Property profile

760 36Th St Grand Rapids, MI 49548

OFF-MARKET
Warehouses
20,000 SF 0.87 ac lot
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Property summary

AI-generated overview

This exceptional multi-tenant industrial property, located at 760 36th Street SE in Grand Rapids, Michigan, presents a compelling investment opportunity. The 20,000-square-foot building sits on a 0.87-acre lot and is zoned for industrial use. Priced at $2,495,000 ($124.75/SF), this property offers two distinct units, each ideal for owner-occupancy and leasing. The larger unit, totaling 15,546 square feet, boasts 1,752 square feet of office space featuring private offices, restrooms, reception, and a break area. The warehouse portion encompasses 13,704 square feet, with 20-foot clear ceilings, 400 amps of 480v-3/phase power, two loading docks, and one drive-in door. The smaller unit, at 4,544 square feet, includes 3,010 square feet of office space with similar amenities, and a 1,534-square-foot warehouse area featuring one loading dock, one drive-in door, and 18-foot clear heights. Both units benefit from three total loading docks and three dock-high doors. The property includes ample parking (40 spaces), a significant advantage in the current market. The parking lot was recently repaved in 2022. The building will be vacant and ready for occupancy on December 1st, offering immediate flexibility for the new owner. The property's location near US-131 provides excellent access and visibility. The property's APN is 41-18-19-227-029. This is a NNN lease type property.

Property profile

Verified
Property type Warehouses
Total area 20,000 SF
Lot 0.87 ac (37,897 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Transit Station
  • Hotel & Motel

Location

760 36Th St Grand Rapids, MI 49548
Grand Rapids metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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