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    Property profile & analytics
    OFF-MARKET Estimated value $4,420,000
    Manufacturing properties

    4315 3rd Mile NW Rd, Grand Rapids, MI 49534-1136

    71,798 SF 8.51 ac lot Built 1993
    Entity Owned 1-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-1141730
    Property summary
    AI-generated overview

    This exceptional 82,806-square-foot industrial building presents a rare opportunity in West Michigan. Situated on 8.51 acres with convenient I-96 access, this precast concrete facility offers significant expansion potential, adding another 54,000 square feet for a total of 136,806 square feet. Originally constructed in 1993 and expanded in 2017 (including a new roof), this well-maintained property boasts a fully air-conditioned interior, ample manufacturing power, and impressive features. Four drive-in doors and one dock provide efficient loading and unloading, while 24-foot ceilings offer ample vertical space. Seven cranes (5 to 20-ton capacity) and compressor lines cater to diverse manufacturing needs. The building also includes 19,196 square feet of modern office space, divided between a 10,094-square-foot main floor and a 9,102-square-foot second floor accessible by elevator. The office area was renovated in 2019. Its versatile design suits manufacturers, warehouse operators, and various other industrial users, even allowing for a potential two-tenant configuration. This property is located in Kent County and is available for sublease or purchase.

    Property profile
    Verified
    Property type Manufacturing properties
    Use group MANUFACTURING (LIGHT)
    Year built 1993
    Total area 71,798 SF
    Lot 8.51 ac (370,696 SF)
    Zoning code ML
    APN 41-13-06-400-031
    UPID US43-1141730
    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
    Current use
    Occupant on record · Public records
    • Specialty Tooling Systems Production Facility
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $4.42M
    Blend (final) Blend
    $4.42M
    Owner & transaction history
    Excalibur Holdings INC · 1 yrs held
    Excalibur Holdings INC
    since 2024
    5 recorded transactions
    2024
    2006
    1998
    1969
    1969
    Zoning & alternative use
    ML · Grand Rapids, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $6.3M +90.2%
    Retail stores $5.8M +76.4%
    Office building $5.5M +66.4%
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