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2500 Oak Industrial Drive NE

Off-Market

2500 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 42,370 SF
  • Lot Size 2.74 Acre
  • Property Tenancy Owner Occupied
  • Building Class B
  • Year Built 1970

Location

  • Walk Score ® Car-Dependent (14)
  • Transit Score ® Some Transit (26)
  • Bike Score ® Somewhat Bikeable (32)
Powered by Walk Score ®
  • City Grand Rapids, MI
  • Neighborhood Michigan Oaks
  • Zip Code 49505
  • Market Grand Rapids

Points of Interest

Grand Rapids

3.52 miles

U Save Mart

1.87 miles

Mobil

3.59 miles

Clark

5.38 miles

ChargePoint

5.45 miles

Grand Rapids Supercharger

5.53 miles

Marathon

5.55 miles

Marathon

6.46 miles

Walker, MI Supercharger

6.69 miles

Speedway

7.17 miles

Marathon

7.23 miles

Woodward Lot

1.25 miles

Eastown Hub Parking Lot

1.77 miles

Wealthy Market's Parking

2.25 miles

Staff Parking

2.75 miles

Ramp 8

2.85 miles

Area 7

3.70 miles

Seidman Lot

3.77 miles

Parking Lot F

9.28 miles

Parking Lot E

9.30 miles

Parking Lot J

9.42 miles

Zesty Gyros

1.61 miles

Adobé In & Out

1.80 miles

Smashburger

3.09 miles

Qdoba

3.09 miles

Stella's Lounge

3.26 miles

Ucellos's

4.18 miles

Burger King

4.25 miles

Dave & Buster's

4.59 miles

McDonald's

4.92 miles

Qdoba

5.37 miles

Fulton Street Farmer’s Market

1.83 miles

D & W Fresh Market

2.08 miles

Wealthy Market

2.24 miles

Kohl's

3.82 miles

Big Lots

3.87 miles

Ken's Fruit Market

3.89 miles

Macy's

3.95 miles

JCPenney

3.99 miles

Woodland Mall

4.03 miles

ALDI

4.23 miles

Spectrum Health Heart and Vascular Center

0.48 miles

Grand Valley Pharmacist

0.69 miles

Grand Valley Surgical Center

0.70 miles

OAM NOW Urgent Orthopaedic Care

0.70 miles

Mercy Health Urgent Care - East Beltline

1.35 miles

Spectrum Health Long-Term Care

1.57 miles

Blodgett Hospital

1.57 miles

Rite Aid

1.60 miles

East Grand Rapids Public Saftey

1.73 miles

Spectrum Health Integrated Care Campus - East Beltline

2.80 miles

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 25 Oct, 2001
  • 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
Unlock on CommercialEdge
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 $47,860
  • Market Value* $1,852,408
  • Assessed Value $1,852,408

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 2500 Oak Industrial Drive NE?

2500 Oak Industrial Drive NE totals 42,370 square feet.

When was this property built?

2500 Oak Industrial Drive NE was built in 1970.

When was 2500 Oak Industrial Drive NE last sold?

2500 Oak Industrial Drive NE was last sold on 25 Oct, 2001.

What is the property tax for 2500 Oak Industrial Drive NE?

The property tax for 2500 Oak Industrial Drive NE in 2022 was $47,860.

What is the market value for 2500 Oak Industrial Drive NE?

The market value* for 2500 Oak Industrial Drive NE in 2022 was $1,852,408.
*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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