1040 Market Avenue SW

Off-Market

1040 Market Avenue SW, Grand Rapids, MI 49503

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Industrial - Warehouse/Distribution
  • Property Size 59,294 SF
  • Lot Size 4.64 Acre
  • Property Tenancy Owner Occupied
  • Building Class B
  • Year Built 1969

Contacts

Find property contacts with verified and updated contact information on CommercialEdge: owners, building management, representatives from permits and tenants.

Owner

  • True Owner
  • Registered Owner

Brokers

Do you represent this property? Claim it!

List your spaces with ease and generate only verified leads with CommercialEdge Marketing.

Add listing for free

Documents

Access researched data with nationwide coverage on CommercialEdge: sales, mortgages, financials, title documents and more.

Sales

  • Purchase Date 21 Sep, 2012
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Grand Rapids

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
Unlock on CommercialEdge
Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
Unlock on CommercialEdge

Asking Rents in Grand Rapids Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2021 Avg. Asking Rent $21.65
  • 2021 Office Vacancy Rate 14.55%
  • 2021 Office Completions (SF) 329,230

Grand Rapids Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2021 Avg. Price per SF $163.26
  • Y-o-Y Avg. PpSF Change -17.52%
  • 2021 Office Sales Volume $31.7M
  • 2021 Number of Transactions 3
View more Grand Rapids market trends

Location

Getting Around

  • Walk Score ®

    2/100 Car-Dependent
  • Transit Score ®

    28/100 Some Transit
  • Bike Score ®

    48/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Grand Rapids, MI
  • Neighborhood Black Hills
  • Zip Code 49503
  • Market Grand Rapids

Points of Interest

  • Grand Rapids

    1.33 miles

  • 4STAR

    0.92 miles

  • Marathon

    1.03 miles

  • Pacific Pride

    1.28 miles

  • Mobil

    1.32 miles

  • Speedway

    1.45 miles

  • Citgo

    1.53 miles

  • Mobil

    1.54 miles

  • BP

    1.55 miles

  • Meijer Express

    1.71 miles

  • Mobil

    1.74 miles

  • Overflow Parking

    0.89 miles

  • Lot Two

    0.90 miles

  • Lot One

    1.05 miles

  • Watson Lot

    1.17 miles

  • Seidman Lot

    1.27 miles

  • Grand Valley State University Pew Campus Parking

    1.37 miles

  • Area 6A

    1.44 miles

  • Museum Parking

    1.48 miles

  • Area 9

    1.51 miles

  • Area 2

    1.55 miles

  • Taco Bell

    0.90 miles

  • Tacos El Cuñado

    0.95 miles

  • McDonald's

    1.03 miles

  • Concessions

    1.05 miles

  • Subway

    1.06 miles

  • Little Caesars

    1.17 miles

  • Adobé In & Out

    1.24 miles

  • Burger King

    1.47 miles

  • Bistro Bella Vita

    1.51 miles

  • Big Boy

    1.52 miles

  • Bridge Street Market

    1.71 miles

  • Grand Central Market

    1.77 miles

  • Family Fare

    2.57 miles

  • ALDI

    2.58 miles

  • Wealthy Market

    2.72 miles

  • Fulton Street Farmer’s Market

    3.02 miles

  • Creston Market

    3.19 miles

  • Ken's Fruit Market

    3.23 miles

  • Family Fare

    3.27 miles

  • Family Fare

    3.88 miles

  • Franklin Street Fire Station

    1.33 miles

  • Bridge Street Fire Station

    1.69 miles

  • Cherry Health - Heart of the City Health Center

    1.73 miles

  • Grand Rapids Police Department

    1.76 miles

  • Mercy Health Saint Mary's

    1.85 miles

  • LaGrave Avenue Fire Station

    1.86 miles

  • Rite Aid

    1.90 miles

  • Division Avenue Fire Station

    1.92 miles

  • The Women's Center

    2.14 miles

  • Spectrum Health Butterworth Hospital

    2.19 miles

Frequently Asked Questions

What is the total square footage of 1040 Market Avenue SW?

1040 Market Avenue SW totals 59,294 square feet.

When was this property built?

1040 Market Avenue SW was built in 1969.

When was 1040 Market Avenue SW last sold?

1040 Market Avenue SW was last sold on 21 Sep, 2012.

What is the property tax for 1040 Market Avenue SW?

The property tax for 1040 Market Avenue SW in 2022 was $56,019.

What is the market value for 1040 Market Avenue SW?

The market value* for 1040 Market Avenue SW in 2022 was $2,182,262.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.