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Financial
Distress signals
Property profile

2935 Buchanan Ave SW Grand Rapids, MI 49548

FOR LEASE
Other commercial real estate
Property ID
US43-1624259
8,473 SF 0.63 ac lot Built 1984
Last sale May 2017
Entity Owned Owner of record is a legal entity (LLC / corporation). 9-yr Hold Held for 9 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A single-story office building with 8,257 SF of space, originally built in 1984 and renovated in 2017. The interior is configured into two functional portions: one arranged for owner-occupant use and another portion used under long-term tenancy; the office setup and updated interior features support continued commercial use. The property is located at 2935 Buchanan Avenue in Grand Rapids, Michigan, near downtown and the 131 expressway, and it is identified as Light Industrial zoning, accommodating an office use with existing tenancy and an owner-user component.

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?
$9k
Tax billed · 2021
Assessed value · 2023$159k
Effective rate5.37%

Value estimate

· Oct 2026
$330k
$297k – $363k
NOI build-up
Gross scheduled income$136k
Vacancy & credit loss−$31k
Operating expenses−$26k
NOI · 246,246.89% cap applied$79k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$72/SF
ZIP average, outlier-cleaned · 68 recorded sales of this use type
Observed band · Q1–Q3$34 – $126
Qualifying comparables6

Cap rate analysis

How does the asset earn?
246,246.89%
$79k 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?
I1
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 agency16.9
Law Firm16.7
Dental Office10.3

Location

2935 Buchanan Ave SW Grand Rapids, MI 49548
County assessor Recorded deeds · 3 transfers 6 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
3030 Hillcroft SW, Wyoming, MI 49548-1035 $165,000 Dec 2025 11,666 SF
3946 Division S, Wyoming, MI 49548-3254 $352,000 Jul 2025 4,487 SF
660 56th SE, Kentwood, MI 49548-0846 $1,180,000 May 2025 7,632 SF
3340 Division S, Wyoming, MI 49548-2117 $480,000 Dec 2024 4,628 SF
700 36th SE, Wyoming, MI 49548-2332 $815,000 Aug 2024 15,184 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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