year Built: 1920
Year Renovated: 1995
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Brick exterior with large architectural windows
Parking Type: Surface
Parking Description: 15 parking spaces available on south wall of building. Ottawa Ave street parking available. Adjacent parking space available for lease.
Total Parking Spaces: 15
Passenger Elevators: 1
Sprinklers: Wet
Heat Type: Hot Water
Heat Source: Central
Air Conditioning: Engineered System
Lot Frontage: 175
Lot Depth: 120
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 21,478 133,855 265,853
Median Age: 27.76 32.35 33.4
Households: 8,721 52,204 102,166
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