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401 Hall St SW 163,942 SF 86% Leased Office Building Grand Rapids, MI 49503 $20,000,000 ($121.99/SF) 8.22% Cap Rate

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EXECUTIVE SUMMARY

Excellent opportunity to own a Historic, Modern, Loft Office building located on US-131 at theHall St exit just minutes from Downtown Grand Rapids.
The property is 91% leased with 45 tenants and prides itself in being one oftheGreenest Buildings in Grand Rapids with Solar Energy. The property has 240+ parking spaces, underground parking, Charging Stations, Fiber Internet with Common Area Wifi, 24/7 Video Surveillance Security, Shared Conference room, and Access to Loading Dock and Freight Elevator

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
163,942 SF
Building Class
B
Year Built/Renovated
1930/2017
Price
$20,000,000
Price Per SF
$121.99
Cap Rate
8.22%
NOI
$1,644,000
Percent Leased
86%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
40,986 SF
Slab To Slab
12’
Building FAR
0.68
Lot Size
5.50 AC
Opportunity Zone
Yes
Zoning
SR-PRD - Mixed Use
Parking
150 Spaces (0.91 Spaces per 1,000 SF Leased)

AMENITIES

  • Controlled Access

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Professional, Scientific, and Technical Services
  • -
  • -
  • -

Whether you are a payroll professional or new to payroll, they can guide you through the process effortlessly. As employees log hours, request time off, or undergo open enrollment, their platform automatically updates accordingly. It’s reliable, precise, and flexible.

  • Bids Corp
  • Services
  • -
  • -
  • -

N/A

  • Administrative and Support Services
  • -
  • -
  • -

Local credit union based in Grand Rapids, Michigan since 1951.

  • Professional, Scientific, and Technical Services
  • -
  • -
  • -

DVS is a full-service Marketing & Advertising Agency with a strong focus on Strategy + Innovation. The strength of DVS, and what makes us unique, is our passionate perspective and people. We believe that Strategy + Innovation delivered by people with a passion is what makes a successful agency, not just a cool location or the latest equipment. Although we have those too! Since 1993, starting out in 640 square feet of space in Wyoming, Michigan, we’ve grown exponentially in size, staff, and capabilities. Our successful evolution is the direct result of our ability to listen. Each stage of that evolution was the result of a client saying, “can you do this” or “we have this problem, can you help?” Our answer has always been yes, together we can do that. Always evolving to satisfy your needs, DVS is a full-service Marketing & Advertising Agency, with a strong focus on Strategy + Innovation and a specialization in small & medium-size businesses.

  • Health Care and Social Assistance
  • -
  • -
  • -

They are an interfaith collaboration created by St. Ann’s, Clark, Porter Hills and Sunset. With over 200 years of combined experience, they share resources, skills and expertise to deliver care with unparalleled compassion. They are committed to offering the highest level of quality care by being Medicare certified and CHAP accredited. Their local ministry is led by their Board of Directors and driven by their passionate Vision, Mission and Values. Vision To shape a community, which embraces death as a meaningful transition through the care of mind, body and spirit. Mission The mission of Emmanuel Hospice, an interfaith partnership, is to provide exemplary spiritual and physical care creating a peaceful experience for the dying and their loved ones.

  • Retailer
  • -
  • -
  • -

They believe in the sense of movement at HOWE; the idea that what they do is not only moving the levels of craftsmanship or the confinements within design but also the people who use it every day. This is why all chairs and tables from HOWE offer impeccable functionality. You can fold them. You can stack them. You can roll them any way that you want, optimizing the spaces in which they work, think, study and communicate. Just as you can feel comfort in them; the look, the originality, the way form follows function to the very last detail. Time and time again. They are HOWE and they believe in moving design. Since 1928.

  • Retailer
  • -
  • -
  • -

Your purchase is powerful. Jonas Paul’s refined, sophisticated look empowers children to feel confident and parents to be socially responsible with their eyewear purchases. The Harrisons are thankful that they have been given the opportunity to make a broad social impact while, at the same time, helping kids all over the world look incredibly dapper.

  • Arts, Entertainment, and Recreation
  • -
  • -
  • -

Studio D2D is located in a beautifully restored historic building, just two exits south of downtown Grand Rapids. Featuring two stunning venues, the space showcases exposed brick walls, original hardwood flooring, immense wooden beams, and large windows that flood the interior with natural light. The integrity of the building has been carefully preserved, striking a perfect balance between vintage charm and sophisticated elegance. With an industrial ambiance complemented by modern décor, including chandeliers and uplighting, Studio D2D offers a picture-perfect setting for any event. .

