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    For Sale (35)

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    Buildable Lot Near Downtown Baldwin
    Contact for pricing
    0.55 Acres

    Buildable Lot Near Downtown Baldwin

    0.55-acre lot near downtown, on rails-to-trails path.

    V/L Us-10, Baldwin, MI 49304
    View details
    5-Acre Commercial Parcel For Sale
    $259,900
    5.11 Acres

    5-Acre Commercial Parcel For Sale

    5-acre commercial land parcel with highway exposure in Big Rapids.

    15505 Waldron Way, Big Rapids, MI 49307
    View details
    Corner Commercial Building on M-37
    $150,900
    2,240 SF

    Corner Commercial Building on M-37

    High-visibility corner commercial building with expansion potential in Bitely, MI.

    11991 N Woodbridge Ave, Bitely, MI 49309
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    Historic Alto Bar & Grill
    $450,000
    3,830 SF

    Historic Alto Bar & Grill

    Historic Alto Bar & Grill for sale in Alto, Michigan.

    6064 Linfield Ave SE, Alto, MI 49302
    View details
    Residential Land in Middleville Village
    $54,000
    0.33 Acres

    Residential Land in Middleville Village

    Residential land in Middleville, Thornapple Kellogg schools, great views.

    319 Seneca Ridge Dr, Middleville, MI 49333
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    Muskegon Heights Barbershop for Sale
    $79,900
    896 SF

    Muskegon Heights Barbershop for Sale

    Established barbershop with furnishings included, ready for new owner.

    2301 Jarman St, Muskegon Heights, MI 49444
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    Custer Land with Fruit Trees
    $55,000
    8.02 Acres

    Custer Land with Fruit Trees

    8.02 acres near lakes, ideal for building a home.

    4422 S Ordway Rd, Custer, MI 49405
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    Corner Commercial Building on 10+ Acres
    $224,900
    10.38 Acres

    Corner Commercial Building on 10+ Acres

    Prime commercial corner in Bitely, MI with development potential.

    11991 N Woodbridge Ave, Bitely, MI 49309
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    Three Lots in Twin Lake
    Contact for pricing
    0.34 Acres

    Three Lots in Twin Lake

    Three adjoining lots in Twin Lake, Michigan, totaling 0.34 acres.

    E White Lake Dr, Twin Lake, MI 49457
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    Updated Duplex in Breton Village
    $449,900
    2,000 SF

    Updated Duplex in Breton Village

    Updated duplex in desirable Breton Village, Grand Rapids. Fully leased.

    2561-2563 Burton St SE, Grand Rapids, MI 49546
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    Commercial Land at M-37 Corner
    $48,900
    4.18 Acres

    Commercial Land at M-37 Corner

    Prime commercial land opportunity at a high-visibility intersection.

    2052 W 15 Mile Rd, Bitely, MI 49309
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    Prime Commercial Land in Bitely
    $47,900
    4.13 Acres

    Prime Commercial Land in Bitely

    High-visibility commercial land at a busy intersection in Bitely, MI.

    2072 W 15 Mile Rd, Bitely, MI 49309
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    Hastings Office Building For Sale
    $550,000
    4,896 SF

    Hastings Office Building For Sale

    Four-unit office building with ample parking near downtown Hastings.

    450 Meadow Run Dr, Hastings, MI 49058
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    Lakefront Land Ready for Building
    $69,000
    0.24 Acres

    Lakefront Land Ready for Building

    Vacant lot with utilities and lake frontage ready for construction.

    524 Gaskill Rd, Hastings, MI 49058
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    Versatile Retail/Industrial Building For Sale
    $830,000
    8,220 SF

    Versatile Retail/Industrial Building For Sale

    Retail/industrial building with warehouse space and recent updates.

    326 N Main St NE, Cedar Springs, MI 49319
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    Established Auto Repair Business
    $699,900
    2,910 SF

    Established Auto Repair Business

    Thriving auto repair business with real estate and equipment included.

    8259 S Mason Dr, Newaygo, MI 49337
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    Commercial Land at High-Visibility Intersection
    Contact for pricing
    1.01 Acres

    Commercial Land at High-Visibility Intersection

    Prime commercial land opportunity at a high-traffic intersection.

    N Woodbridge Ave, Bitely, MI 49309
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    Dorr, MI - 5 Acre Land
    $189,000
    5.10 Acres

    Dorr, MI - 5 Acre Land

    5-acre wooded parcel with creek, ready for building.

    2729 138Th Ave, Dorr, MI 49323
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    Historic Alto Bar & Grill
    $450,000
    0.12 Acres

    Historic Alto Bar & Grill

    Historic Alto Bar & Grill for sale in Alto, Michigan.

    6064 Linfield Ave SE, Alto, MI 49302
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    Residential Lot Near Canadian Lake
    Contact for pricing
    0.36 Acres

    Residential Lot Near Canadian Lake

    0.36-acre residential lot near Far West Canadian Lake.

