2020 Newark Avenue SE

Off-Market

2020 Newark 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 - Manufacturing
  • Property Size 80,921 SF
  • Lot Size 4.41 Acre
  • Property Tenancy Owner Occupied
  • Building Class B
  • Year Built 1978

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.

  • 2022 Avg. Asking Rent $23.00
  • 2022 Office Vacancy Rate 15.06%
  • 2022 Office Completions (SF) 331,938
View more Grand Rapids market trends

Location

Getting Around

  • Walk Score ®

    59/100 Somewhat Walkable
  • Transit Score ®

    39/100 Some Transit
  • Bike Score ®

    51/100 Bikeable
Powered by Walk Score ®
  • City Grand Rapids, MI
  • Neighborhood Alger Heights
  • Zip Code 49507
  • Market Grand Rapids

Points of Interest

  • Grand Rapids

    2.85 miles

  • Marathon

    0.21 miles

  • Shell

    0.71 miles

  • Marathon

    0.96 miles

  • Mobil

    1.35 miles

  • BP

    1.37 miles

  • D&W Quick Stop

    1.39 miles

  • Sunoco

    1.53 miles

  • Shell

    1.58 miles

  • BP

    1.62 miles

  • Admiral

    1.77 miles

  • bus parking

    0.50 miles

  • Lake Michigan Academy's Parking

    1.42 miles

  • Ethel Parking Lot

    2.09 miles

  • Wealthy Market's Parking

    2.16 miles

  • Eastown Hub Parking Lot

    2.16 miles

  • East Albertus Lot

    2.37 miles

  • Plymouth Lot

    2.40 miles

  • Woodward Lot

    2.50 miles

  • Bukowski Lot

    2.58 miles

  • Congress Elementary Parking Lot

    2.60 miles

  • The Old Goat

    0.72 miles

  • Burger King

    1.21 miles

  • Taco Bell

    1.23 miles

  • McDonald's

    1.31 miles

  • CoreLife Eatery

    1.39 miles

  • Papa Chops Eatery

    1.48 miles

  • Shiraz Grille

    1.51 miles

  • Big Bobs Pizza

    2.04 miles

  • Olive’s Restaurant and Bar

    2.07 miles

  • Taco Bell

    2.10 miles

  • Ken's Fruit Market

    0.69 miles

  • Meijer

    0.99 miles

  • ALDI

    1.37 miles

  • D&W Fresh Market

    1.42 miles

  • Fresh Thyme

    1.48 miles

  • D&W

    2.16 miles

  • Wealthy Market

    2.16 miles

  • Kohl's

    2.25 miles

  • Macy's

    2.38 miles

  • Von Maur

    2.39 miles

  • Kalamazoo Avenue Fire Station

    0.58 miles

  • Walgreens

    0.84 miles

  • Rite Aid

    1.35 miles

  • Voice Consultants

    1.37 miles

  • Division Avenue Fire Station

    1.66 miles

  • Burton Street Fire Station

    2.02 miles

  • East Grand Rapids Public Saftey

    2.06 miles

  • Rite Aid

    2.06 miles

  • Blodgett Hospital

    2.10 miles

  • CVS Pharmacy

    2.11 miles

Frequently Asked Questions

What is the total square footage of 2020 Newark Avenue SE?

2020 Newark Avenue SE totals 80,921 square feet.

When was this property built?

2020 Newark Avenue SE was built in 1978.

What is the property tax for 2020 Newark Avenue SE?

The property tax for 2020 Newark Avenue SE in 2023 was $49,271.

What is the market value for 2020 Newark Avenue SE?

The market value* for 2020 Newark Avenue SE in 2023 was $1,919,379.
*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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