  • Wholesaler
  • -
  • -
  • -

They are a full service design studio, with expertise in interior space planning, furniture, fabrics, paint, cabinetry design, exterior finishes and more. 01 Concept & Design Classic. Modern. Vintage. Studio M Interiors curates homes and spaces as unique as the clients who occupy them. 02 Process & Execution Studio M Interiors’ portfolio spans the country, from Wyoming to New York, and throughout most of Western Michigan. With a strong foundation in the residential building industry, they offer a project process that maintains open communication with the contractor and the client. 03 The Finished Product They are not done until the client and contractor are happy. they rely on client satisfaction to lead us to the next exciting project.

  • Professional, Scientific, and Technical Services
  • -
  • -
  • -

A local photographer that offers everything from portraits, to in-home lifestyle family, weddings, anniversary and engagement sessions.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Professional, Scientific, and Technical Services - - -
Bids Corp Services - - -
Administrative and Support Services - - -
Professional, Scientific, and Technical Services - - -
Health Care and Social Assistance - - -
Retailer - - -
Retailer - - -
Arts, Entertainment, and Recreation - - -
Wholesaler - - -
Professional, Scientific, and Technical Services - - -

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Fl-Ste 112 I
  • 186 SF
  • Office
  • Full Build-Out
  • Now
  • 1st Fl-Ste 112 J
  • 186 SF
  • Office
  • -
  • Now
  • 1st Fl-Ste 112L
  • 182 SF
  • Office
  • -
  • Jan 2026
  • 2nd Fl-Ste 225
  • 780 SF
  • Office
  • -
  • Now
  • 3rd Fl-Ste 308
  • 2,786 SF
  • Office
  • Full Build-Out
  • Now
  • 3rd Fl-Ste 309
  • 1,854 SF
  • Office
  • -
  • May 2026
  • 3rd Fl-Ste 331
  • 3,898 SF
  • Office
  • -
  • Now
  • 3rd Fl-Ste 334
  • 1,965 SF
  • Office
  • Full Build-Out
  • Now
  • 4th Fl-Ste 430
  • 3,749 SF
  • Office
  • Full Build-Out
  • Now
  • 4th Fl-Ste 458
  • 1,607 SF
  • Office
  • Full Build-Out
  • Now
  • 4th Fl-Ste 484
  • 2,392 SF
  • Office
  • Full Build-Out
  • Now
  • 4th Fl-Ste 489
  • 6,113 SF
  • Office
  • -
  • Now
Space Size Space Use Condition Available
1st Fl-Ste 112 I 186 SF Office Full Build-Out Now
1st Fl-Ste 112 J 186 SF Office - Now
1st Fl-Ste 112L 182 SF Office - Jan 2026
2nd Fl-Ste 225 780 SF Office - Now
3rd Fl-Ste 308 2,786 SF Office Full Build-Out Now
3rd Fl-Ste 309 1,854 SF Office - May 2026
3rd Fl-Ste 331 3,898 SF Office - Now
3rd Fl-Ste 334 1,965 SF Office Full Build-Out Now
4th Fl-Ste 430 3,749 SF Office Full Build-Out Now
4th Fl-Ste 458 1,607 SF Office Full Build-Out Now
4th Fl-Ste 484 2,392 SF Office Full Build-Out Now
4th Fl-Ste 489 6,113 SF Office - Now

1st Fl-Ste 112 I

Size
186 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste 112 J

Size
186 SF
Space Use
Office
Condition
-
Available
Now

1st Fl-Ste 112L

Size
182 SF
Space Use
Office
Condition
-
Available
Jan 2026

2nd Fl-Ste 225

Size
780 SF
Space Use
Office
Condition
-
Available
Now

3rd Fl-Ste 308

Size
2,786 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

3rd Fl-Ste 309

Size
1,854 SF
Space Use
Office
Condition
-
Available
May 2026

3rd Fl-Ste 331

Size
3,898 SF
Space Use
Office
Condition
-
Available
Now

3rd Fl-Ste 334

Size
1,965 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

4th Fl-Ste 430

Size
3,749 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

4th Fl-Ste 458

Size
1,607 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

4th Fl-Ste 484

Size
2,392 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

4th Fl-Ste 489

Size
6,113 SF
Space Use
Office
Condition
-
Available
Now
Walk Score®
Very Walkable (72)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
41-13-36-383-043
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,152,100
  • Listing ID: 35890281

  • Date on Market: 5/16/2025

  • Last Updated:

  • Address: 401 Hall St SW, Grand Rapids, MI 49503

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