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5501 Glenwood Hills Parkway SE, Grand Rapids, MI 49512

Proposed Class A office building in a highly visible development.

Space Size136,000 SF
Days on Market1980

Property Features for 5501 Glenwood Hills Parkway SE

General Information

Standard status Active
Size 136,000 SF
Class A
Total Parking Spaces 695
Property subtype Office

Building Details

Building Size 136,000 SF
Tenancy Single

Spaces For Lease

at 5501 Glenwood Hills Parkway SE Contact us

Space 1

Size
136,000 SF
Type
Office
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: Hinman
Listed By: Richard MacDonald · License #MI 6502139657
Source: Crexi
Added: Apr 5, 2021 Changed: Aug 27 Last Checked: Aug 31 at 2:49AM

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 Hinman

Investment Insights

Based on property information with market context.

Located at Kraft Avenue SE and Glenwood Hills Parkway SE in Grand Rapids, Michigan, 5501 Glenwood Hills is a proposed 4-story, Class A corporate office building. Situated in the highly visible Glenwood Hills development, which comprises numerous office buildings adjacent to the Interstate 96 corridor, this location offers build-to-suit opportunities suitable for a corporate headquarters or a large regional operation. The location is less than 15 minutes from Downtown Grand Rapids. The Hinman Company provides property management services. In-house construction and design professionals are available to help create workspaces. Market-leading amenities include health and fitness, and indoor-and-outdoor common areas. Signage opportunities are available along Interstate 96. The location allows tenants to take advantage of surrounding retail, residential, entertainment, and office amenities, with Woodland Mall a nine-minute drive away. Located in one of Grand Rapids’ most desirable residential communities, 5501 Glenwood Hills is convenient for local business owners and executives. The area is home to multiple nationally recognized businesses. Access from Interstate 96 and M-6 reduces commuting times, and ample parking opportunities and easy ingress and egress are available. Business travel options are convenient from the nearby Gerald R. Ford International Airport. The area offers pedestrian- and bike-friendly routes and multiple bus stops along 28th Street. The area presents businesses with a well-educated and fast-growing workforce. 72.6% of Cascade residents hold college degrees, and the population within a 5-mile radius is expected to grow over 3.6% in the next five years. This location is suitable for businesses of all sizes.

Key Highlights

  • Build‑to‑suit Class A corporate office building in a highly visible, park‑like setting.
  • Prime location less than 15 minutes from Downtown Grand Rapids.
  • Unparalleled management by The Hinman Company with in‑house construction/design professionals.

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Dental Office Storage Facility Garden Center Plumbing Service (Bike/Boat/Book/etc) Store Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

695
Businesses Nearby

Demographics for 49512, MI

18,558
Population
8,870
Households
2.1
Avg Household Size
33
Median Age
38%
College-Educated
91%
High-School Grad
23.0 sq mi
ZIP Area
807
Density / Sq Mi
$70,955
Median Household Income
$41,538
Median Earnings
$1,229
Median Rent
$279,900
Median Home Value

Market

Lease Benchmarks for Grand Rapids, MI

$18.81 /SF/Yr
Avg Asking Price
$11.95–$30 /SF/Yr
Price Range
49,025 SF
Avg Space Size

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Proposed Class A office building in a highly visible development.
Where is this office building located?
The property is located at 5501 Glenwood Hills Parkway SE Grand Rapids, MI.
What are key features of this property?
This property features: Build‑to‑suit Class A corporate office building in a highly visible, park‑like setting.; Prime location less than 15 minutes from Downtown Grand Rapids.; Unparalleled management by The Hinman Company with in‑house construction/design professionals.
(269) 342-8600 Call to check price and availability
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