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342 Market Avenue SW

Off-Market

342 Market Avenue SW, Grand Rapids, MI 49503

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  • Property Type Industrial - Flex - Industrial
  • Property Size 42,812 SF
  • Lot Size 0.84 Acre
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1925

Location

  • Walk Score ® Somewhat Walkable (69)
  • Transit Score ® Good Transit (66)
  • Bike Score ® Bikeable (51)
Powered by Walk Score ®
  • City Grand Rapids, MI
  • Neighborhood Downtown Grand Rapids
  • Zip Code 49503
  • Market Grand Rapids

Points of Interest

Grand Rapids

0.31 miles

Marathon

0.54 miles

Mobil

2.00 miles

Shell

2.73 miles

D&W Quick Stop

3.94 miles

Speedway

4.24 miles

Shell

4.65 miles

Walker, MI Supercharger

4.82 miles

Citgo

5.73 miles

Marathon

5.76 miles

Pacific Pride

5.89 miles

Watson Lot

0.33 miles

Seidman Lot

0.39 miles

Area 2

0.47 miles

Wege Parking Ramp

0.88 miles

Overflow Parking

1.15 miles

Ethel Parking Lot

2.32 miles

Grandville High School Parking Lot

7.10 miles

Stauffer Street Trailhead

7.12 miles

School Bus Parking

8.09 miles

Carpool Lot

9.94 miles

Adobé In & Out

0.55 miles

One Stop Coney Shop

0.83 miles

The Omelette Shoppe

1.49 miles

Gino's Pizza

1.89 miles

Kelvin and Co

2.29 miles

Wendy's

3.36 miles

Pizza Hut

3.98 miles

TGI Friday's

4.51 miles

Little Caesars

5.01 miles

Firehouse Subs

5.35 miles

Fulton Street Farmer’s Market

1.97 miles

Family Fare

2.82 miles

ALDI

4.47 miles

Kohl's

4.48 miles

Target

4.57 miles

Macy's

5.26 miles

Von Maur

5.32 miles

Woodland Mall

5.34 miles

JCPenney

5.40 miles

Walmart Supercenter

5.56 miles

Cherry Health - Heart of the City Health Center

0.65 miles

Grand Rapids Police Department

0.69 miles

Mercy Health Saint Mary's

0.79 miles

The Women's Center

1.09 miles

Spectrum Health Butterworth Hospital

1.14 miles

Walker Street Pharmacy

1.98 miles

Rite Aid

2.28 miles

Spectrum Health Long-Term Care

2.42 miles

CVS Pharmacy

2.69 miles

Covell Avenue Fire Station

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, 2005
  • 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%
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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 $78,561
  • Market Value* $3,040,646
  • Assessed Value $3,040,646

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 342 Market Avenue SW?

342 Market Avenue SW totals 42,812 square feet.

When was this property built?

342 Market Avenue SW was built in 1925.

When was 342 Market Avenue SW last sold?

342 Market Avenue SW was last sold on 25 Oct, 2005.

What is the property tax for 342 Market Avenue SW?

The property tax for 342 Market Avenue SW in 2022 was $78,561.

What is the market value for 342 Market Avenue SW?

The market value* for 342 Market Avenue SW in 2022 was $3,040,646.
*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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