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525 & 541 Burton Street SW

Off-Market

525 Burton Street SW, Grand Rapids, MI 49507

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

  • Property Type Industrial - Terminal/Transit
  • Property Size 44,752 SF
  • Lot Size 5.65 Acre
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1946

Location

  • Walk Score ® Car-Dependent (46)
  • Transit Score ® Some Transit (39)
  • Bike Score ® Bikeable (50)
Powered by Walk Score ®
  • City Grand Rapids, MI
  • Neighborhood Garfield Park
  • Zip Code 49507
  • Market Grand Rapids

Points of Interest

Grand Rapids

1.88 miles

Mobil

1.15 miles

Speedway

2.50 miles

Exxon

2.80 miles

Family Fare Quick Stop

4.36 miles

Shell

4.41 miles

Marathon

4.94 miles

Shell

4.95 miles

Shell

5.68 miles

Citgo

5.86 miles

Walker, MI Supercharger

6.55 miles

Wege Parking Ramp

2.22 miles

Overflow Parking

2.47 miles

Congress Elementary Parking Lot

2.81 miles

Mayfield Lot

3.34 miles

Plymouth Lot

3.40 miles

Lake Michigan Academy's Parking

3.66 miles

Stauffer Street Trailhead

5.60 miles

School Bus Parking

8.18 miles

Carpool Lot

8.73 miles

Parking Lot C

9.31 miles

McDonald's

1.61 miles

Taco Bell

1.78 miles

Rockwells Republic

2.34 miles

Jimmy John's

2.50 miles

Sushi Yama

2.61 miles

Real Seafood Co

2.67 miles

Smashburger

2.96 miles

Jimmy John's

3.06 miles

McDonald's

3.15 miles

City Built Brewing Company

3.41 miles

Fulton Street Farmer’s Market

3.08 miles

D&W

3.65 miles

Fresh Thyme

3.73 miles

Walmart Supercenter

4.21 miles

Target

4.44 miles

Von Maur

4.64 miles

Woodland Mall

4.69 miles

JCPenney

4.79 miles

Horrocks Market

4.95 miles

TJ Maxx

5.14 miles

Franklin Street Fire Station

1.47 miles

Mercy Health Saint Mary's

2.22 miles

Grand Rapids Police Department

2.46 miles

Kalamazoo Avenue Fire Station

2.58 miles

The Women's Center

2.86 miles

Spectrum Health Butterworth Hospital

2.91 miles

Blodgett Hospital

3.33 miles

Rite Aid

3.51 miles

Voice Consultants

3.61 miles

East Grand Rapids Public Saftey

3.74 miles

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 12 Apr, 2002
  • 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

Tax

  • Property Tax in 2022 $63,480
  • Market Value* $2,456,938
  • Assessed Value $2,456,938

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 525 & 541 Burton Street SW?

525 & 541 Burton Street SW totals 44,752 square feet.

When was this property built?

525 & 541 Burton Street SW was built in 1946.

When was 525 & 541 Burton Street SW last sold?

525 & 541 Burton Street SW was last sold on 12 Apr, 2002.

What is the property tax for 525 & 541 Burton Street SW?

The property tax for 525 & 541 Burton Street SW in 2022 was $63,480.

What is the market value for 525 & 541 Burton Street SW?

The market value* for 525 & 541 Burton Street SW in 2022 was $2,456,938.
*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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