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 SF
  • Lot Size 24 Acre
  • Property Tenancy Vacant
  • Building Class B
  • Year Built 1977

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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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.

  • 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

Location

Getting Around

  • Walk Score ®

    13/100 Car-Dependent
  • Transit Score ®

    36/100 Some Transit
  • Bike Score ®

    33/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Grand Rapids, MI
  • Neighborhood Millbrook
  • Zip Code 49508
  • Market Grand Rapids

Points of Interest

  • Grand Rapids

    4.88 miles

  • Marathon

    0.55 miles

  • Speedway

    0.55 miles

  • Admiral

    0.63 miles

  • Pacific Pride

    0.71 miles

  • Speedway

    0.77 miles

  • Sunoco

    1.08 miles

  • Citgo

    1.12 miles

  • GoLo

    1.20 miles

  • Speedway

    1.42 miles

  • Citgo

    1.42 miles

  • bus parking

    2.16 miles

  • Stauffer Street Trailhead

    2.20 miles

  • The Rapid Silverline Park & Ride

    2.68 miles

  • Lake Michigan Academy's Parking

    2.98 miles

  • Wing Street Trailhead

    3.36 miles

  • Ethel Parking Lot

    4.51 miles

  • Wealthy Market's Parking

    4.54 miles

  • Eastown Hub Parking Lot

    4.58 miles

  • East Albertus Lot

    4.79 miles

  • Plymouth Lot

    4.81 miles

  • Great White Fish Chicken

    0.62 miles

  • Pizza Hut

    0.65 miles

  • Florentine Sports Lounge

    0.66 miles

  • Papa John's

    0.70 miles

  • McDonald's

    0.89 miles

  • Mr. Burger

    0.94 miles

  • Subway

    1.12 miles

  • McDonald's

    1.40 miles

  • First Wok

    1.44 miles

  • Taco Bell

    1.45 miles

  • Mediterranian Island International Foods

    0.57 miles

  • Meijer

    1.54 miles

  • Family Fare

    1.58 miles

  • Horrocks Market

    1.71 miles

  • Supermercado La Victoria

    1.71 miles

  • ALDI

    1.97 miles

  • Ken's Fruit Market

    2.11 miles

  • Gordon Food Service

    2.23 miles

  • Walmart Supercenter

    2.28 miles

  • ALDI

    2.31 miles

  • Kent County Health Department

    1.08 miles

  • Rite Aid

    1.35 miles

  • Walgreens

    1.44 miles

  • CVS Pharmacy

    1.49 miles

  • Walgreens

    1.70 miles

  • Walgreens

    1.70 miles

  • Kalamazoo Avenue Fire Station

    1.91 miles

  • Kentwood Fire Station

    2.31 miles

  • Kentwood Justice Center

    2.36 miles

  • Kentwood Police Station

    2.37 miles

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 2022 was $311,766.

What is the market value for 3951 Trade Drive SE?

The market value* for 3951 Trade Drive SE in 2022 was $11,785,563.
*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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