Property profile

2973 Dormax SW St Grandville, MI 49418

OFF-MARKET
Manufacturing properties
Property ID
US43-1763643
43,720 SF 4.63 ac lot Built 2000
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 43,720-square-foot manufacturing and warehouse facility in Grandville, MI, is ideally situated between I-196 and US-131, offering convenient access to Grand Rapids and the Lakeshore markets. Built in 2000, this single-tenant building boasts a clean, move-in-ready interior and features four loading docks with levelers, two drive-in doors, and two points of entry/exit for efficient material handling. The property includes ample on-site parking and significant expansion potential of 40,000 square feet. The building's impressive features also include a 20-foot clear height, a comprehensive fire suppression system, 4,400 square feet of office space, and a 3,200-square-foot concrete mezzanine (not included in the total square footage). Power is supplied by a 14,400-volt primary power system with a building-owner-owned transformer, resulting in reduced service rates. The electrical service includes a 1,200-amp 277/480 main service, one 800-amp 277/480 panel, two 400-amp 277/480 panels, and multiple 200-amp 120/208 panels. An air compressor system is also in place. Located in Kent County, this property presents a rare opportunity for businesses seeking a high-quality, well-equipped industrial space in a prime location. The zip code is 49418.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 2000
Total area 43,720 SF
Lot 4.63 ac (201,683 SF)
Zoning code I-1
APN 41-17-16-110-031
UPID US43-1763643

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2973 Dormax SW St Grandville, MI 49418-1165
Grandville metro Census 13000 GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.42M
Blend (final) Blend
$2.42M

Owner & transaction history

since 2025
6 recorded transactions
2025
Price N/A
2023
Price N/A
2019
Price N/A
2013
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

I-1 · Grandville, MI
Zoning description

(A) I-1 Restricted Industrial District. The I-1 Restricted Industrial District accommodates industrial uses and processes of manufacture, fabrication, assembly, packaging, printing, reproduction, transportation, storage,…

General category INDUSTRIAL
Top alternative use upside
Commercial (general) $3.6M +81.0%
Retail stores $3.6M +79.1%
Office building $3.4M +68.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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