Tribe buys riverfront office building
An office building on the Grand River in Grand Rapids has been sold to a tribe.
The Grand River Bands of Ottawa Indians has purchased the 10,000-square-foot riverfront building at 1310 Front Ave. NW, north of Leonard Street NW, for an undisclosed amount.
Dick Anderson of Muskegon’s Chrystal-Anderson Realtors represented the buyer in the deal, and NAI Wisinksi of West Michigan represented the unnamed seller, a local investor.
The tribe will move from a leased space on Plainfield Avenue into a vacant space in the building, while several month-to-month leases will occupy the rest.
“Downtown Grand Rapids riverfront property is still in high demand,” NAI principal Doug Taatjes said. “This property is an ideal location for any investor, as the property values have steadily increased.”