For Sale $10,995,000
Property Type Industrial
Property Size 279,552 SF
Lot Size 13.3 Acre
Date Updated Apr 23, 2024

PRICE REDUCED! 1950 Waldorf is fully occupied by multiple tenants. Vital Records Corporation occupies roughly 89% of the property. Their current rent is significantly below market and gives a potential investor plenty of upside in the future.

The purchase of this property presents an investor with an opportunity to purchase a large industrial asset in the strong Grand Rapids market. The combination of future upside with a low price of $41.52/SF makes this an attractive option for investors.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Contacts

Blake Rosekrans Is this you?

Martin Commercial Properties

(616) 726-5476

Location

Getting Around

Walk Score ®
15/100 Car-Dependent
Bike Score ®
13/100 Somewhat Bikeable

City Grand Rapids, MI
Neighborhood Northwest Edge
Zip Code 49544
Market Grand Rapids

Points of Interest

Grand Rapids

4.14 miles

Walker, MI Supercharger

0.91 miles
Meijer

0.92 miles
Westside Service

1.39 miles
Meijer

1.41 miles
BP

1.42 miles
Marathon

1.45 miles
Speedway

1.54 miles
Mobil

1.60 miles
Citgo

1.80 miles
Mobil

1.86 miles

Menard's Parking

2.58 miles
Lot One

3.04 miles
Area 9

3.18 miles
Lot Two

3.18 miles
Overflow Parking

3.20 miles
Area 7

3.23 miles
Grand Valley State University Pew Campus Parking

3.32 miles
Museum Parking

3.46 miles
Seidman Lot

3.55 miles
Watson Lot

3.59 miles

McDonald's

1.02 miles
Bob Evans

1.04 miles
Sandy's Donuts

1.40 miles
Wendy's

1.40 miles
Arby's

1.42 miles
Fazoli's

1.43 miles
Jimmy John's

1.43 miles
Mr Gyros

1.46 miles
Papa John's

1.46 miles
Long John Silver's

1.47 miles

Meijer

1.29 miles
Target

1.90 miles
Kohl's

1.96 miles
Walmart Supercenter

2.40 miles
Family Fare

2.50 miles
Aldi

2.60 miles
Creston Market

2.88 miles
Bridge Street Market

2.94 miles
Thrifty Outlet

3.26 miles
Grand Central Market

3.77 miles

Walker Fire Station #3

0.83 miles
Covell Avenue Fire Station

1.40 miles
Spectrum Medical Center

1.46 miles
Walker Street Pharmacy

1.94 miles
Walgreens

2.02 miles
Walgreens

2.13 miles
Rite Aid

2.43 miles
Monroe Avenue Fire Station

2.75 miles
Walker Police Department

2.96 miles
Walker Fire Department

2.99 miles

Frequently Asked Questions

What is the lease rate for 1950 Waldorf St NW?

Rental asking rate at 1950 Waldorf St NW is $5,497,500.00/YR.

What is the total square footage of 1950 Waldorf St NW?

1950 Waldorf St NW totals 279,552 square feet.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.