733 Mckendrick Street SW, Grand Rapids, MI 49503
- Added:
- Jan 23, 2026
- Days on Market:
- 159
- Last Refresh:
- Jul 1 at 12:06 pm
Property Features for 733 Mckendrick Street SW
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1
- Interior features
- Broadband
- Standard status
- Pending
- APN
- 41-17-01-353-017
- Size
- 2,832 SF
- Lot size
- 0.46 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- PART OF W 1/2 SW 1/4 COM AT NW COR OF LOT 8 OF DE VRIES - The full length legal description attached to listing.
- Tax Annual Amount
- 3867
Utilities
- Utilities
- Cable Available
- Heating system
- Forced Air
Building Details
- Year built
- 1930
- Number of units
- 1
Listing agent Aaron Squires (231) 676-7358
Listing office EXP Realty LLC 39555 Orchard Hill Pl Ste 600, Novi, MI (269) 600-4397
Listing date Jan 23, 2026
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Commercial building with 2,104 sq ft, including office space and drive‑in bay doors, ideal for various business uses.
- Brand‑new concrete parking lot and loading area.
- Potential for commercial conversion of the residential structure per city guidelines.
- Quick access to US‑131, I‑196, and the Wealthy Street corridor.
- Large fenced yard and corner‑lot exposure providing strong visibility.
- Residential home suitable for primary residence, on‑site management housing, or rental income (estimated $1,300/month).
Overview
Access is supported by quick routes to US-131 and I-196 and the Wealthy Street corridor, which can be beneficial for daily operations and service-oriented traffic patterns. The residential structure may be renovated per city guidelines but cannot be expanded, while the property may be fully converted to commercial use if desired.
This configuration can work well for buyers seeking a mixed live/work or operator setup, or for businesses that need an on-site office, drive-in bay access, and secure outdoor space. The commercial building’s layout is suited to contractors, trades, light industrial, storage, and service-based operations, while the residential component provides an additional option depending on intended use and conversion plans.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.5k | $15.00 |
| − Vacancy | −$1.8k | −$0.63 |
| EGI | $40.7k | $14.37 |
| − OpEx | −$6.1k | −$2.16 |
| NOI | $34.6k | $12.21 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Chefs Born From a Kitchen — 338 Fox St SW, Grand Rapids, MI 49507
Location Insight
- Map
- Local Demand
- City
- Grand Rapids
- County
- Kent
- State
- Michigan
- Longitude
- -85.685231
- Latitude
- 42.929384
