Industrial Building Near Downtown for Sale or Lease

Industrial for Sale
Catylist Listing ID: 30564862
Property Subtypes: Light Industrial
Building Size (RSF): 27,354 SF
Gross Land Area: 1.23 Acres
Sale Price: $1,500,000
Unit Price: $54.84 PSF
Ceiling: 15 ft.
Docks/Doors: 2 Docks, 1 Door
Office SF: 1,300 SF
Drive In Bays: 1 Bay
Property Use Type: Investment, Vacant/Owner-User
Usable Size (USF): 27,354 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/26/2020

Overview / Comments

Built & used as a printing facility, since the first portion was built in 1958. Has multiply additions from 1978 - 1992. Just north of I-196 and easy access to US-131. In an area of continual redevelopment by GVSU's new health complex. Building is 100% air conditioned/ heated. Lots at 700 & 704 Prospect also included. Majority of the ceiling height is 12 feet to the roof deck with the north addition being 15 ft to the roof deck. Ample Parking. Single or multi-user flexibility. One van-height door and two loading docks.

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: Northeast Business District
Taxing Authority: City of Grand Rapids
Tax ID/APN: 411419335023.00000000000
Zoning: SD-IT
Property Located Between: Trowbridge & Fairbanks
Highway Access: I-196 & US-131
Airports: Gerald R Ford International Airport
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Average
Year Built: 1958
Year Renovated: 1992
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Overhead Cranes: Undisclosed
Sprinklers: None
Amps: 400
Volts: 440
X-Phase: 3
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Lighting: Fluorescent
Water Service: Municipal
Legal Description: LL at LO

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 21,934 148,271 278,905
Median Age: 28.8 31.86 33.52
Households: 10,189 56,202 106,630
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