Office Space / Michigan / Grand Rapids / 49503 / 56 Division Avenue South

56 Division Avenue South

Q: What is the asking price for 56 Division Avenue South in Grand Rapids?

The asking price for 56 Division Avenue South is $10,500,000

Q: What is the building size of this Office property in Grand Rapids, MI?

The size of the building/unit at 56 Division Avenue South in Grand Rapids is 168,000 square feet.

Q: What kind of Office is the propery at 56 Division Avenue South?

The property at 56 Division Avenue South Grand Rapids, MI 49503 is listed as a Professional Office property.

Q: What is the population within 1 mile of 56 Division Avenue South?

The population within 1 mile of 56 Division Avenue South Grand Rapids, MI 49503 is 17,699 people.

Q: Who do I contact for questions about 56 Division Avenue South?

You should contact the listing agent, Ty Hallock, for any details regarding this commercial listing.

Grand Rapids, MI 49503

Listing ID: 198131

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56 Division Avenue South Grand Rapids, MI 49503 | for Sale | Photo 1

Building Size: 168,000 SF

Lot Size: --

Land Size: --

Building $/SF: $62.50

Land $/SF:

Price

$10,500,000

Description

Commercial Real Estate Property: 56 Division Ave., Grand Rapids, MI
Property Overview: 168,000 SF, 7 floors, 24,000 SF /Floor
Description: VACANT LANDMARK BUILDING IN HEART OF GRAND RAPIDS
This landmark building, built in 1912 and formerly occupied by Keeler Brass Co., is located in the heart of Downtown Grand Rapids
on the corner of Division and Fountain. This building holds immense investment potential featuring 7 stories, each approximately 24,000
SF. Space could be used for office, retail, hospitality, apartments, condos or mixed-use development. The property has 10-12 parking
spaces off an alley behind the building, with a basement level that could be developed into additional parking. Alternatively, the existing
Ellis lot immediately adjacent to the building can be developed into a parking ramp.
Sale price: – $10,500,000

Attachments & Files

56-divisionflyer102119v2-8jt-TpL.pdf

Points of Interest & Demographic Radii

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Demographic Radii

POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.

Grand Rapids History of Office Space for Sale

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Listing Demographics for 56 Division Avenue South Grand Rapids, MI 49503

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		17,699	145,482	267,500
Population Median Age		34	33	36
Population by Age	0-9 Yrs	1327 (7%)	20146 (13%)	35754 (13%)
	10-19 Yrs	1396 (7%)	19592 (13%)	33805 (12%)
	20-29 Yrs	6199 (35%)	33194 (22%)	52775 (19%)
	30-39 Yrs	3074 (17%)	22981 (15%)	40336 (15%)
	40-49 Yrs	1754 (9%)	15435 (10%)	28251 (10%)
	50-59 Yrs	1923 (10%)	15012 (10%)	30397 (11%)
	60-69 Yrs	1292 (7%)	10946 (7%)	24346 (9%)
	70+ Yrs	734 (4%)	8174 (5%)	21836 (8%)

Median HH Income		$44,597	$47,833	$53,118
Total Household Income	< 24K	2750 (31%)	14062 (26%)	22362 (22%)
	25-49K	1995 (22%)	13827 (25%)	25735 (25%)
	50-74K	1494 (17%)	10310 (19%)	19552 (19%)
	75-99K	760 (8%)	6222 (11%)	13193 (13%)
	100-199K	1166 (13%)	7185 (13%)	16306 (16%)
	200K+	541 (6%)	1947 (3%)	4237 (4%)

Highest Education Level	No Diploma	1187	14570	22448
	Diploma or GED	1712	20169	40509
	Some College	2082	18143	35825
	Assoc. Degree	884	6709	13827
	Bachelors Degree	4202	20511	40554
	Higher Degree	2144	9936	20335

Total Housing Units		9,864	59,073	108,815
--Owner-Occupied		2,507	28,135	60,922
--Renter-Occupied		6,199	25,418	40,464
Owner-Occupied Values	< 100K	414	9090	14309
	100-199K	800	13321	30916
	200-299K	607	3101	8792
	300-399K	394	1147	3163
	400-499K	70	469	1517
	500K+	221	1008	2225

Total Working Age Population		15,625	113,604	211,875
In Work Force		11,932	80,674	146,768
Not In Work Force		3,693	32,930	65,107
Workforce Employed		11,037	75,413	138,573
Workforce Unemployed		884	5,244	8,066
Civlian Workforce		11,921	80,657	146,639
Military Workforce		11	17	129

Total Households		8,706	53,553	101,386
Family Households		2,788	29,561	58,899
Non-Family Households		5,917	23,993	42,487
Married Couple		1,950	17,834	40,214
Other Family		838	11,727	18,685
Married w/Child		572	7,756	16,495
Single Male w/Child		98	1,747	2,817
Single Female w/Child		358	5,333	7,808

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Michigan	9,938,444	-1	9,883,640	+1	10,023,423	+4	10,424,510
Kent County	574,335	+5	602,622	+11	668,535	+12	746,921

Total Working Age Population:

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Common Questions and Answers

What is the asking price for 56 Division Avenue South in Grand Rapids?

The asking price for 56 Division Avenue South is $10,500,000

What is the building size of this Office property in Grand Rapids, MI?

The size of the building/unit at 56 Division Avenue South in Grand Rapids is 168,000 square feet

What kind of Office is the propery at 56 Division Avenue South?

The property at 56 Division Avenue South Grand Rapids, MI 49503 is listed as a Professional Office property

What is the population within 1 mile of 56 Division Avenue South in Grand Rapids?

The population within 1 mile of 56 Division Avenue South Grand Rapids, MI 49503 is 17,699 people.

Who do I contact for questions about 56 Division Avenue South?

You should contact the listing agent, Ty Hallock, for any details regarding this commercial listing.

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Closest Commercial Airports

Airport	Distance (mi)
MBS International Airport (MBS)	89
South Bend Regional Airport (SBN)	93
General Mitchell International Airport (MKE)	113