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501 Market Avenue SW

Off-Market

501 Market Avenue SW, Grand Rapids, MI 49503

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  • Property Type Industrial - Warehouse/Distribution
  • Property Size 26,720 SF
  • Lot Size 1.93 Acre
  • Property Tenancy Owner Occupied
  • Building Class C
  • Year Built 1962

Location

  • Walk Score ® Somewhat Walkable (51)
  • Transit Score ® Good Transit (59)
  • Bike Score ® Very Bikeable (74)
Powered by Walk Score ®
  • City Grand Rapids, MI
  • Neighborhood Black Hills
  • Zip Code 49503
  • Market Grand Rapids

Points of Interest

Grand Rapids

0.52 miles

Shell

3.72 miles

Speedway

4.11 miles

Walker, MI Supercharger

4.85 miles

Speedway

5.41 miles

Admiral

5.48 miles

Shell

5.75 miles

GoLo

5.96 miles

Costco Gasoline

6.93 miles

Quality Car Wash

7.47 miles

ChargePoint

8.02 miles

Grand Valley State University Pew Campus Parking

0.73 miles

Overflow Parking

1.01 miles

Lot Two

1.05 miles

Ramp 8

1.44 miles

Eastown Hub Parking Lot

2.52 miles

Ethel Parking Lot

2.53 miles

Plymouth Lot

2.88 miles

The Rapid Silverline Park & Ride

6.94 miles

School Bus Parking

8.29 miles

Musketawa Trail Marne Trailhead Parking

9.05 miles

Real Seafood Co

1.04 miles

One Trick Pony

1.05 miles

Concessions

1.25 miles

Donkey Taqueria

1.55 miles

Kelvin and Co

2.50 miles

Yesterdog

2.53 miles

Fazoli's

3.85 miles

KFC

3.85 miles

Pizza Hut

4.10 miles

CoreLife Eatery

4.22 miles

Fulton Street Farmer’s Market

2.21 miles

ALDI

2.92 miles

Family Fare

2.97 miles

D&W

3.45 miles

Kohl's

4.61 miles

Target

4.69 miles

Kohl's

5.23 miles

Woodland Mall

5.45 miles

Big Lots

5.60 miles

Meijer

5.91 miles

Franklin Street Fire Station

0.72 miles

Cherry Health - Heart of the City Health Center

0.90 miles

Grand Rapids Police Department

0.94 miles

Mercy Health Saint Mary's

1.03 miles

LaGrave Avenue Fire Station

1.03 miles

Bridge Street Fire Station

1.08 miles

The Women's Center

1.33 miles

Spectrum Health Butterworth Hospital

1.38 miles

Chester Street Fire Station

1.96 miles

Walgreens

2.12 miles

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • 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.

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

Tax

  • Property Tax in 2022 $8,243
  • Market Value* $319,074
  • Assessed Value $319,074

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 501 Market Avenue SW?

501 Market Avenue SW totals 26,720 square feet.

When was this property built?

501 Market Avenue SW was built in 1962.

What is the property tax for 501 Market Avenue SW?

The property tax for 501 Market Avenue SW in 2022 was $8,243.

What is the market value for 501 Market Avenue SW?

The market value* for 501 Market Avenue SW in 2022 was $319,074.
*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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