Property profile

3516 Roger B Chaffee Memorial Blvd Grand Rapids, MI 49548

OFF-MARKET
Warehouses
34,285 SF Built 1975
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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

Location

3516 Roger B Chaffee Memorial Blvd Grand Rapids, MI 49548
Grand Rapids metro
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Value estimations

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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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