The Warner Building

Off-Market

150 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 130,000 SF
  • Lot Size 1.07 Acre
  • Parking Spaces Avail. 468
  • Parking Ratio 3.60 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class A
  • Year Built 2019

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity Date

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.

  • 2021 Avg. Asking Rent $21.65
  • 2021 Office Vacancy Rate 14.55%
  • 2021 Office Completions (SF) 329,230

Grand Rapids Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2021 Avg. Price per SF $163.26
  • Y-o-Y Avg. PpSF Change -17.52%
  • 2021 Office Sales Volume $31.7M
  • 2021 Number of Transactions 3
View more Grand Rapids market trends

Location

Getting Around

  • Walk Score ®

    96/100 Walker's Paradise
  • Transit Score ®

    65/100 Good Transit
  • Bike Score ®

    67/100 Bikeable
Powered by Walk Score ®
  • City Grand Rapids, MI
  • Neighborhood Downtown Grand Rapids
  • Zip Code 49503
  • Market Grand Rapids

Points of Interest

  • Grand Rapids

    0.80 miles

  • Mobil

    0.60 miles

  • Mobil

    0.69 miles

  • Mobil

    0.79 miles

  • Meijer Express

    0.84 miles

  • Pacific Pride

    1.06 miles

  • Marathon

    1.29 miles

  • Speedway

    1.30 miles

  • Speedway

    1.54 miles

  • Shell

    1.55 miles

  • Shell

    1.57 miles

  • Ramp 6

    0.28 miles

  • Area 3

    0.37 miles

  • Ramp 8

    0.38 miles

  • Ramp 7

    0.40 miles

  • Area 2

    0.41 miles

  • Museum Parking

    0.44 miles

  • Cherry St. Parking

    0.48 miles

  • Area 7

    0.52 miles

  • Staff Parking

    0.55 miles

  • Area 6A

    0.56 miles

  • Amway Grand Plaza

    0.16 miles

  • City Flats Hotel

    0.17 miles

  • JW Marriott Grand Rapids

    0.23 miles

  • Barri

    0.24 miles

  • Residence Inn Marriott

    0.24 miles

  • Holiday Inn Grand Rapids Downtown

    0.42 miles

  • Canopy by Hilton

    0.48 miles

  • Hampton Inn & Suites Grand Rapids Downtown

    0.76 miles

  • The Brauhaus Inn

    1.21 miles

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

    3.43 miles

  • Tupelo Honey

    0.04 miles

  • Real Seafood Co

    0.08 miles

  • Sweet Yo's

    0.12 miles

  • Sushi Yama

    0.12 miles

  • Cinco de Mayo

    0.12 miles

  • ATO Sushi

    0.13 miles

  • Global Street Food - Roam

    0.14 miles

  • Reserve

    0.15 miles

  • Parsley Mediterranean Grill

    0.15 miles

  • Ruth's Chris Steak House

    0.15 miles

  • Kendall College of Art and Design

    0.07 miles

  • Grand Rapids Community College

    0.20 miles

  • MSU Biomedical Research Center

    0.30 miles

  • Secchia Center, MSU

    0.30 miles

  • Thomas M. Cooley Law School

    0.45 miles

  • Grand Valley State University Pew Campus

    0.50 miles

  • Coit Creative Arts Academy

    0.55 miles

  • Grand Rapids Public School

    0.56 miles

  • Grand Valley State University - Pew Campus

    0.57 miles

  • Grand Rapids Learning Center

    0.59 miles

  • Kenowa Hills Early Childhood Center

    5.47 miles

  • Kelloggsville Early Childhood Learning Center

    5.73 miles

Frequently Asked Questions

What is the total square footage of The Warner Building?

The Warner Building totals 130,000 square feet.

When was this property built?

The Warner Building was built in 2019.

What is the property tax for The Warner Building?

The property tax for The Warner Building in 2022 was $2,540,654.

What is the market value for The Warner Building?

The market value* for The Warner Building in 2022 was $98,972,134.
*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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