Property profile

500 Plymouth NE Ave Grand Rapids, MI 49505

OFF-MARKET
Industrial properties
Property ID
US43-1832999
114,000 SF 12 ac lot Built 1997
Entity Owned 20-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional office space, located near downtown Grand Rapids at the east end of the Medical Mile, offers a unique opportunity for businesses seeking a premium corporate environment. The property, situated on 12.98 acres in Kent County, comprises a two-story building constructed in 1997. The space is available for lease as either a 35,000 square foot main level, or a combined 70,000 square foot turnkey solution encompassing both floors. The building features 8'-12' ceilings and abundant natural light, creating a bright and inspiring atmosphere. The thoughtfully designed layout maximizes efficiency, and includes stylish, technologically advanced meeting rooms. State-of-the-art amenities include high-speed internet, advanced security systems, and ample parking. The location offers easy access to transportation and a variety of nearby amenities, including restaurants, cafes, and retail outlets. The fully furnished nature of the space provides a truly turnkey solution, allowing businesses to move in and focus immediately on operations. The landlord is open to considering shorter-term lease options. This is an ideal location for businesses seeking a modern, efficient, and conveniently located office space.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1997
Total area 114,000 SF
Lot 12 ac (522,764 SF)
Zoning code SD-IT
APN 41-14-21-376-026
UPID US43-1832999

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

500 Plymouth NE Ave Grand Rapids, MI 49505-6030
Grand Rapids metro Census 2300 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
$5.15M
Blend (final) Blend
$5.16M

Owner & transaction history

since 2006
6 recorded transactions
2016
Price N/A
2006
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

SD-IT · Grand Rapids, MI
Zoning description

The Industrial-Transportation Districts (IT) are established to reflect the goals and objectives of the Master Plan for a wide range of light industrial and manufacturing uses, heavy manufacturing and processing of raw m…

General category INDUSTRIAL
Top alternative use upside
Auto repair, garage $7.1M +34.5%

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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