Property profile

4315 3rd Mile NW Rd Grand Rapids, MI 49534

OFF-MARKET
Manufacturing properties
Property ID
US43-1141730
71,798 SF 8.51 ac lot Built 1993
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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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

Current use

Occupant on record · Public records
  • Production Facility

Location

4315 3rd Mile NW Rd Grand Rapids, MI 49534-1136
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
$4.42M
Blend (final) Blend
$4.42M

Owner & transaction history

since 2024
5 recorded transactions
2024
Price N/A
2006
Price N/A
1998
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

ML · Grand Rapids, MI
Top alternative use upside
Commercial (general) $6.3M +90.2%
Retail stores $5.8M +76.4%
Office building $5.5M +66.4%

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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