1363 Michigan Street NE

Off-Market

1363 Michigan Street NE, 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 - Manufacturing
  • Property Size 97,582 SF
  • Lot Size 6.1 Acre
  • Property Tenancy Owner Occupied
  • Building Class B
  • Year Built 1978

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • 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
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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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 ®

    75/100 Very Walkable
  • Transit Score ®

    29/100 Some Transit
  • Bike Score ®

    50/100 Bikeable
Powered by Walk Score ®
  • City Grand Rapids, MI
  • Neighborhood Northeast Grand Rapids
  • Zip Code 49503
  • Market Grand Rapids

Points of Interest

  • Grand Rapids

    2.15 miles

  • Shell

    0.21 miles

  • Speedway

    0.22 miles

  • BP

    0.94 miles

  • Speedway

    0.98 miles

  • Family Fare Quick Stop

    0.99 miles

  • U Save Mart

    1.00 miles

  • Mobil

    1.08 miles

  • Citgo

    1.14 miles

  • BP

    1.69 miles

  • Shell

    1.95 miles

  • Mayfield Lot

    0.61 miles

  • Bukowski Lot

    0.72 miles

  • Congress Elementary Parking Lot

    0.85 miles

  • LaFontse Gallery Lot

    0.93 miles

  • East Albertus Lot

    0.95 miles

  • Plymouth Lot

    0.96 miles

  • Woodward Lot

    0.97 miles

  • Eastown Hub Parking Lot

    1.04 miles

  • Ethel Parking Lot

    1.11 miles

  • Wealthy Market's Parking

    1.17 miles

  • Subway

    0.25 miles

  • Checkers

    0.30 miles

  • Taco Bell

    0.43 miles

  • KFC

    0.52 miles

  • Curry Kitchen

    0.73 miles

  • Rinaldis Pizza

    0.74 miles

  • Mangiamo

    0.85 miles

  • Domino's

    0.89 miles

  • Matchbox Diner & Drinks

    0.89 miles

  • Cherie Inn

    0.91 miles

  • Family Fare

    0.47 miles

  • Fulton Street Farmer’s Market

    0.60 miles

  • Family Fare

    1.03 miles

  • Wealthy Market

    1.16 miles

  • D&W

    1.67 miles

  • Grand Central Market

    1.77 miles

  • Creston Market

    1.94 miles

  • Bridge Street Market

    2.42 miles

  • Meijer

    2.74 miles

  • Aldi

    2.92 miles

  • Spectrum Health Long-Term Care

    0.33 miles

  • CVS Pharmacy

    0.94 miles

  • Chester Street Fire Station

    0.97 miles

  • Leonard Street Fire Station

    1.09 miles

  • CVS Pharmacy

    1.11 miles

  • Blodgett Hospital

    1.33 miles

  • Spectrum Health Butterworth Hospital

    1.48 miles

  • The Women's Center

    1.51 miles

  • LaGrave Avenue Fire Station

    1.62 miles

  • Mercy Health Saint Mary's

    1.64 miles

Frequently Asked Questions

What is the total square footage of 1363 Michigan Street NE?

1363 Michigan Street NE totals 97,582 square feet.

When was this property built?

1363 Michigan Street NE was built in 1978.

What is the property tax for 1363 Michigan Street NE?

The property tax for 1363 Michigan Street NE in 2022 was $97,172.

What is the market value for 1363 Michigan Street NE?

The market value* for 1363 Michigan Street NE in 2022 was $3,785,380.
*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.

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