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    1035 Godfrey Ave Grand Rapids, MI 49503

    For Sale
    $3,960,000

    66,836 SF Warehouse, 2.34 Acres

    Property size:
    66,836 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 66,836-square-foot warehouse, situated on a generous 2.34-acre lot in Grand Rapids, Michigan, presents a compelling investment opportunity. Located at 1035 Godfrey Avenue SW, this industrial property boasts a prime location within Kent County, zip code 49503 (APN: 41-13-36-306-002), poised for significant future growth. The property benefits from its strategic placement adjacent to the Factory Yard Lofts Development, a project adding over 450 apartments, and the revitalized Roberto Clemente Park. This synergistic location enhances the property's long-term value and potential. The warehouse currently features several functional leased spaces, providing immediate cash flow for an investor with a long-term vision. This presents a unique opportunity for a buyer with a redevelopment plan in mind, capitalizing on the area's burgeoning growth and the existing income stream. The asking price for this substantial industrial property is $3,960,000. This property offers a blend of immediate return and significant future upside potential in a rapidly developing area. The property's size and location make it ideal for a variety of uses and redevelopment possibilities. Serious inquiries are encouraged.

    Property Features for 1035 Godfrey Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    66,836 SF
    Lot Size
    101,930 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pleasant Hearts Pet ... Non-Profit Organization The Motion Initiative Non-Profit Organization Grand Installations Cabinet Maker SafeComputerRecycling.com Recycling Center Huizen Furniture Warehouse Warehouse

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.6847384
    Latitude
    42.9439795

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    FAQs

    What type of property is this?
    Distribution property - 66,836 SF Warehouse, 2.34 Acres
    Where is this distribution property located?
    The property is located at 1035 Godfrey Ave Grand Rapids, MI.
    What is the asking price?
    The asking price for this property is $3,960,000.
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    1035 Godfrey Ave Grand Rapids, MI 49503
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    Grand Rapids, MI 49503
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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
    1035 Godfrey Ave Grand Rapids, MI 49503
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