2500 104th Ave Zeeland, MI 49464-6801
- Flex space
- 83,609 SF
- 8.79 lot acres
Oct 13, 2025
Current Use by Public Records
- G. A. Richards Machine Automation Group / Machining Manufacturer
- Corlett-Turner / Auto Machine Shop
Property Details for 2500 104th Ave
- Lot size
- 8.79 lot acres
- Property size
- 83,609 SF
- Zone code
- I-2
- Property type
- Flex space
- APN
- 70-16-13-300-023
- APU
- 701613300023
Description
This exceptional investment opportunity presents a 62,109-square-foot manufacturing facility located at 2500 104th Avenue, Zeeland, MI 49464. The property, built in 1970, sits on an 8.79-acre lot and boasts a strong 100% occupancy rate under a single, long-term absolute NNN lease expiring July 7, 2041 (16.6 years remaining). The lease includes attractive 3.5% annual rent bumps, ensuring consistent income growth. The building features 16-foot ceilings, five dock-high doors, and two loading docks, ideal for efficient manufacturing operations. With a current NOI of $199,598 and an asking price of $3,070,738.46, this property offers a compelling 6.50% cap rate. The property's solid construction, including concrete and steel, and its strategic location in Ottawa County, Michigan, make it a highly desirable asset for long-term investors seeking stable, high-yield returns in the industrial sector. The property's well-maintained condition and robust infrastructure further enhance its investment appeal. This is a single-unit property with a price per square foot of $49.44 and a price per unit matching the asking price. The APN is 701613300023. This is an absolute NNN long-term lease investment.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Zeeland
- County
- Ottawa
- State
- Michigan
- Longitude
- -86.0372
- Latitude
- 42.8138
- CBSA code
- 24340
- CBSA name
- GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA
