Warehouse Space with Loading
For Lease
$5.80 SF/Yr
514 5th St NW, Grand Rapids, MI 49504
The property includes parking, multiple loading docks, and a drive-in door for warehouse operations.
Space SizeContact for details
Days on Market698
Property Features for 514 5th St NW
General Information
Standard status
Active
Total Parking Spaces
278
Property subtype
Industrial
Lease Type
NNN
Additional Details
Space Use
Warehouse
Drive-In Doors
1
Amenities
Power
Water
Sewer
Natural Gas
278 Parking Spaces
Building Details
Year Built
1879
Spaces For Lease
at 514 5th St NW
Available Space
$5.80/Mo
Listing Agency:
Jones Lang LaSalle
Listed By:
Chip Hurley
(616) 304-5410
Source:
Carwm.resimplifi
Added: Nov 20, 2024
Changed: Oct 5
Last Checked: Oct 19 at 3:16AM
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 Jones Lang LaSalle
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Investment Insights
Based on property information with market context.
This warehouse property offers 159,194 square feet of space with parking, multiple loading docks, and a drive-in door. Office functionality can be incorporated within the warehouse, while loft-style office space is available in the adjacent historic structure.
Built in 1879, the property is located at 514 5th St NW in Grand Rapids, near downtown and the Bridge Street amenities. The lease includes taxes as well as structural repair and maintenance, providing defined coverage for those building-related responsibilities.
Built in 1879, the property is located at 514 5th St NW in Grand Rapids, near downtown and the Bridge Street amenities. The lease includes taxes as well as structural repair and maintenance, providing defined coverage for those building-related responsibilities.
Key Highlights
- 159,194‑square‑foot warehouse property
- Multiple loading docks and a drive‑in door
- Parking included on the property
Property Analytics
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Current Use
Lease Details
1
Drive-in doors
NNN (Triple Net)
Lease Type
$0.87 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,679
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49504, MI
41,249
Population
18,830
Households
2.2
Avg Household Size
33
Median Age
39%
College-Educated
90%
High-School Grad
11.1 sq mi
ZIP Area
3,716
Density / Sq Mi
$68,326
Median Household Income
$41,138
Median Earnings
$1,145
Median Rent
$222,600
Median Home Value
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Market
Lease Benchmarks for Grand Rapids, MI
$8.77 /SF/Yr
Avg Asking Price
$5.25–$20 /SF/Yr
Price Range
58,037 SF
Avg Space Size
This space is priced 34% below the average of $8.77 /SF/Yr.
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- ESJ Certified Solutions — 321 Pine Ave NW, Grand Rapids, MI 49504
Frequently Asked Questions
What type of property is this?
Warehouse - The property includes parking, multiple loading docks, and a drive-in door for warehouse operations.
Where is this warehouse located?
The property is located at 514 5th St NW Grand Rapids, MI.
What is the lease rate?
The lease rate is $5.80 SF/Yr.
What are key features of this property?
This property features: 159,194‑square‑foot warehouse property; Multiple loading docks and a drive‑in door; Parking included on the property
