1400 & 1450 Buchanan Avenue SW

Off-Market

1450 Buchanan Avenue SW, Grand Rapids, MI 49507

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  • Property Type Industrial - Warehouse/Distribution
  • Property Size 176,274 SF
  • Lot Size 6.42 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1941

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 06 Oct, 2020
  • 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 ®

    55/100 Somewhat Walkable
  • Transit Score ®

    39/100 Some Transit
  • Bike Score ®

    48/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Grand Rapids, MI
  • Neighborhood Southeast Grand Rapids
  • Zip Code 49507
  • Market Grand Rapids

Points of Interest

  • Grand Rapids

    1.29 miles

  • BP

    0.38 miles

  • Mobil

    0.66 miles

  • Marathon

    0.87 miles

  • Citgo

    1.00 miles

  • Pacific Pride

    1.02 miles

  • 4STAR

    1.12 miles

  • Marathon

    1.16 miles

  • Mobil

    1.30 miles

  • Clark

    1.32 miles

  • BP

    1.39 miles

  • Area 6A

    1.53 miles

  • Wege Parking Ramp

    1.55 miles

  • Cherry St. Parking

    1.60 miles

  • Area 2

    1.67 miles

  • Area 3

    1.70 miles

  • Watson Lot

    1.73 miles

  • Seidman Lot

    1.79 miles

  • bus parking

    1.81 miles

  • Wealthy Market's Parking

    1.87 miles

  • Staff Parking

    1.94 miles

  • Tacos El Cuñado

    0.65 miles

  • Taco Bell

    1.20 miles

  • The Kitchen @ 40 Cherry

    1.56 miles

  • Peppino's

    1.59 miles

  • One Twenty Three Tavern

    1.62 miles

  • Donkey Taqueria

    1.63 miles

  • Royals

    1.64 miles

  • Leo's Coney Island on Tap

    1.65 miles

  • Tavern on the Square

    1.65 miles

  • Mertens Prime

    1.67 miles

  • Ken's Fruit Market

    1.73 miles

  • ALDI

    1.83 miles

  • Grand Central Market

    1.88 miles

  • Wealthy Market

    1.89 miles

  • Fulton Street Farmer’s Market

    2.39 miles

  • Bridge Street Market

    2.44 miles

  • Family Fare

    2.60 miles

  • Meijer

    2.79 miles

  • D&W

    3.06 miles

  • D&W Fresh Market

    3.23 miles

  • Division Avenue Fire Station

    0.43 miles

  • Franklin Street Fire Station

    0.84 miles

  • Mercy Health Saint Mary's

    1.56 miles

  • Cherry Health - Heart of the City Health Center

    1.56 miles

  • LaGrave Avenue Fire Station

    1.78 miles

  • Grand Rapids Police Department

    1.85 miles

  • Chester Street Fire Station

    2.02 miles

  • The Women's Center

    2.24 miles

  • Spectrum Health Butterworth Hospital

    2.28 miles

  • Bridge Street Fire Station

    2.36 miles

Frequently Asked Questions

What is the total square footage of 1400 & 1450 Buchanan Avenue SW?

1400 & 1450 Buchanan Avenue SW totals 176,274 square feet.

When was this property built?

1400 & 1450 Buchanan Avenue SW was built in 1941.

When was 1400 & 1450 Buchanan Avenue SW last sold?

1400 & 1450 Buchanan Avenue SW was last sold on 06 Oct, 2020.

What is the property tax for 1400 & 1450 Buchanan Avenue SW?

The property tax for 1400 & 1450 Buchanan Avenue SW in 2022 was $46,968.

What is the market value for 1400 & 1450 Buchanan Avenue SW?

The market value* for 1400 & 1450 Buchanan Avenue SW in 2022 was $1,829,688.
*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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