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    1815 Steele Ave Grand Rapids, MI 49507

    Sponsored
    For Lease
    $55,560

    1.62-Acre Fenced Lot, US-131 Access

    Lot size:
    70,567 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 1.62-acre industrial property presents a rare leasing opportunity in Kent County, Michigan. Strategically located just off US-131, providing convenient access to downtown Grand Rapids and major transportation routes, this fully fenced lot offers significant advantages for businesses needing ample space for equipment and vehicle storage. The site is ideally suited for trailer parking, with the capacity to accommodate up to 70 loaded or unloaded 53-foot trailers, trucks, containers, or other equipment. The property is classified as industrial land with single-tenant occupancy. Lease terms are flexible and designed to meet individual business needs. The lease rate is inclusive of taxes and insurance; however, tenants are responsible for all other operating expenses. This prime location and generous space make this an unparalleled opportunity for businesses seeking a secure and easily accessible industrial site in a thriving urban area. The property's proximity to US-131 ensures efficient transportation and logistics, making it an attractive option for companies requiring convenient access to major roadways. Don't miss this chance to secure a valuable asset in a highly desirable location.

    Property Features for 1815 Steele Ave

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    70,567 SF
    Total Rate
    55560

    Unit(s) available at that property

    Space
    Size
    70,567 SF
    Rate per SF
    $55,560

    HighLights

    • 1.62‑acre fenced industrial lot in Kent County.
    • Single‑tenant industrial property with flexible lease terms.
    • Located off US‑131 near downtown Grand Rapids.
    • Capacity for up to 70 trailers, trucks, or containers.
    • Lease includes taxes and insurance; tenant responsible for other expenses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.679111
    Latitude
    42.930523

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    FAQs

    What type of property is this?
    Land - 1.62-Acre Fenced Lot, US-131 Access
    Where is this land located?
    The property is located at 1815 Steele Ave Grand Rapids, MI.
    What is the lease rate?
    The lease rate is $55,560.
    What are key features of this property?
    This property features: 1.62-acre fenced industrial lot in Kent County.; Single-tenant industrial property with flexible lease terms.; Located off US-131 near downtown Grand Rapids.
    Request Owner's contact information
    1815 Steele Ave Grand Rapids, MI 49507
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1815 Steele Ave Grand Rapids, MI 49507
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