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3951 Trade Drive SE

Off-Market

3951 Trade Drive SE, Grand Rapids, MI 49508

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  • Property Type Industrial - Warehouse/Distribution
  • Property Size 486,859 Sqft
  • Lot Size 24 Acre
  • Property Tenancy Vacant
  • Building Class B
  • Year Built 1977

Location

  • City Grand Rapids, MI
  • Neighborhood Millbrook
  • Zip Code 49508
  • Market Grand Rapids

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 14 Dec, 2020
  • 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.

  • 2020 Avg. Asking Rent $22.54
  • 2020 Office Vacancy Rate 11.83%
  • 2020 Office Completions (Sqft)
View more Grand Rapids market trends

Tax

  • Property Tax in 2021 $308,896
  • Market Value $11,566,119
  • Assessed Value $11,566,119

Find more tax info, including assessment history and abatements, on CommercialEdge

Frequently Asked Questions

What is the total square footage of 3951 Trade Drive SE?

3951 Trade Drive SE totals 486,859 square feet.

When was this property built?

3951 Trade Drive SE was built in 1977.

When was 3951 Trade Drive SE last sold?

3951 Trade Drive SE was last sold on 14 Dec, 2020.

What is the property tax for 3951 Trade Drive SE?

The property tax for 3951 Trade Drive SE in 2021 was $308,896.

What is the market value for 3951 Trade Drive SE?

The market value for 3951 Trade Drive SE in 2021 was $11,566,119.

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