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1642 Broadway Avenue NW

Off-Market

1642 Broadway Avenue NW, Grand Rapids, MI 49504

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  • Property Type Industrial - Warehouse/Distribution
  • Property Size 439,274 Sqft
  • Lot Size 10.02 Acre
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1903

Location

  • City Grand Rapids, MI
  • Neighborhood West Grand
  • Zip Code 49504
  • Market Grand Rapids

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 26 Dec, 2012
  • 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.

  • 2020 Avg. Asking Rent $22.54
  • 2020 Office Vacancy Rate 11.83%
  • 2020 Office Completions (Sqft)
View more Grand Rapids market trends

Tax

  • Property Tax in 2021 $284,012
  • Market Value $10,992,412
  • Assessed Value $10,992,412

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

Frequently Asked Questions

What is the total square footage of 1642 Broadway Avenue NW?

1642 Broadway Avenue NW totals 439,274 square feet.

When was this property built?

1642 Broadway Avenue NW was built in 1903.

When was 1642 Broadway Avenue NW last sold?

1642 Broadway Avenue NW was last sold on 26 Dec, 2012.

What is the property tax for 1642 Broadway Avenue NW?

The property tax for 1642 Broadway Avenue NW in 2021 was $284,012.

What is the market value for 1642 Broadway Avenue NW?

The market value for 1642 Broadway Avenue NW in 2021 was $10,992,412.

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