5500 Executive SE Pkwy Grand Rapids, MI 49512-5507
Property profile & analytics
5500 Executive SE Pkwy Grand Rapids, MI 49512-5507
- Industrial properties
- 54,675 SF
- 6.66 lot acres
Property ID
US43-1351248
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Audio Advisor, Inc. / Electronics & Wireless Store
- Hill Machinery Company / Industrial Manufacturer
Property Details for 5500 Executive SE Pkwy
- Lot size
- 6.66 lot acres
- Property size
- 54,675 SF
- Zone code
- PUD
- Property type
- Industrial properties
- APN
- 41-19-31-200-055
- APU
- 411931200055
Description
This exceptional 56,000-square-foot industrial facility, situated on a 6.63-acre lot in Grand Rapids, Michigan's desirable Airport Area submarket, presents a unique investment opportunity. Built in 2019, this state-of-the-art building boasts a professional corporate image and is conveniently located minutes from M-6 and I-96 highways. The property is impeccably maintained, featuring modern amenities such as solar panel electric generation, an ESFR fire suppression system, and two EV charging stations. High ceilings (26'-30'), ample power (1,200 amps), and efficient column spacing (67'x30') provide optimal functionality. Six loading docks and two drive-in doors ensure efficient material handling. The building also includes 4,500 square feet of beautifully appointed office space and a 2,000-square-foot professionally finished mezzanine (not included in the 56,000 SF total). Currently, 38,990 square feet is available for occupancy within 60-90 days of closing, with 17,010 square feet leased until June 30, 2028, offering immediate income potential for investors. Additional features include LED lighting and six 18' circulating fans. The property's location, modern design, and existing lease provide an attractive proposition for both owner-occupants and investors seeking a high-quality industrial asset in a prime location. The asking price is $7,000,000. The address is 5500 Executive Parkway SE, Grand Rapids, MI 49512.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,367,000
- AI Estimate
- $3,367,000
Market price range: $1.24M - $3.37MMarket price range: $1.24M - $3.37M -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $2,520,000 Current use
- RETAIL STORES
- $4,445,000 Change: +76% Conversion: Moderate
- OFFICE BUILDING
- $4,190,000 Change: +66% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $3,385,000 Change: +34% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Grand Rapids
- County
- Kent
- State
- Michigan
- Longitude
- -85.5376
- Latitude
- 42.8628
- CBSA code
- 24340
- CBSA name
- GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2019
$12,981
$0.00
$0.00
$1,785,700
-
$0.00
$0.00
$3,571,400
