55 Cottage Grove Street SW

Off-Market

55 Cottage Grove Street SW, Grand Rapids, MI 49507

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  • Property Type Industrial - Manufacturing
  • Property Size 120,451 SF
  • Lot Size 5.08 Acre
  • Property Tenancy Owner Occupied
  • Building Class B
  • Year Built 1999

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 25 Feb, 2019
  • 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 ®

    67/100 Somewhat Walkable
  • Transit Score ®

    38/100 Some Transit
  • Bike Score ®

    47/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Grand Rapids, MI
  • Neighborhood Southeast Grand Rapids
  • Zip Code 49507
  • Market Grand Rapids

Points of Interest

  • Grand Rapids

    1.36 miles

  • BP

    0.39 miles

  • Mobil

    0.64 miles

  • Marathon

    0.96 miles

  • Marathon

    1.04 miles

  • Citgo

    1.06 miles

  • Pacific Pride

    1.09 miles

  • 4STAR

    1.22 miles

  • Clark

    1.34 miles

  • BP

    1.34 miles

  • Mobil

    1.35 miles

  • Wege Parking Ramp

    1.58 miles

  • Area 6A

    1.60 miles

  • Cherry St. Parking

    1.66 miles

  • bus parking

    1.68 miles

  • Area 2

    1.74 miles

  • Area 3

    1.77 miles

  • Watson Lot

    1.82 miles

  • Wealthy Market's Parking

    1.84 miles

  • Seidman Lot

    1.88 miles

  • Staff Parking

    1.97 miles

  • Tacos El Cuñado

    0.77 miles

  • Taco Bell

    1.31 miles

  • The Old Goat

    1.62 miles

  • The Kitchen @ 40 Cherry

    1.62 miles

  • Donkey Taqueria

    1.62 miles

  • Royals

    1.63 miles

  • Peppino's

    1.65 miles

  • One Twenty Three Tavern

    1.68 miles

  • Beijing Kitchen

    1.70 miles

  • Grand Rapids Pizza Delivery

    1.70 miles

  • Ken's Fruit Market

    1.61 miles

  • ALDI

    1.81 miles

  • Wealthy Market

    1.85 miles

  • Grand Central Market

    1.94 miles

  • Fulton Street Farmer’s Market

    2.37 miles

  • Bridge Street Market

    2.53 miles

  • Family Fare

    2.57 miles

  • Meijer

    2.67 miles

  • D&W

    2.98 miles

  • D&W Fresh Market

    3.11 miles

  • Division Avenue Fire Station

    0.32 miles

  • Franklin Street Fire Station

    0.91 miles

  • Mercy Health Saint Mary's

    1.59 miles

  • Cherry Health - Heart of the City Health Center

    1.61 miles

  • LaGrave Avenue Fire Station

    1.83 miles

  • Grand Rapids Police Department

    1.91 miles

  • Chester Street Fire Station

    2.00 miles

  • The Women's Center

    2.29 miles

  • Spectrum Health Butterworth Hospital

    2.33 miles

  • CVS Pharmacy

    2.33 miles

Frequently Asked Questions

What is the total square footage of 55 Cottage Grove Street SW?

55 Cottage Grove Street SW totals 120,451 square feet.

When was this property built?

55 Cottage Grove Street SW was built in 1999.

When was 55 Cottage Grove Street SW last sold?

55 Cottage Grove Street SW was last sold on 25 Feb, 2019.

What is the property tax for 55 Cottage Grove Street SW?

The property tax for 55 Cottage Grove Street SW in 2022 was $139,029.

What is the market value for 55 Cottage Grove Street SW?

The market value* for 55 Cottage Grove Street SW in 2022 was $5,415,952.
*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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