3147 Fruit Ridge AveWalker, MI 49544

This exceptional investment opportunity presents a 30,000-400,002 square foot manufacturing facility situated on an expansive 11.52-acre lot in Grand Rapids, Michigan. The property, located at 3147 Fruit Ridge Ave NW, 49544, boasts three single-story buildings constructed in 1980 and benefits from convenient access to I-96 via the Fruitridge exit. Currently operating as a lumber distribution and truss manufacturing facility under a net lease, the property offers a strong investment profile with a 4.46% cap rate and a substantial net operating income (NOI) of $129,682. The lease, with a remaining term of approximately 4.9 years, expires October 1, 2029. Key features include two loading docks, two dock-high doors, and an 18-foot ceiling height. The property includes 35 parking spaces and is zoned for industrial use. This is a rare opportunity to acquire a well-located, established industrial property with rail service, offering significant potential for long-term growth and return. The property is currently under a single-tenant, net lease agreement commencing October 1, 2024. There are no rent bumps included in the current lease.