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517 South Division Avenue

Off-Market

517 South Division Avenue, Grand Rapids, MI 49503

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Industrial
  • Property Size 25,702 SF
  • Lot Size 1.13 Acre
  • Property Tenancy Owner Occupied
  • Building Class B
  • Year Built 1991

Location

  • Walk Score ® Walker's Paradise (95)
  • Transit Score ® Good Transit (65)
  • Bike Score ® Very Bikeable (70)
Powered by Walk Score ®
  • City Grand Rapids, MI
  • Neighborhood Southeast Grand Rapids
  • Zip Code 49503
  • Market Grand Rapids

Points of Interest

Grand Rapids

0.26 miles

Speedway

2.36 miles

Sunoco

2.46 miles

BP

2.84 miles

Speedway

4.97 miles

Walker, MI Supercharger

5.28 miles

Marathon

5.69 miles

Shell

5.74 miles

ChargePoint

7.30 miles

Grand Rapids Supercharger

7.36 miles

Shell

7.82 miles

Area 6A

0.44 miles

Cherry St. Parking

0.46 miles

Wege Parking Ramp

0.48 miles

Ramp 6

1.06 miles

Area 9

1.21 miles

bus parking

2.58 miles

MDOT Park & Ride - Kentwood

4.17 miles

Menard's Parking

6.02 miles

Grandville High School Parking Lot

7.30 miles

Parking Lot H

9.98 miles

Two Beards

0.59 miles

Littlebird

0.80 miles

Panera Bread

0.85 miles

Vitale's Italian Restaurant

2.35 miles

Villa Mia Pizza

4.07 miles

Pal's Indian Cuisine

4.59 miles

El Burrito Loco

4.73 miles

Taco Bell

5.42 miles

Primo Pizza

5.62 miles

Olive Garden

5.63 miles

Fulton Street Farmer’s Market

1.55 miles

Family Fare

1.80 miles

Meijer

3.96 miles

Kohl's

4.55 miles

Kohl's

4.76 miles

Woodland Mall

4.78 miles

Meijer

4.79 miles

Target

4.87 miles

Centerpointe Mall

5.27 miles

Big Lots

5.38 miles

Franklin Street Fire Station

0.32 miles

Cherry Health - Heart of the City Health Center

0.41 miles

Mercy Health Saint Mary's

0.44 miles

LaGrave Avenue Fire Station

0.64 miles

Grand Rapids Police Department

0.71 miles

The Women's Center

1.09 miles

Spectrum Health Butterworth Hospital

1.13 miles

Chester Street Fire Station

1.26 miles

Bridge Street Fire Station

1.35 miles

Division Avenue Fire Station

1.49 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.

  • 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 $57,910
  • Market Value* $2,241,384
  • Assessed Value $2,241,384

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 517 South Division Avenue?

517 South Division Avenue totals 25,702 square feet.

When was this property built?

517 South Division Avenue was built in 1991.

What is the property tax for 517 South Division Avenue?

The property tax for 517 South Division Avenue in 2022 was $57,910.

What is the market value for 517 South Division Avenue?

The market value* for 517 South Division Avenue in 2022 was $2,241,384.
*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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