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1425 South Division Avenue

Off-Market

1425 South Division Avenue, Grand Rapids, MI 49507

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  • Property Type Industrial - Warehouse/Distribution
  • Property Size 33,060 SF
  • Lot Size 2.65 Acre
  • Property Tenancy Owner Occupied
  • Building Class C
  • Year Built 1937

Location

  • Walk Score ® Very Walkable (76)
  • Transit Score ® Some Transit (38)
  • Bike Score ® Bikeable (57)
Powered by Walk Score ®
  • City Grand Rapids, MI
  • Neighborhood Southeast Grand Rapids
  • Zip Code 49507
  • Market Grand Rapids

Points of Interest

Grand Rapids

1.25 miles

Family Fare Quick Stop

2.56 miles

BP

3.53 miles

Marathon

4.55 miles

Pacific Pride

4.80 miles

Pacific Pride

5.43 miles

Meijer

5.90 miles

Walker, MI Supercharger

6.22 miles

Meijer Express

6.69 miles

ChargePoint

7.00 miles

Grand Rapids Supercharger

7.05 miles

Area 2

1.63 miles

Seidman Lot

1.79 miles

Museum Parking

1.93 miles

Grand Valley State University Pew Campus Parking

2.02 miles

Eastown Hub Parking Lot

2.19 miles

Lot One

2.46 miles

Gerald R. Ford Airport Cell Phone Lot

7.48 miles

Parking Lot E

9.21 miles

Parking Lot K

9.25 miles

Parking Lot B

9.30 miles

Bangkok Taste Cuisine

1.74 miles

Tupelo Honey

1.99 miles

The Butchers Union

2.35 miles

Taco Bell

3.74 miles

Arby's

3.75 miles

Great Lakes

4.18 miles

KFC

5.11 miles

Anna's House

5.87 miles

McDonald's

5.88 miles

Marco's Pizza

6.00 miles

Grand Central Market

1.82 miles

Fulton Street Farmer’s Market

2.25 miles

Bridge Street Market

2.43 miles

Family Fare

2.46 miles

D&W Fresh Market

3.09 miles

Mediterranian Island International Foods

4.10 miles

Kohl's

4.11 miles

Macy's

4.25 miles

Von Maur

4.28 miles

Woodland Mall

4.31 miles

Mercy Health Saint Mary's

1.47 miles

Cherry Health - Heart of the City Health Center

1.49 miles

LaGrave Avenue Fire Station

1.71 miles

Grand Rapids Police Department

1.79 miles

Chester Street Fire Station

1.88 miles

The Women's Center

2.17 miles

Spectrum Health Butterworth Hospital

2.21 miles

Bridge Street Fire Station

2.35 miles

Blodgett Hospital

2.55 miles

East Grand Rapids Public Saftey

3.02 miles

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 14 Mar, 2018
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity Date

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%
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

Tax

  • Property Tax in 2022 $32,192
  • Market Value* $1,245,976
  • Assessed Value $1,245,976

Find more tax info, including assessment history and abatements, on CommercialEdge

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of 1425 South Division Avenue?

1425 South Division Avenue totals 33,060 square feet.

When was this property built?

1425 South Division Avenue was built in 1937.

When was 1425 South Division Avenue last sold?

1425 South Division Avenue was last sold on 14 Mar, 2018.

What is the property tax for 1425 South Division Avenue?

The property tax for 1425 South Division Avenue in 2022 was $32,192.

What is the market value for 1425 South Division Avenue?

The market value* for 1425 South Division Avenue in 2022 was $1,245,976.
*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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