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Property profile & analytics
FOR LEASE
Commercial real estate
4147 Eastern Ave SE, Grand Rapids, MI 49548
Entity Owned
Free & Clear
Property ID
US43-1152713
For Lease
1 / 58
$11 SF/Yr
4147 Eastern Ave SE, Grand Rapids, MI 49548
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Property summary
AI-generated overview
This exceptional 97,167 square foot Class B office building, located at 4147 Eastern Ave SE in Wyoming, Kent County, presents a unique investment opportunity. Built in 1963 and extensively renovated in 2014, this two-story structure sits on an expansive 11.11-acre lot (APN: 41-18-19-426-011). Currently offering 97,713 square feet of vacant space, the property is ideally suited for multiple tenants. Flexible floor plans allow for spaces ranging from a minimum of 20,000 square feet to a maximum contiguous space of 49,113 square feet, catering to a variety of business needs. The building's previous configuration as a data/call center demonstrates its adaptability, making it suitable for diverse office users. Amenities include well-designed office space featuring open areas, private offices, and conference rooms, enhancing productivity and collaboration. On-site conveniences include a fitness center and a small market for employees' grab-and-go needs. This property offers a compelling blend of established infrastructure and modern amenities, making it an attractive option for businesses seeking a prominent location in Wyoming. The significant vacant space presents a rare opportunity for a substantial tenant or a portfolio of smaller tenants.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1963
Total area
101,916 SF
Lot
11.11 ac (483,952 SF)
Zoning code
I1
APN
41-18-19-426-011
UPID
US43-1152713
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.59M
Blend (final)
Blend
$6.59M
Owner & transaction history
4147 Easter LLC
4147 Easter LLC
since 2026
7 recorded transactions
Zoning & alternative use
I1 · Wyoming, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Grand Rapids submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grand Rapids submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$9,070,000
Current use
RETAIL STORES
$8,285,000
Change: -9% · Conversion: Easy
OFFICE BUILDING
$7,815,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$6.59M
Range $5.93M – $7.25M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$65 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2021Property tax & assessments
Tax year 2021
Tax billed
$184,364
Tax year 2021
Assessed value
$4,378,700
Assessed 2023
Previous assessed
$3,995,600
+9.6% YoY
Effective rate
4.21%
On assessed value
Total market value
$8,757,400
Applied tax rate
93.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Year built
1963
Heating
FORCED AIR
Buildings
1
Stories
2
Total area
101,916 SF
Lot
11.11 ac (483,952 SF)
Zoning code
I1
APN
41-18-19-426-011
UPID
US43-1152713
Jurisdiction
KENT
Zoning & alternative use
I1 · Wyoming, MI
Zoning I1 · permitted uses
I1 · Wyoming, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wyoming. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$9.1M
RETAIL STORES
Est. value
$8.3M
OFFICE BUILDING
Est. value
$7.8M
COMMERCIAL (GENERAL) Current
RETAIL STORES
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1963
Heating
FORCED AIR
Stories
2
Buildings
1
Lot
11.11 ac
Current owner
From public records · entity-resolved
4147 Easter LLC
Entity
Free & Clear · 0 yrs held
Mailing address
135 ROCKAWAY TPKE STE #101, LAWRENCE, NY 11559-1033
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2026
—
4147 Easter LLC
Friedman Real Estate Management
Deed
—
May 14, 2019
—
Red River 4147 Eastern LLC
4147 Gr Owner LLC
Quit Claim Deed
—
Jun 30, 2015
—
4147 Gr Owner LLC
Franklin Eastern LLC
Grant Deed
$7,125,000 · Ladder Cap Fin
Oct 19, 2010
—
Franklin Eastern Office LLC
Franklin Eastern LLC
Quit Claim Deed
—
Oct 24, 2006
—
Franklin Eastern LLC
Dematic Corp
Grant Deed
$4,400,000 · Private Bank & Trust Co
Mar 13, 2006
—
Dematic Corp
Siemens Logistics & Assembly S
Quit Claim Deed
related
—
—
—
Franklin Eastern LLC
—
Loan Modification
related
$4,662,000 · Privatebank & Tr
—
—
Franklin Eastern LLC
—
Deed Of Trust
related
$200,000 · Private Bank & Trust Co
—
—
Franklin Eastern LLC
—
Loan Modification
related
$4,824,000 · Private Bk/buckhead
—
—
Franklin Eastern LLC
—
Deed Of Trust
related
$5,400,000 · Privatebank & Trust
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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