Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    728 Mckendrick St Grand Rapids, MI 49503

    For Sale
    $1,295,000

    15,464 SF Multi-Tenant Industrial

    Property size:
    15,464 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a recently renovated, multi-tenant industrial warehouse located at 728 McKendrick St SW, Grand Rapids, MI 49503. The 15,464 square foot building sits on a 0.87-acre lot (APN: 41-17-01-355-010) and is zoned SD-IT. Boasting 18-20 foot ceiling heights, the property features one loading dock and four 14-foot drive-in doors, providing ample access for various industrial uses. The building also offers significant on-site parking and outdoor storage space. Recent improvements have enhanced functionality and desirability, making it attractive to a wide range of tenants. Currently, leases are all less than two years in length, with average modified gross rents of $7.21 per square foot, presenting a strong opportunity to increase net operating income (NOI) in the coming years. Estimated annual expenses are $28,000. The property includes 200 amp, 480v, 3-phase power. Its prime location offers incredible access to the US-131 & Burton Street interchange, enhancing its logistical advantages. The asking price is $1,295,000 ($83.74 per square foot). This is a rare chance to acquire a well-maintained, multi-tenant industrial property in a thriving Grand Rapids location with significant upside potential.

    Property Features for 728 Mckendrick St

    General Information

    Property type
    Distribution properties
    Square Feet
    15,464 SF
    Lot Size
    37,897 SF

    HighLights

    • Recently renovated, multi‑tenant industrial warehouse totaling 15,464 square feet.
    • Located at 728 McKendrick St SW, Grand Rapids, MI 49503, on a 0.87‑acre lot (APN: 41‑17‑01‑355‑010), zoned SD‑IT.
    • Features 18‑20 foot ceiling heights, one loading dock, and four 14‑foot drive‑in doors.
    • Offers ample on‑site parking and outdoor storage, plus 200 amp, 480v, 3‑phase power.
    • Asking price: $1,295,000 ($83.74 PSF); currently leased with potential for NOI growth.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kong Modz LLC Auto Repair Shop

    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
    -85.6802819
    Latitude
    42.94807

    Nearby Similar for Sale

    • $897,500
      0.36 Acres

      Historic Grand Rapids Multifamily Property

      Spacious, historic multifamily home in Grand Rapids' Heritage Hill district.
      400 Fulton St E, Grand Rapids, MI 49503
      View Details
    • New
      $425,000
      Pending

      Grand Rapids Two-Unit Property

      Well-maintained two-unit property near Wealthy Street Corridor.
      321 Henry Ave SE, Grand Rapids, MI 49503
      View Details
    • $1,749,900
      0.15 Acres

      Historic Boutique Hotel Opportunity

      Turn-key boutique hotel in downtown Grand Rapids with luxury suites.
      22 Jefferson Ave SE, Grand Rapids, MI 49503
      View Details
    • $799,999
      0.17 Acres

      Mixed-Use Block in Grand Rapids

      Seven buildings with apartments, commercial units, and a single-family home.
      1200-1210 White St NW, Grand Rapids, MI 49504
      View Details
    • $930,000
      0.17 Acres

      Renovated Two-Unit Home Near Downtown

      Spectacularly renovated two-unit home near Heritage Hill and downtown.
      643 Madison Ave SE, Grand Rapids, MI 49503
      View Details
    • New
      $330,000
      0.11 Acres

      Grand Rapids Multifamily Home

      Spacious 4-bedroom home near Wealthy Street District.
      1019 Calvin Ave SE, Grand Rapids, MI 49506
      View Details

    FAQs

    What type of property is this?
    Distribution property - 15,464 SF Multi-Tenant Industrial
    Where is this distribution property located?
    The property is located at 728 Mckendrick St Grand Rapids, MI.
    What is the asking price?
    The asking price for this property is $1,295,000.
    What are key features of this property?
    This property features: Recently renovated, multi-tenant industrial warehouse totaling 15,464 square feet.; Located at 728 McKendrick St SW, Grand Rapids, MI 49503, on a 0.87-acre lot (APN: 41-17-01-355-010), zoned SD-IT.; Features 18-20 foot ceiling heights, one loading dock, and four 14-foot drive-in doors.
    Request Owner's contact information
    728 Mckendrick St Grand Rapids, MI 49503
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    728 Mckendrick St
    Grand Rapids, MI 49503
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    728 Mckendrick St Grand Rapids, MI 49503
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.