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Property profile

601 5Th St NW Grand Rapids, MI 49504

FOR LEASE
Commercial real estate
Property ID
US43-1336255
62,577 SF 0.29 ac lot Built 1880
Last sale Jul 2011 · $3,170,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 12-yr Hold Held for 12 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional Grand Rapids office building, the North Widdicomb, offers 3,037 to 4,637 square feet of immediately available space, perfect for businesses seeking a prestigious address in the Northwest Business District. Located at 601 5th St NW, this five-story building boasts a total of 62,577 square feet and sits on a 0.29-acre lot in Kent County, Michigan (zip code 49504). The building features two available suites, one on the third floor and one on the fourth floor, each providing open…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2021

What does the county charge?
$69k
Tax billed · 2021
Assessed value · 2023$1.69M
Effective rate4.08%

Value estimate

· Nov 2026
$2.72M
$2.44M – $2.99M
Submarket $/SF estimate$2.71M
NOI build-up
Gross scheduled income$201k
Vacancy & credit loss−$45k
Operating expenses−$39k
NOI · 624,496.00% cap applied$117k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$75/SF
ZIP average, outlier-cleaned · 47 recorded sales of this use type
Observed band · Q1–Q3$37 – $112

Cap rate analysis

How does the asset earn?
624,496.00%
$117k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
TN-TCC
JurisdictionKENT

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office31.0
Nail Salon17.4
Spa & Massage13.4

Location

601 5Th St NW Grand Rapids, MI 49504
County assessor Recorded deeds · 13 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
705 11th NW, Grand Rapids, MI 49504-4431 $175,000 Jul 2025 4,752 SF
425 Stocking NW, Grand Rapids, MI 49504-5501 $965,000 May 2025 10,230 SF
1050 Leonard NW, Grand Rapids, MI 49504 $350,000 Feb 2025 8,317 SF
270 Ann NW, Grand Rapids, MI 49504-2016 $8,600,000 Dec 2024 97,727 SF
954 Frnt NW, Grand Rapids, MI 49504-4423 $912,399 Apr 2024 14,080 SF
634 Frnt NW, Grand Rapids, MI 49504-5318 $10,800,000 Mar 2024 70,744 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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