1601 Madison Avenue SE

Off-Market

1601 Madison Avenue SE, Grand Rapids, MI 49507

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

  • Property Type Industrial - Flex - Industrial
  • Property Size 60,000 SF
  • Lot Size 9.66 Acre
  • Parking Spaces Avail. 79
  • Parking Ratio 1.33 / 1,000 SF
  • Property Tenancy Single Tenant
  • Building Class A
  • Year Built 2022

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

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%
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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 ®

    71/100 Very Walkable
  • Transit Score ®

    37/100 Some Transit
  • Bike Score ®

    60/100 Bikeable
Powered by Walk Score ®
  • City Grand Rapids, MI
  • Neighborhood Garfield Park
  • Zip Code 49507
  • Market Grand Rapids

Points of Interest

  • Grand Rapids

    1.61 miles

  • Marathon

    0.55 miles

  • BP

    0.65 miles

  • Mobil

    0.89 miles

  • Shell

    1.07 miles

  • BP

    1.13 miles

  • Marathon

    1.32 miles

  • Pacific Pride

    1.36 miles

  • Marathon

    1.42 miles

  • Citgo

    1.44 miles

  • BP

    1.47 miles

  • bus parking

    1.25 miles

  • Wege Parking Ramp

    1.65 miles

  • Wealthy Market's Parking

    1.65 miles

  • Area 6A

    1.83 miles

  • Cherry St. Parking

    1.85 miles

  • Area 2

    1.95 miles

  • LaFontse Gallery Lot

    1.97 miles

  • Area 3

    1.97 miles

  • Ethel Parking Lot

    1.98 miles

  • Congress Elementary Parking Lot

    2.00 miles

  • The Old Goat

    1.22 miles

  • Tacos El Cuñado

    1.26 miles

  • McDonald's

    1.47 miles

  • Donkey Taqueria

    1.54 miles

  • Royals

    1.54 miles

  • Taco Bell

    1.56 miles

  • Burger King

    1.57 miles

  • Erb Thai

    1.65 miles

  • The Electric Cheetah

    1.69 miles

  • Beijing Kitchen

    1.77 miles

  • Ken's Fruit Market

    1.21 miles

  • Wealthy Market

    1.66 miles

  • ALDI

    1.97 miles

  • Grand Central Market

    2.11 miles

  • Fulton Street Farmer’s Market

    2.22 miles

  • Meijer

    2.23 miles

  • Family Fare

    2.39 miles

  • D&W

    2.60 miles

  • D&W Fresh Market

    2.62 miles

  • ALDI

    2.77 miles

  • Division Avenue Fire Station

    0.37 miles

  • Franklin Street Fire Station

    1.17 miles

  • Mercy Health Saint Mary's

    1.69 miles

  • Cherry Health - Heart of the City Health Center

    1.75 miles

  • Chester Street Fire Station

    1.85 miles

  • Kalamazoo Avenue Fire Station

    1.88 miles

  • LaGrave Avenue Fire Station

    1.96 miles

  • CVS Pharmacy

    2.04 miles

  • Grand Rapids Police Department

    2.08 miles

  • Walgreens

    2.11 miles

Frequently Asked Questions

What is the total square footage of 1601 Madison Avenue SE?

1601 Madison Avenue SE totals 60,000 square feet.

When was this property built?

1601 Madison Avenue SE was built in 2022.

What is the property tax for 1601 Madison Avenue SE?

The property tax for 1601 Madison Avenue SE in 2022 was $28,713.

What is the market value for 1601 Madison Avenue SE?

The market value* for 1601 Madison Avenue SE in 2022 was $1,118,560.
*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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