728 Mckendrick St Grand Rapids, MI 49503
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15,464 SF Multi-Tenant Industrial
Property size:
15,464 SFProperty Features for 728 Mckendrick St
General Information
- Property type
- Distribution properties
- Square Feet
- 15,464 SF
- Lot Size
- 37,897 SF
Listing Agent: Jon Geenen
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
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 Profile
Insight Report
Location Intelligence
Current Use by Public Records
Kong Modz LLC
Auto Repair Shop
Location Insight
- Map
- Local Demand
- City
- Grand Rapids
- County
- Kent
- State
- Michigan
- Longitude
- -85.6802819
- Latitude
- 42.94807
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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.
