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    OFF-MARKET
    Warehouses

    3516 Roger B Chaffee Memorial Blvd, Grand Rapids, MI 49548

    34,285 SF Built 1975
    Property ID
    Property summary
    AI-generated overview

    This Grand Rapids, Michigan industrial property, located at 3516 Roger B Chaffee Memorial Blvd SE, offers 34,285 square feet of warehouse, commercial, and manufacturing space across four buildings situated on a 10.01-acre lot. The property, zoned I-1, features multiple suites available for lease, with a minimum divisible space of 2,000 square feet and a maximum contiguous space of 2,000 square feet. Currently, 2,000 square feet are vacant. Built in 1975 and renovated in 2017, the property boasts 18-20 foot ceiling heights and includes one drive-in door. The property benefits from its convenient location near US-131, providing easy access to the entire West Michigan market. Recent improvements include the installation of solar panels, asphalt replacement, exterior LED lighting, new tenant directories, and landscaping enhancements. Each suite includes an office area and either a drive-in or dock-high door (specific door type varies by suite). Suite 3532, for example, offers 2,000 square feet with 300 square feet of office space and 1,700 square feet of warehouse space, accessible via a drive-in door. The property's APN is 41-18-18-476-006, and it's located in Kent County, with a zip code of 49548. Available April 1, 2024.

    Property profile
    Verified
    Property type Warehouses
    Year built 1975
    Total area 34,285 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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