Property profile

45 Barry SE St Grand Rapids, MI 49548

OFF-MARKET
Warehouses
Property ID
US43-1636193
7,700 SF 0.84 ac lot Built 1987
Entity Owned 23-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 7,700 square foot single-tenant office building, located at 45 Barry St SE in Grand Rapids, Michigan, presents a unique leasing opportunity. Built in 1987, this one-story structure sits on a 0.845-acre lot and is zoned C-2 General Commercial (APN: 41-22-07-353-058). The building features a spacious interior with a 20-foot ceiling height, ideal for various office configurations. Three dock-high doors ensure efficient loading and unloading, while the 150-amp power supply accommodates diverse operational needs. Its prime location offers easy access to US-131, providing seamless transportation links. The entire 7,700 square feet is currently vacant and ready for immediate occupancy. This property is perfect for businesses seeking a functional and strategically located office space in Grand Rapids. The building's design and features make it suitable for a wide range of office uses, offering ample space for both administrative functions and potential storage. The convenient access to major transportation routes enhances logistical efficiency, making this a highly desirable location for businesses seeking a competitive edge. This is a rare opportunity to secure a well-maintained, single-tenant office building in a thriving commercial area.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1987
Total area 7,700 SF
Lot 0.84 ac (36,808 SF)
Zoning code C2-HEAVY COMM
APN 41-22-07-353-058
UPID US43-1636193

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
  • (Bike/Boat/Book/etc) Store

Location

45 Barry SE St Grand Rapids, MI 49548-7713
Grand Rapids metro Census 14704 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
$265k

Owner & transaction history

since 2003
3 recorded transactions
2003
Price N/A
2003
Price N/A
1998
$285,000

Zoning & alternative use

C2-HEAVY COMM · 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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