C-1 Commercial
For Sale
$499,900
15 Coldbrook St NW, Grand Rapids, MI 49503
Downtown commercial parcel currently used as a landscape company headquarters.
Property Size2,880 SF
Price / SF$173.58
Days on Market300
Property Features for 15 Coldbrook St NW
General Information
Standard status
Active
Size
2,880 SF
Total Parking Spaces
4
Property subtype
Other
Zoning
C-1 Neighborhood Commercial Zone
Amenities
4 Parking Spaces
Building Details
Year Built
1966
Listing Agency:
Five Star Real Estate (Grandv)
Listed By:
Kevin Knoll
(616) 437-4219
Source:
Carwm.resimplifi
Added: Dec 18, 2025
Changed: Oct 4
Last Checked: Oct 12 at 4:47PM
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 Five Star Real Estate (Grandv)
Investment Insights
Based on property information with market context.
This commercial land property is located at 15 Coldbrook St NW in Grand Rapids, Michigan. The site carries C-1 Neighborhood Commercial Zone designation and is currently used as the headquarters for a landscape company. Its downtown setting and commercial zoning provide the primary documented characteristics of the offering.
Key Highlights
- C‑1 Neighborhood Commercial Zone designation
- Located at 15 Coldbrook St NW, Grand Rapids, MI 49503
- Currently used as a landscape company headquarters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,178
Cap Rate
7.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$703,560
$703.6K
Cap Rate 7%
$502,543
$502.5K
Cap Rate 9%
$390,867
$390.9K
Market Conditions
NOI Build-Up for 2,880 SF
Gross rent
$43.2K $15.00/SF
− Vacancy
−$1.8K −$0.63/SF
EGI
$41.4K $14.37/SF
− OpEx
−$6.2K −$2.16/SF
NOI
$35.2K $12.21/SF
Area
Grand Rapids, MI
Vacancy
4.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$703,560
Cap Rate 7%
$502,543
Cap Rate 9%
$390,867
Alternative Uses
Best Use
Warehouse
$502.5K
$439.7K – $586.3K
NOI $35,178 @ 7.0% cap · market cap 7.04%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$668.4K
$584.8K – $779.8K
NOI $46,786 @ 7.0% cap · market cap 9.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,431
Businesses Nearby
Explore this area
Business Placement
Demographics for 49503, MI
39,344
Population
19,017
Households
2.1
Avg Household Size
30
Median Age
44%
College-Educated
88%
High-School Grad
7.3 sq mi
ZIP Area
5,390
Density / Sq Mi
$61,734
Median Household Income
$36,694
Median Earnings
$1,207
Median Rent
$224,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Commercial land - Downtown commercial parcel currently used as a landscape company headquarters.
Where is this commercial land located?
The property is located at 15 Coldbrook St NW Grand Rapids, MI.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: C‑1 Neighborhood Commercial Zone designation; Located at 15 Coldbrook St NW, Grand Rapids, MI 49503; Currently used as a landscape company headquarters
