126 Ottawa Avenue NW

Off-Market

126 Ottawa Avenue NW, Grand Rapids, MI 49503

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - General Office
  • Property Size 45,471 SF
  • Lot Size 0.24 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1956

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Date 06 Jan, 2004
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Grand Rapids

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Grand Rapids Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2022 Avg. Asking Rent $23.00
  • 2022 Office Vacancy Rate 15.06%
  • 2022 Office Completions (SF) 331,938
View more Grand Rapids market trends

Location

Getting Around

  • Walk Score ®

    94/100 Walker's Paradise
  • Transit Score ®

    66/100 Good Transit
  • Bike Score ®

    64/100 Bikeable
Powered by Walk Score ®
  • City Grand Rapids, MI
  • Neighborhood Downtown Grand Rapids
  • Zip Code 49503
  • Market Grand Rapids

Points of Interest

  • Grand Rapids

    0.71 miles

  • Mobil

    0.52 miles

  • Mobil

    0.71 miles

  • Mobil

    0.74 miles

  • Meijer Express

    0.86 miles

  • Pacific Pride

    0.98 miles

  • Marathon

    1.21 miles

  • Speedway

    1.37 miles

  • Speedway

    1.57 miles

  • Shell

    1.58 miles

  • BP

    1.59 miles

  • Area 3

    0.29 miles

  • Area 2

    0.33 miles

  • Ramp 6

    0.34 miles

  • Cherry St. Parking

    0.40 miles

  • Museum Parking

    0.41 miles

  • Ramp 8

    0.44 miles

  • Ramp 7

    0.47 miles

  • Area 6A

    0.48 miles

  • Area 7

    0.52 miles

  • Staff Parking

    0.54 miles

  • City Flats Hotel

    0.09 miles

  • Amway Grand Plaza

    0.16 miles

  • Residence Inn Marriott

    0.16 miles

  • Barri

    0.16 miles

  • JW Marriott Grand Rapids

    0.20 miles

  • Holiday Inn Grand Rapids Downtown

    0.40 miles

  • Canopy by Hilton

    0.40 miles

  • Hampton Inn & Suites Grand Rapids Downtown

    0.81 miles

  • The Brauhaus Inn

    1.14 miles

  • Americas Best Value Inn & Suites-Walker/Grand Rapids North

    3.50 miles

  • Cinco de Mayo

    0.04 miles

  • Tupelo Honey

    0.05 miles

  • Sweet Yo's

    0.07 miles

  • Parsley Mediterranean Grill

    0.07 miles

  • Littlebird

    0.07 miles

  • Big O's Cafe

    0.08 miles

  • Sushi Yama

    0.09 miles

  • Real Seafood Co

    0.11 miles

  • Jimmy John's

    0.12 miles

  • ATO Sushi

    0.12 miles

  • Kendall College of Art and Design

    0.08 miles

  • Grand Rapids Community College

    0.25 miles

  • Thomas M. Cooley Law School

    0.37 miles

  • MSU Biomedical Research Center

    0.37 miles

  • Secchia Center, MSU

    0.38 miles

  • Grand Valley State University Pew Campus

    0.46 miles

  • Grand Valley State University - Pew Campus

    0.53 miles

  • Grand Rapids Public School

    0.57 miles

  • Grand Rapids Learning Center

    0.58 miles

  • Coit Creative Arts Academy

    0.63 miles

  • Kenowa Hills Early Childhood Center

    5.49 miles

  • Kelloggsville Early Childhood Learning Center

    5.65 miles

Frequently Asked Questions

What is the total square footage of 126 Ottawa Avenue NW?

126 Ottawa Avenue NW totals 45,471 square feet.

When was this property built?

126 Ottawa Avenue NW was built in 1956.

When was 126 Ottawa Avenue NW last sold?

126 Ottawa Avenue NW was last sold on 06 Jan, 2004.

What is the property tax for 126 Ottawa Avenue NW?

The property tax for 126 Ottawa Avenue NW in 2023 was $410,115.

What is the market value for 126 Ottawa Avenue NW?

The market value* for 126 Ottawa Avenue NW in 2023 was $15,976,218.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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