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Property profile

1564 Walker NW Ave Grand Rapids, MI 49504

OFF-MARKET
Commercial real estate
Property ID
US43-1820195
1,708 SF 0.15 ac lot Built 1983
Last sale Nov 2021 · $180,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This 1,760 sq ft vacant office building in Grand Rapids, MI, is a value-add opportunity. Located at 1564 Walker Ave NW, this single-story, Class C property sits on a 0.15-acre lot and boasts a 10' ceiling height. Built in 1983, the property includes a main 1,400 sq ft building, a 300 sq ft garage, and a 120 sq ft shed. The property benefits from its location at a busy intersection with over 20,000 vehicles per day, and features two billboards generating additional income. Zoned TN-TBA, 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. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2021

What does the county charge?
$3k
Tax billed · 2021
Assessed value · 2023$88k
Effective rate2.94%

Value estimate

· Nov 2026
$165k
$149k – $182k

Realmo valuation models over county records and 10 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 comparables10

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
TN-TBA
JurisdictionKENT

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency45.5
Law Firm42.0
Restaurant37.1

Location

1564 Walker NW Ave Grand Rapids, MI 49504-3962
County assessor Recorded deeds · 6 transfers 10 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
521 Leonard NW, Grand Rapids, MI 49504-4290 $395,000 Jan 2025 1,995 SF
802 Alpine NW, Grand Rapids, MI 49504-4410 $300,000 Jan 2025 2,244 SF
2015 Brg NW, Grand Rapids, MI 49504-4783 $315,000 Dec 2024 1,956 SF
1610 Alpine NW, Grand Rapids, MI 49504-2802 $330,000 Aug 2024 2,250 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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