    11472 Short St, Stanwood, MI 49346
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    Partially Wooded Buildable Lot
    Contact for pricing
    0.53 Acres

    Partially Wooded Buildable Lot

    Buildable 0.53 acre lot with mature trees and privacy.

    11552 Cedar St, Riverdale, MI 48877
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    Prime Commercial Lot in Grand Rapids
    $235,000
    0.62 Acres

    Prime Commercial Lot in Grand Rapids

    Developable lot in Knapp's Corner, high-traffic area, near major retailers.

    2415 E Beltline Ave NE, Grand Rapids, MI 49525
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    Buildable Lot Near Rails-to-Trails
    Contact for pricing
    1.03 Acres

    Buildable Lot Near Rails-to-Trails

    1.03-acre lot near downtown Baldwin and rails-to-trails path.

    V/L Us-10, Baldwin, MI 49304
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    Rockford Land with Creek Frontage
    $1,495,000
    23.00 Acres

    Rockford Land with Creek Frontage

    Approximately 23 acres in Rockford with Cedar Creek frontage.

    10479 Friske Dr NE, Rockford, MI 49341
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    Historic Grand Rapids Landmark Building
    $5,250,000
    48,211 SF

    Historic Grand Rapids Landmark Building

    Versatile 48,211 SF building in downtown Grand Rapids.

    25 Sheldon Ave SE, Grand Rapids, MI 49503
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    Wooded Lot Near Finger Lake
    Contact for pricing
    0.39 Acres

    Wooded Lot Near Finger Lake

    Building site near waterfront homes with Canadian Lakes amenities.

    10340 N Peninsula Dr, Stanwood, MI 49346
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    5.11 Acre Parcel For Sale
    Contact for pricing

    5.11 Acre Parcel For Sale

    5.11 acre commercial land parcel with US-131 frontage.

    15505 Waldron Way, Big Rapids, MI 49307
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    Stanwood Warehouse with Highway Access
    $755,000
    9,000 SF

    Stanwood Warehouse with Highway Access

    9,000 SF warehouse with HI zoning on 3.5 acres.

    20055 8 Mile Rd, Stanwood, MI 49346
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    Eastown Grand Rapids Liquor Store
    $2,298,000
    3,773 SF

    Eastown Grand Rapids Liquor Store

    Iconic liquor store with upstairs apartment in vibrant Eastown.

    1485-1489 Lake Dr SE, Grand Rapids, MI 49506
    View details
    Prime Knapp's Corner Development Lot
    $235,000
    26,859 SF

    Prime Knapp's Corner Development Lot

    1.12-acre commercial lot in thriving Knapp's Corner.

    2415 E Beltline Ave NE, Grand Rapids, MI 49525
    View details
    5 Acre Parcel For Sale
    $259,900
    222,592 SF

    5 Acre Parcel For Sale

    Commercial land parcel with highway exposure near US-131.

    15505 Waldron Way, Big Rapids, MI 49307
    View details
    Established Auto Repair Business
    $699,900
    2,910 SF

    Established Auto Repair Business

    Thriving auto repair business with real estate and equipment included.

    8259 S Mason Dr, Newaygo, MI 49337
    View details
    Four-Unit Office Building For Sale
    $650,000
    4,896 SF

    Four-Unit Office Building For Sale

    Well-maintained office building with ample parking and recent updates.

    450 Meadow Run Dr, Hastings, MI 49058
    View details
    Four-Unit Office Building For Sale
    $650,000
    4,896 SF

    Four-Unit Office Building For Sale

    Well-maintained office building with ample parking near M-37.

    430 Meadow Run Dr, Hastings, MI 49058
    View details
    High-Visibility Commercial Corner in Bitely
    $48,900
    182,081 SF

    High-Visibility Commercial Corner in Bitely

    Prime commercial land at a high-traffic intersection in Bitely, MI.

    2052 West 15 Mile Rd, Bitely, MI 49309
    View details

    For Lease (3)

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    Grand Rapids Commercial Building For Lease
    $19 SF/Yr
    1,760 SF

    Grand Rapids Commercial Building For Lease

    Free-standing commercial building in vibrant Grand Rapids corridor.

    1052 Wealthy St SE, Grand Rapids, MI 49506
    View details
    Grand Rapids Commercial Space For Rent
    $19 SF/Yr
    965 SF

    Grand Rapids Commercial Space For Rent

    Medical or office space in high-traffic Plainfield corridor.

    4260 Plainfield Ave NE, Grand Rapids, MI 49525
    View details
    Medical/Office Space in High-Traffic Area
    $18 SF/Yr

    Medical/Office Space in High-Traffic Area

    Medical or office space with high visibility and easy access.

    4260 Plainfield Ave NE, Grand Rapids, MI 49525
    View details

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    Grand Rapids North Market Center, LLC
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Grand Rapids North Market Center, LLC
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