1405-1409 Buchanan Ave SW

Industrial for Sale
Also listed as Office
Catylist Listing ID: 30745595
Property Subtypes: Flex Space, Free-Standing, Manufacturing, Light Industrial, Warehouse/Distribution
Building Size (RSF): 44,195 SF
Gross Land Area: 1.30 Acres
Sale Price: $1,850,000
Unit Price: $41.86 PSF
Ceiling: 20 ft. / 18 ft. Clear
Docks/Doors: 3 Docks, 3 Doors
Office SF: 11,435 SF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/15/2021

Overview / Comments

Centrally located industrial building for sale directly South of Downtown Grand Rapids in an opportunity zone. Property encompasses a 44,195 SF industrial building on 1.30 fenced-in acres. The industrial portion of the building is 27,725 SF and features three (3) drive-in-doors, three (3) docks, 800 amps of 480v/3-phase power and 13’ - 18’ ceiling heights. The office portion of the building is located along the south and east side of the building. There is approximately 11,435 SF on the first floor and 5,035 SF on the second floor. The second story is elevator serviced making it ADA compatible. The parking lot is fenced in and has 36 parking spots on-site. There are three tenants in place occupying a total of 30,114 SF through December 31, 2021.

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: S 131 Corridor
Taxing Authority: City of Grand Rapids
Tax ID/APN: 41-17-01-251-006
Zoning: SD-IT
Property Located Between: Hall St SW and Burton St SW
Highway Access: US-131
Airports: Gerald R Ford International Airport
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1929
Year Renovated: 2019
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Overhead Cranes: Undisclosed
Sprinklers: Wet
Amps: 800
Volts: 480
X-Phase: 3-Phase
Heat Type: Natural Gas
Heat Source: Ceiling Units
Air Conditioning: Engineered System
Lighting: Fluorescent
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 22,460 165,379 307,846
Median Age: 25.16 31.02 33.39
Households: 6,213 61,682 118,110

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