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1901 Oak Industrial Drive NE

Off-Market

1901 Oak Industrial Drive NE, Grand Rapids, MI 49505

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

  • Property Type Industrial - Manufacturing
  • Property Size 142,255 SF
  • Lot Size 8.04 Acre
  • Property Tenancy Owner Occupied
  • Building Class B
  • Year Built 1980

Location

  • City Grand Rapids, MI
  • Neighborhood Michigan Oaks
  • Zip Code 49505
  • 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 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 (SF)
View more Grand Rapids market trends

Tax

  • Property Tax in 2021 $180,723
  • Market Value* $6,994,734
  • Assessed Value $6,994,734

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 1901 Oak Industrial Drive NE?

1901 Oak Industrial Drive NE totals 142,255 square feet.

When was this property built?

1901 Oak Industrial Drive NE was built in 1980.

What is the property tax for 1901 Oak Industrial Drive NE?

The property tax for 1901 Oak Industrial Drive NE in 2021 was $180,723.

What is the market value for 1901 Oak Industrial Drive NE?

The market value* for 1901 Oak Industrial Drive NE in 2021 was $6,994,734.
*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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