Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Lowell Industrial Land For Sale Title is generated by Realmo AI

    1197 Godfrey Street SE, Lowell, MI 49331

    View on Map
    Claim this Listing
    New
    For Sale
    $249,000

    COMMERCIAL - Lowell, MI

    Lot size:
    2.20 Acres
    Added:
    May 17, 2026
    Days on Market:
    6
    Last Refresh:
    May 22 at 12:06 pm

    Property Features for 1197 Godfrey Street SE

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    41-16-35-351-005
    Lot size
    2.20 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    PART GOVT LOT 4 COM 33 FT N OF SW COR OF SEC TH N 416.62 FT TH E 230 FT TH S 416.62 FT TH W 230 FT TO BEG * SEC 35 T7N R9W 2.20 A.
    Tax Annual Amount
    1255

    Utilities

    Utilities
    Natural Gas Available

    We can help!

    Listing Contact
    Joshua M McCracken
    Joshua M McCracken

    Listing agent Joshua M McCracken

    Listing office Greenridge Realty (Lowell) 1160 W Main St., Grand Rapids, MI

    Listing date May 17, 2026

    MLS# 26023216 Listing URL

    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

    • 2.20 acres of industrially‑zoned land, ideal for business expansion
    • Immediately adjacent to 1087 Godfrey, perfect for current owners
    • Offers increased yard space and building potential for 1087 Godfrey buyer
    • Provides room for business growth and development
    • Electricity is available on the property
    • Natural gas is available on the property

    Overview

    This offering consists of 2.20 acres of vacant land zoned for industrial use. The property is located immediately adjacent to 1087 Godfrey Street. Electricity and natural gas are available. The parcel is offered separately or as part of a package. This parcel presents an opportunity for expansion, additional yard space, and increased building potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Industrial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lowell
    County
    Kent
    State
    Michigan
    Longitude
    -85.350985
    Latitude
    42.944636

    Nearby Similar for Sale

    • $499,000
      14,024 SF

      Lowell Industrial Site with Garages

      Working industrial site with masonry garages and storage buildings.
      Lowell, MI 49331
      View Details
    • $299,999
      8,321 SF

      Lowell Multi-Use Facility For Sale

      Versatile property with sanctuary, classrooms, and ample parking.
      404 N Hudson Street SE, Lowell, MI 49331
      View Details
    • $600,000
      5,606 SF

      Lowell Township Commercial Property

      Versatile commercial property with warehouse space and expansion potential.
      14043 Fulton Street E, Lowell, MI 49331
      View Details
    • $679,999

      Updated Duplex in Lowell Schools

      Updated duplex with river frontage, near downtown Lowell.
      879 Flat River Court SE, Lowell, MI 49331
      View Details
    • $329,900

      Multi-Use Facility in Lowell

      Versatile property with parking, classrooms, and updated features.
      404 N Hudson St SE, Lowell, MI 49331
      View Details
    • $495,000

      Riverfront Land in Lowell, Michigan

      2.4-acre buildable lot with 325 feet of Flat River frontage.
      14111 THOMPSON DRIVE, LOWELL, MI 49331
      View Details
    • $495,000

      Flat Riverfront Buildable Lot

      2.4 acre buildable lot with 325 feet of river frontage.
      14111 THOMPSON DRIVE NE, LOWELL, MI 49331
      View Details
    • $599,000

      Residential Development Land in Lowell

      4.01 acre residential development land, shovel-ready in Lowell, MI.
      792 Godfrey Street SE, Lowell, MI 49331
      View Details
    • $359,900

      Lowell Wooded Land For Sale

      6+ acres of wooded land near Fallasburg Park and Flat River.
      13164 Beckwith Drive NE, Lowell, MI 49331
      View Details
    • $975,000
      7,900 SF

      Commercial Property on Fulton Street

      Commercial property with over 7,900 SF on over one acre.
      11608 Fulton Street SE, Lowell, MI 49331
      View Details
    • $165,000

      Residential Land in Lowell, MI

      Large lot in Lowell school district with wooded green space.
      12077 Alden Court NE lot: 14, Lowell, MI 49331
      View Details
    • $279,900

      Updated Two-Unit Property in Lowell

      Fully rented duplex near downtown Lowell, ready for investment.
      118 N Hudson Street SE, Lowell, MI 49331
      View Details

    FAQs

    What type of property is this?
    Industrial land - 2.20 acres of vacant, industrially-zoned land in Lowell, MI.
    Where is this industrial land located?
    The property is located at 1197 Godfrey Street SE Lowell, MI.
    What is the asking price?
    The asking price for this property is $249,000.
    What are key features of this property?
    This property features: 2.20 acres of industrially‑zoned land, ideal for business expansion; Immediately adjacent to 1087 Godfrey, perfect for current owners; Offers increased yard space and building potential for 1087 Godfrey buyer
    (616) 250-7635
    We can help!
    Listing Contact
    Joshua M McCracken
    Joshua M McCracken
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1197 Godfrey Street SE, Lowell, MI 49331
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!