Property profile

3101 Fruit Rdg NW Ave Grand Rapids, MI 49544

OFF-MARKET
Warehouses
Property ID
US43-1931469
45,000 SF 31.91 ac lot
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Class A industrial suite, totaling 90,000 square feet, is available for lease in Grand Rapids, Michigan. Located at 3101 Fruit Ridge Ave NW, 49544, this single-tenant space is part of a larger, newly constructed 198,000 square foot facility completed in 2023. The building boasts impressive features ideal for manufacturing, warehousing, distribution, or research and development operations. Key features include a 32-foot clear ceiling height, 60'x50' column spacing, and ESFR sprinklers. The property benefits from heavy 3-phase power and air-conditioned warehouse space, ensuring a comfortable and efficient work environment. Its prime location offers excellent visibility and convenient freeway access via Fruit Ridge Avenue and proximity to M-96, providing easy access for suppliers, clients, and employees. The property is situated within a PA 198 district. This state-of-the-art facility provides an unparalleled opportunity to establish or expand your business in a strategic and highly accessible location within Grand Rapids. The building's modern design and ample space offer significant logistical advantages for businesses seeking efficient operations and a high-quality workspace.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Total area 45,000 SF
Lot 31.91 ac (1,390,000 SF)
Zoning code ML
APN 41-13-06-400-033
UPID US43-1931469

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Industrial Manufacturer Production Facility

Location

3101 Fruit Rdg NW Ave Grand Rapids, MI 49544-9774
Grand Rapids metro Census 11601 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
by Request
Blend (final) Blend
$795k

Owner & transaction history

since 2023
3 recorded transactions
2023
Price N/A
2023
Price N/A
2022
Price N/A

Zoning & alternative use

ML · Grand Rapids, MI

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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