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2055 Oak Industrial Drive NE

Off-Market

2055 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 26,022 SF
  • Lot Size 2 Acre
  • Property Tenancy Single Tenant
  • Building Class B
  • Year Built 1967

Location

  • Walk Score ® Car-Dependent (20)
  • Transit Score ® Some Transit (27)
  • Bike Score ® Somewhat Bikeable (20)
Powered by Walk Score ®
  • City Grand Rapids, MI
  • Neighborhood Michigan Oaks
  • Zip Code 49505
  • Market Grand Rapids

Points of Interest

Grand Rapids

3.18 miles

Marathon

3.32 miles

Meijer Express

3.50 miles

Pacific Pride

3.82 miles

ChargePoint

5.90 miles

Grand Rapids Supercharger

5.97 miles

Walker, MI Supercharger

6.20 miles

Marathon

6.37 miles

Marathon

6.51 miles

Johnny's

7.26 miles

Citgo

7.62 miles

Mayfield Lot

1.23 miles

Plymouth Lot

1.28 miles

LaFontse Gallery Lot

1.93 miles

Sneden Hall Parking Ramp

2.29 miles

Ramp 8

2.42 miles

Lake Michigan Academy's Parking

3.45 miles

Lot One

4.46 miles

Stauffer Street Trailhead

7.44 miles

Wing Street Trailhead

8.37 miles

Cascade Peace Park Entrance Parking

9.20 miles

McDonald's

1.26 miles

Wealthy Street Station

1.84 miles

Buffalo Wild Wings

2.06 miles

Mertens Prime

2.89 miles

Arby's

3.62 miles

Salvatore's

3.63 miles

Freddy's

3.94 miles

Qdoba

4.62 miles

Buffalo Wild Wings

4.69 miles

IHOP

5.68 miles

Fulton Street Farmer’s Market

1.52 miles

Creston Market

2.64 miles

Grand Central Market

2.81 miles

Big Lots

3.58 miles

Forest Hills Foods

3.75 miles

Kohl's

4.12 miles

Woodland Mall

4.33 miles

Centerpointe Mall

4.59 miles

Kohl's

4.69 miles

Trader Joe's

4.83 miles

OAM NOW Urgent Orthopaedic Care

0.82 miles

Leonard Street Fire Station

0.82 miles

Spectrum Health Heart and Vascular Center

0.88 miles

Spectrum Health Long-Term Care

1.11 miles

Blodgett Hospital

1.56 miles

Rite Aid

1.71 miles

Chester Street Fire Station

1.87 miles

East Grand Rapids Public Saftey

1.92 miles

Grand Rapids Township Fire Station 1

1.96 miles

Spectrum Health Butterworth Hospital

2.49 miles

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 30 Aug, 2019
  • 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%
Unlock on CommercialEdge

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

Tax

  • Property Tax in 2022 $69,872
  • Market Value* $2,704,354
  • Assessed Value $2,704,354

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 2055 Oak Industrial Drive NE?

2055 Oak Industrial Drive NE totals 26,022 square feet.

When was this property built?

2055 Oak Industrial Drive NE was built in 1967.

When was 2055 Oak Industrial Drive NE last sold?

2055 Oak Industrial Drive NE was last sold on 30 Aug, 2019.

What is the property tax for 2055 Oak Industrial Drive NE?

The property tax for 2055 Oak Industrial Drive NE in 2022 was $69,872.

What is the market value for 2055 Oak Industrial Drive NE?

The market value* for 2055 Oak Industrial Drive NE in 2022 was $2,704,354.
*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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