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1448 Madison Avenue SE

Off-Market

1448 Madison Avenue SE, Grand Rapids, MI 49507

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  • Property Type Industrial - Manufacturing
  • Property Size 36,702 SF
  • Lot Size 1.54 Acre
  • Property Tenancy Single Tenant
  • Building Class C
  • Year Built 1915

Location

  • Walk Score ® Very Walkable (80)
  • Transit Score ® Some Transit (40)
  • Bike Score ® Bikeable (54)
Powered by Walk Score ®
  • City Grand Rapids, MI
  • Neighborhood Madison
  • Zip Code 49507
  • Market Grand Rapids

Points of Interest

Grand Rapids

1.51 miles

BP

3.02 miles

Shell

3.69 miles

Sunoco

3.73 miles

Shell

4.53 miles

Speedway

4.90 miles

Forest Hills Fuel

5.21 miles

Speedway

5.93 miles

ChargePoint

6.45 miles

Grand Rapids Supercharger

6.50 miles

Walker, MI Supercharger

6.54 miles

bus parking

1.32 miles

Wege Parking Ramp

1.48 miles

Eastown Hub Parking Lot

1.81 miles

Area 2

1.83 miles

Museum Parking

2.20 miles

Ramp 8

2.29 miles

Gerald R. Ford Airport Cell Phone Lot

6.98 miles

Parking Lot C

8.79 miles

Parking Lot J

8.83 miles

Parking Lot A

8.87 miles

Tacos El Cuñado

1.35 miles

Tavern on the Square

1.77 miles

Two Beards

1.83 miles

Soho Sushi

1.99 miles

Panera Bread

2.11 miles

Concessions

2.98 miles

Villa Mia Pizza

3.33 miles

Jersey Mike's Subs

4.20 miles

Jimmy John's

4.47 miles

Subway

4.47 miles

Fulton Street Farmer’s Market

2.01 miles

ALDI

2.17 miles

Family Fare

3.49 miles

Kohl's

3.56 miles

Woodland Mall

3.77 miles

JCPenney

3.85 miles

TJ Maxx

4.22 miles

Centerpointe Mall

4.30 miles

Family Fare

4.34 miles

Aldi

5.44 miles

Division Avenue Fire Station

0.56 miles

Mercy Health Saint Mary's

1.54 miles

Cherry Health - Heart of the City Health Center

1.61 miles

Grand Rapids Police Department

1.94 miles

Blodgett Hospital

2.10 miles

The Women's Center

2.26 miles

Spectrum Health Butterworth Hospital

2.29 miles

Rite Aid

2.31 miles

East Grand Rapids Public Saftey

2.51 miles

Rite Aid

2.57 miles

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 09 Feb, 2016
  • 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 $25,911
  • Market Value* $1,002,892
  • Assessed Value $1,002,892

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 1448 Madison Avenue SE?

1448 Madison Avenue SE totals 36,702 square feet.

When was this property built?

1448 Madison Avenue SE was built in 1915.

When was 1448 Madison Avenue SE last sold?

1448 Madison Avenue SE was last sold on 09 Feb, 2016.

What is the property tax for 1448 Madison Avenue SE?

The property tax for 1448 Madison Avenue SE in 2022 was $25,911.

What is the market value for 1448 Madison Avenue SE?

The market value* for 1448 Madison Avenue SE in 2022 was $1,002,892.
*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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