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Financial
Distress signals
Property profile

3405 3 Mile Rd NW Grand Rapids, MI 49544

FOR SALE
Other industrial land
Property ID
US43-1360417
3.77 ac lot
Last sale Nov 2023
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is an industrial-zoned vacant lot measuring approximately 164,221 square feet, located along the I-96 highway corridor with direct frontage and access to on- and off-highway movements. Although the legal address references 3 Mile Road, the lot is positioned on the opposite side of the highway and is accessed via South Industrial Drive off North Ridge through Fruit Ridge. Utilities are stubbed to the property, and a road stub exists about 300 feet from the lot line on an adjacent…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2021

What does the county charge?
$186
Tax billed · 2021
Assessed value · 2023$21k
Effective rate0.90%

Value estimate

· Oct 2026No data for this section
What is it worth?

No value estimate could be modeled: the record carries too little market input for this parcel.

Recently sold

What actually traded nearby?
$46/SF
Submarket average, outlier-cleaned · 42 recorded sales of this use type
Observed band · Q1–Q3$23 – $62

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?
MP
JurisdictionKENT

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant10.6
Furniture Store9.1
Law Firm9.1

Location

3405 3 Mile Rd NW Grand Rapids, MI 49544
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file 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

5 recorded sales · 14 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
160 1st NW, Grand Rapids, MI 49534 $325,000 Jan 2024 No data
200 Steele NW, Grand Rapids, MI 49534 $325,000 Nov 2023 No data
152 Steele NW, Grand Rapids, MI 49534-8742 $225,000 Nov 2021 No data
261 Steele NW, Grand Rapids, MI 49534-8739 $325,000 Jul 2021 No data
11503 3rd NW, Grand Rapids, MI 49534-6880 $325,000 Jul 2021 No data
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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