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560 5th Street NW

Off-Market

560 5th Street NW, Grand Rapids, MI 49504

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  • Property Type Industrial - Flex - Industrial
  • Property Size 121,501 SF
  • Lot Size 7.16 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1877

Location

  • City Grand Rapids, MI
  • Neighborhood West Grand
  • Zip Code 49504
  • Market Grand Rapids

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 25 Oct, 2021
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date

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.

  • 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 2021 $291,808
  • Market Value* $11,294,154
  • Assessed Value $11,294,154

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 560 5th Street NW?

560 5th Street NW totals 121,501 square feet.

When was this property built?

560 5th Street NW was built in 1877.

When was 560 5th Street NW last sold?

560 5th Street NW was last sold on 25 Oct, 2021.

What is the property tax for 560 5th Street NW?

The property tax for 560 5th Street NW in 2021 was $291,808.

What is the market value for 560 5th Street NW?

The market value* for 560 5th Street NW in 2021 was $11,294,154.
*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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