Light Industrial Manufacturing
For Sale
$995,000
Pending
3745 Dykstra Dr NW, Grand Rapids, MI 49544
Manufacturing, warehouse, production, and other light industrial uses are supported within an established industrial corridor.
Property Size7,610 SF
Days on Market198
Property Features for 3745 Dykstra Dr NW
General Information
Standard status
Pending
Size
7,610 SF
Property subtype
Industrial
Zoning
MP
Amenities
Power
Water
Sewer
Natural Gas
Building Details
Year Built
1983
Listing Agency:
NAI Wisinski of West Michigan
Listed By:
Stuart Kingma · License #6502368294
(616) 575-7022
Source:
Carwm.resimplifi
Added: Apr 1
Changed: Oct 7
Last Checked: Oct 14 at 7:45PM
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 NAI Wisinski of West Michigan
Investment Insights
Based on property information with market context.
This manufacturing property in Walker includes a building configured for metal fabrication and material-handling equipment production. Existing functional applications include stamping, assembly, and custom manufacturing, with additional suitability for warehouse and other light industrial operations.
Built in 1983, the property is located in an established industrial corridor on the northwest side of Grand Rapids. Access to I-96 and US-131 provides connectivity to major transportation routes. The site carries MP zoning.
Built in 1983, the property is located in an established industrial corridor on the northwest side of Grand Rapids. Access to I-96 and US-131 provides connectivity to major transportation routes. The site carries MP zoning.
Key Highlights
- Configured for stamping, assembly, and custom manufacturing operations
- Suitable for warehouse, production, and other light industrial uses
- MP zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,362
Cap Rate
7.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,587,240
$1.6M
Cap Rate 7%
$1,133,743
$1.1M
Cap Rate 9%
$881,800
$881.8K
Market Conditions
NOI Build-Up for 7,610 SF
Gross rent
$118.7K $15.60/SF
− Vacancy
−$5.3K −$0.70/SF
EGI
$113.4K $14.90/SF
− OpEx
−$34.0K −$4.47/SF
NOI
$79.4K $10.43/SF
Area
Grand Rapids, MI
Vacancy
4.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,587,240
Cap Rate 7%
$1,133,743
Cap Rate 9%
$881,800
Alternative Uses
Best Use
Warehouse
$1.33M
$1.16M – $1.55M
NOI $92,952 @ 7.0% cap · market cap 9.34%
Second Best
Industrial
$1.13M
$992.0K – $1.32M
NOI $79,362 @ 7.0% cap · market cap 7.98%
Theoretical Best
Specialty Retail
$1.77M
$1.55M – $2.06M
NOI $123,624 @ 7.0% cap · market cap 12.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
194
Businesses Nearby
Explore this area
Business Placement
Demographics for 49544, MI
9,514
Population
4,195
Households
2.3
Avg Household Size
35
Median Age
34%
College-Educated
94%
High-School Grad
19.9 sq mi
ZIP Area
478
Density / Sq Mi
$69,706
Median Household Income
$43,785
Median Earnings
$1,119
Median Rent
$247,500
Median Home Value
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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?
Manufacturing property - Manufacturing, warehouse, production, and other light industrial uses are supported within an established industrial corridor.
Where is this manufacturing property located?
The property is located at 3745 Dykstra Dr NW Grand Rapids, MI.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Configured for stamping, assembly, and custom manufacturing operations; Suitable for warehouse, production, and other light industrial uses; MP zoning
