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Executive Summary
Exceptional owner-occupant opportunity located along the highly desirable Lake Dr. corridor in the East Hills neighborhood of Grand Rapids. The former Lafontsee Gallery building sits on over 2 acres, offering an abundance of on-site parking numbering over 100 spaces, making this a very rare opportunity and an affordable alternative to parking downtown Grand Rapids.
The main level of the building spans 12,620 SF and is well-suited for office, educational, medical, or community-based uses. The layout provides a nice mix of private offices and open floor space featuring modern industrial finishes such as open joist ceiling and polished concrete floors. Numerous windows provide generous natural light throughout complementing this high-quality space.
The lower-level measures 11,550 SF and is accessible from both the exterior and a newly upgraded elevator. While largely unfinished, this space features daylight windows throughout, exterior access, multiple restrooms and is partially climate-controlled providing a cost-effective way to almost double the finished space within the building. This space would make for an easy conversion to attractive garden-level office, creative workspace or wellness space for an added building amenity.
The oversized parcel includes access to three separate streets providing the ability for multifamily development to a user who doesn’t require the entire parking allotment this parcel offers. The combination of location, building design and parcel size create an unparalleled opportunity in one of Grand Rapids’ most sought after neighborhoods.
All tours must be scheduled through the listing agent. Please do not disturb employees of Lafontsee Gallery.
The main level of the building spans 12,620 SF and is well-suited for office, educational, medical, or community-based uses. The layout provides a nice mix of private offices and open floor space featuring modern industrial finishes such as open joist ceiling and polished concrete floors. Numerous windows provide generous natural light throughout complementing this high-quality space.
The lower-level measures 11,550 SF and is accessible from both the exterior and a newly upgraded elevator. While largely unfinished, this space features daylight windows throughout, exterior access, multiple restrooms and is partially climate-controlled providing a cost-effective way to almost double the finished space within the building. This space would make for an easy conversion to attractive garden-level office, creative workspace or wellness space for an added building amenity.
The oversized parcel includes access to three separate streets providing the ability for multifamily development to a user who doesn’t require the entire parking allotment this parcel offers. The combination of location, building design and parcel size create an unparalleled opportunity in one of Grand Rapids’ most sought after neighborhoods.
All tours must be scheduled through the listing agent. Please do not disturb employees of Lafontsee Gallery.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
24,000 SF
Building Class
C
Year Built/Renovated
1971/2011
Price
$4,400,000
Price Per SF
$183.33
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
12,000 SF
Building FAR
0.26
Lot Size
2.15 AC
Zoning
MDR - Mixed Density Residential
Parking
100 Spaces (4.17 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
1 1
Very walkable
80/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 41-14-29-306-039 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $855,000 |
Property Taxes
Parcel Number
41-14-29-306-039
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$855,000
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833 Lake Dr SE
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