560 5th Street NW

Off-Market

560 5th Street NW, Grand Rapids, MI 49504

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

  • 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

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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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
  • Loan Maturity 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.

  • 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 ®

    78/100 Very Walkable
  • Transit Score ®

    50/100 Good Transit
  • Bike Score ®

    65/100 Bikeable
Powered by Walk Score ®
  • City Grand Rapids, MI
  • Neighborhood West Grand
  • Zip Code 49504
  • Market Grand Rapids

Points of Interest

  • Grand Rapids

    1.48 miles

  • Meijer Express

    0.31 miles

  • Speedway

    0.64 miles

  • Shell

    0.72 miles

  • Sunoco

    0.76 miles

  • Mobil

    0.96 miles

  • Mobil

    1.18 miles

  • Mobil

    1.36 miles

  • Mobil

    1.44 miles

  • Shell

    1.49 miles

  • BP

    1.54 miles

  • Area 7

    0.56 miles

  • Area 9

    0.57 miles

  • Grand Valley State University Pew Campus Parking

    0.73 miles

  • Museum Parking

    0.79 miles

  • Seidman Lot

    0.95 miles

  • Ramp 7

    1.00 miles

  • Watson Lot

    1.03 miles

  • Ramp 6

    1.04 miles

  • Ramp 8

    1.06 miles

  • Area 3

    1.14 miles

  • Salvatore's

    0.28 miles

  • El Sombrero

    0.33 miles

  • The Butchers Union

    0.38 miles

  • Jolly Pumpkin Pizzeria & Brewery

    0.38 miles

  • Field & Fire Cafe

    0.52 miles

  • City Built Brewing Company

    0.52 miles

  • Brickyard Tavern

    0.57 miles

  • Big Boy

    0.64 miles

  • Taco Bell

    0.66 miles

  • Arnie's

    0.67 miles

  • Bridge Street Market

    0.32 miles

  • Grand Central Market

    1.05 miles

  • Creston Market

    1.23 miles

  • Meijer

    2.28 miles

  • Family Fare

    2.29 miles

  • Fulton Street Farmer’s Market

    2.29 miles

  • Wealthy Market

    2.40 miles

  • Family Fare

    2.49 miles

  • Family Fare

    2.73 miles

  • Kohl's

    3.14 miles

  • Bridge Street Fire Station

    0.38 miles

  • Walgreens

    0.72 miles

  • Monroe Avenue Fire Station

    0.81 miles

  • Walker Street Pharmacy

    0.87 miles

  • The Women's Center

    0.98 miles

  • Spectrum Health Butterworth Hospital

    1.00 miles

  • Grand Rapids Police Department

    1.08 miles

  • LaGrave Avenue Fire Station

    1.27 miles

  • Cherry Health - Heart of the City Health Center

    1.41 miles

  • Mercy Health Saint Mary's

    1.53 miles

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 2022 was $332,319.

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

The market value* for 560 5th Street NW in 2022 was $12,945,611.
*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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