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    Grand Rapids Manufacturing Facility For Sale Title is generated by Realmo AI

    4327 Airlane Dr SE, Grand Rapids, MI 49512

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    Manufacturing facility in Grand Rapids Airport Submarket with highway access.

    Type:Industrial
    Property size:
    23,563 SF
    Price / SF:
    $127/SF
    Added:
    Apr 9, 2025
    Days on Market:
    454
    Last Refresh:
    Mar 20 at 8:27 pm

    Property Features for 4327 Airlane Dr SE

    General Information

    Standard status
    Active
    Size
    23,563 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1980

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    R. Kyle Grooters

    Listing office Bradley Company Grand Rapids

    Listing date Apr 9, 2025

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Bradley Company Grand Rapids

    HighLights

    • Prime owner‑user opportunity in the thriving Grand Rapids Airport Submarket.
    • I‑1 zoning classification, perfectly suited for manufacturing.
    • Includes 3 Cranes (Two 5‑Ton, One 10‑Ton).
    • Outstanding access to major highway networks and the International Airport.
    • Robust and growing labor pool in the surrounding submarket.
    • Rental income included in the price until Q2 2026.

    Overview

    Located in the Grand Rapids Airport Submarket, this property presents an owner-user opportunity. Zoned I-1, it is suited for manufacturing. The facility offers a versatile layout and is ideal for production and fabrication operations. The property benefits from access to major highway networks and the International Airport. The submarket is surrounded by a growing labor pool. The property includes three cranes (two 5-ton and one 10-ton) and a washing basin with separator. New carpet and paint in the office are scheduled for completion, as are asphalt repairs. The property's price includes rental income until the completion of a new facility, anticipated in Q226. The property size is 23563 square feet.

    Local Financial Insights For Industrial

    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 $367.6k $15.60
    − Vacancy −$16.5k −$0.70
    EGI $351.0k $14.90
    − OpEx −$105.3k −$4.47
    NOI $245.7k $10.43
    23,563 SF · lease $15.60/SF/yr · vacancy 4.50% · expense 30.00%

    Alternative Uses

    Best Use
    Industrial
    $3.51M
    $3.07M – $4.10M (±1% cap)
    NOI $245,729 @ 7.0% cap · market cap 8.20%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Specialty Retail
    $5.47M
    $4.78M – $6.38M (±1% cap)
    NOI $382,781 @ 7.0% cap · market cap 12.78%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Development Corporation Medical Clinic Weiss Technik North ... Industrial Manufacturer Envirotronics Industrial Manufacturer

    Suggested Use

    Restaurant HVAC Service Grocery & Convenience Store Car Rental Facility Spa & Massage Center Cafe & Coffee Shop Parking Lot & Garage Clothing & Fashion Store Barber Shop (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.5761597
    Latitude
    42.8848925

    FAQs

    What type of property is this?
    Manufacturing property - Manufacturing facility in Grand Rapids Airport Submarket with highway access.
    Where is this manufacturing property located?
    The property is located at 4327 Airlane Dr SE Grand Rapids, MI.
    What is the asking price?
    The asking price for this property is $2,995,000.
    What are key features of this property?
    This property features: Prime owner‑user opportunity in the thriving Grand Rapids Airport Submarket.; I‑1 zoning classification, perfectly suited for manufacturing.; Includes 3 Cranes (Two 5‑Ton, One 10‑Ton).
    More about this property
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