Industrial Multi-Suite
For Sale
Contact for pricing
465 Lake Michigan Drive, Grand Rapids, MI 49534
Four-bay industrial suites each include an overhead door, private restroom, and floor drain, offering flexible owner or tenant use.
Property Size4,500 SF
Price / SF$124.44
Days on Market59
Property Features for 465 Lake Michigan Drive
General Information
Standard status
Active
Size
4,500 SF
Total Parking Spaces
9
Property subtype
Industrial
Zoning
General Commercial District
Occupancy
66%
Investment Type
Value Add
Net Operating Income
$13,500
Building Details
Year Built
2009
Buildings
1
Units
3
Tenancy
Multi
Listing Agency:
Bradley Company Grand Rapids
Listed By:
Case Overweg · License #IN
Source:
Crexi
Added: Jun 15
Changed: Aug 8
Last Checked: Aug 12 at 12:20PM
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
Investment Insights
Based on property information with market context.
This sale offering totals 4,500 square feet of industrial space configured as three separate 1,500-square-foot suites within Lake Michigan Commerce Park. Each suite is equipped with an overhead door, a man door, a floor drain, and a private restroom, providing practical, self-contained functionality for industrial operations. The current setup includes Suites 8 and 9 combined under the owner’s use, and Suite 10 independently leased to an existing tenant.
The property is located at 465 Lake Michigan Drive in Standale, within Lake Michigan Commerce Park. The suites function as discrete spaces for day-to-day access and workflow, with overhead and man doors supporting both vehicle and personnel movement.
For buyers seeking flexibility, the owner indicates Suites 8 and 9 are currently occupied by the owner, with an option to lease back all of Suite 8 if the new owner would prefer that arrangement. Suite 10 is currently filled with a quality tenant paying $1,125 per month on an NNN basis, with a one-year lease expiration in March 2026. Overall, the multi-suite design can support a mix of owner-occupancy and leased income depending on how a buyer structures occupancy for each suite.
The property is located at 465 Lake Michigan Drive in Standale, within Lake Michigan Commerce Park. The suites function as discrete spaces for day-to-day access and workflow, with overhead and man doors supporting both vehicle and personnel movement.
For buyers seeking flexibility, the owner indicates Suites 8 and 9 are currently occupied by the owner, with an option to lease back all of Suite 8 if the new owner would prefer that arrangement. Suite 10 is currently filled with a quality tenant paying $1,125 per month on an NNN basis, with a one-year lease expiration in March 2026. Overall, the multi-suite design can support a mix of owner-occupancy and leased income depending on how a buyer structures occupancy for each suite.
Key Highlights
- 4,500 SF industrial space in Lake Michigan Commerce Park (Standale) built in 2009
- Composed of three 1,500 SF suites with overhead door, man door, floor drain, and private restroom
- Suite 8 & 9 currently occupied by the owner; owner willing to lease back Suite 8 if preferred
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
181
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49534, MI
23,996
Population
9,713
Households
2.5
Avg Household Size
37
Median Age
34%
College-Educated
95%
High-School Grad
35.3 sq mi
ZIP Area
680
Density / Sq Mi
$78,846
Median Household Income
$44,176
Median Earnings
$1,161
Median Rent
$270,200
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- ESJ Certified Solutions — 321 Pine Ave NW, Grand Rapids, MI 49504
- Self Storage — 55 Division Ave N, Grand Rapids, MI 49503
Frequently Asked Questions
What type of property is this?
Warehouse - Four-bay industrial suites each include an overhead door, private restroom, and floor drain, offering flexible owner or tenant use.
Where is this warehouse located?
The property is located at 465 Lake Michigan Drive Grand Rapids, MI.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: 4,500 SF industrial space in Lake Michigan Commerce Park (Standale) built in 2009; Composed of three 1,500 SF suites with overhead door, man door, floor drain, and private restroom; Suite 8 & 9 currently occupied by the owner; owner willing to lease back Suite 8 if preferred
