Financial
Distress signals
Property profile

1205 Bridge St NW Grand Rapids, MI 49504

FOR SALE
Other commercial real estate
Property ID
US43-0864960
3,219 SF 0.11 ac lot Built 1946
Last sale Mar 2023 · $480,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Renovated mixed-use property located on Bridge Street consisting of three separate units. Unit A is a street-level space configured for retail or office use. Unit B is a studio apartment. Unit C is a larger residential unit with 3 bedrooms and 1 bathroom. All units feature updated interior finishes. The property has four off-street parking spaces and provides street visibility on Bridge Street. The building is situated within a walkable area that includes dining, breweries, and shopping, and it

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2021

What does the county charge?
$2k
Tax billed · 2021
Assessed value · 2023$141k
Effective rate1.65%

Value estimate

· Sep 2026
$460k
$414k – $506k
NOI build-up
Gross scheduled income$61k
Vacancy & credit loss−$3k
Operating expenses−$17k
NOI · 6.22% cap applied$40k

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$75/SF
ZIP average, outlier-cleaned · 47 recorded sales of this use type
Observed band · Q1–Q3$37 – $112
Qualifying comparables8

Cap rate analysis

How does the asset earn?
6.22%
$40k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
TN-MDR
JurisdictionKENT

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office30.9
Realty agency29.6
Law Firm26.6

Location

1205 Bridge St NW Grand Rapids, MI 49504
County assessor Recorded deeds · 7 transfers 8 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
925 Brg NW, Grand Rapids, MI 49504-5537 $350,000 Jan 2026 2,772 SF
1054 Fulton W, Grand Rapids, MI 49504-6153 $420,000 Jan 2026 3,720 SF
517 Leonard NW, Grand Rapids, MI 49504-4281 $395,000 Jan 2025 2,517 SF
1155 Walker NW, Grand Rapids, MI 49504-7404 $345,000 Jan 2024 2,640 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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