14170 172nd Ave Grand Haven, MI 49417-9431
Property profile & analytics
14170 172nd Ave Grand Haven, MI 49417-9431
- Flex space
- 59,559 SF
- 9.63 lot acres
Property ID
US43-2294656
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Flex space
Property Details for 14170 172nd Ave
- Lot size
- 9.63 lot acres
- Property size
- 59,559 SF
- Zone code
- OVERLAY
- Property type
- Flex space
- APN
- 70-07-04-200-015
- APU
- 700704200015
Description
This exceptional investment opportunity presents a single-tenant, absolute NNN leased industrial manufacturing facility located at 14170 172nd Ave, Grand Haven, MI 49417. The property boasts a substantial 59,559 square feet of space, situated on a 14.47-acre lot. Built in 1975, this well-maintained building features high-bay concrete and steel construction, ideal for manufacturing operations. The property includes 5 loading docks and 6 dock-high doors, facilitating efficient material handling. The ceiling height is 16 feet, providing ample vertical space. The current lease, with a remaining term of 21.6 years (expiring July 7, 2046), offers significant long-term stability. The lease incorporates a 3.5% annual rent bump, ensuring consistent income growth. With a Net Operating Income (NOI) of $223,305 and an asking price of $3,435,462, this property offers a compelling 6.50% capitalization rate. This is a rare opportunity to acquire a well-located, high-quality industrial asset with a strong tenant and substantial remaining lease term in the thriving Grand Haven market. The property's robust construction, ample space, and strategic location make it an attractive investment for discerning buyers seeking long-term, passive income generation. The building is well-suited for its current manufacturing occupant and offers potential for future expansion.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,278,000
- AI Estimate
- $3,278,000
Market price range: $3.28M - $7.78MMarket price range: $3.28M - $7.78M -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $5,220,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Grand Haven
- County
- Ottawa
- State
- Michigan
- Longitude
- -86.2126
- Latitude
- 43.0262
- CBSA code
- 24340
- CBSA name
- GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$50,018
$0.00
$0.00
$1,150,600
-
$0.00
$0.00
$2,301,200
