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565 Godfrey Avenue SW

Off-Market

565 Godfrey Avenue SW, Grand Rapids, MI 49503

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  • Property Type Industrial - Manufacturing
  • Property Size 38,992 SF
  • Lot Size 2.42 Acre
  • Property Tenancy Single Tenant
  • Building Class C
  • Year Built 1910

Location

  • Walk Score ® Somewhat Walkable (56)
  • Transit Score ® Good Transit (56)
  • Bike Score ® Very Bikeable (78)
Powered by Walk Score ®
  • City Grand Rapids, MI
  • Neighborhood Black Hills
  • Zip Code 49503
  • Market Grand Rapids

Points of Interest

Grand Rapids

0.58 miles

Shell

2.29 miles

Speedway

2.51 miles

Admiral

2.84 miles

Speedway

3.01 miles

U Save Mart

3.11 miles

Walker, MI Supercharger

4.98 miles

Meijer

4.99 miles

Meijer Gas Station

5.56 miles

Marathon

6.86 miles

Quality Car Wash

7.33 miles

Area 6A

0.71 miles

Cherry St. Parking

0.86 miles

Staff Parking

1.42 miles

Sneden Hall Parking Ramp

1.50 miles

Ramp 7

1.60 miles

Wealthy Market's Parking

1.98 miles

Bukowski Lot

2.83 miles

East Albertus Lot

2.85 miles

The Rapid Silverline Park & Ride

6.79 miles

Wing Street Trailhead

8.15 miles

Grand Central Deli

1.07 miles

Sweet Yo's

1.10 miles

Zoup!

1.49 miles

Cherry Deli & Catering

1.83 miles

KFC

2.27 miles

Checkers

2.45 miles

Wolfgang's

2.60 miles

Arby's

3.06 miles

Arby's

3.15 miles

Olive’s Restaurant and Bar

3.43 miles

Wealthy Market

1.99 miles

Fulton Street Farmer’s Market

2.28 miles

Creston Market

2.65 miles

ALDI

2.77 miles

Ken's Fruit Market

2.92 miles

Meijer

3.95 miles

Kohl's

4.76 miles

Kohl's

5.18 miles

Macy's

5.33 miles

Woodland Mall

5.40 miles

Cherry Health - Heart of the City Health Center

0.98 miles

Grand Rapids Police Department

1.06 miles

Mercy Health Saint Mary's

1.10 miles

LaGrave Avenue Fire Station

1.13 miles

Bridge Street Fire Station

1.24 miles

The Women's Center

1.46 miles

Spectrum Health Butterworth Hospital

1.51 miles

Division Avenue Fire Station

1.65 miles

Spectrum Health Long-Term Care

2.78 miles

Covell Avenue Fire Station

2.86 miles

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 28 Dec, 2018
  • 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 $19,448
  • Market Value* $752,751
  • Assessed Value $752,751

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 565 Godfrey Avenue SW?

565 Godfrey Avenue SW totals 38,992 square feet.

When was this property built?

565 Godfrey Avenue SW was built in 1910.

When was 565 Godfrey Avenue SW last sold?

565 Godfrey Avenue SW was last sold on 28 Dec, 2018.

What is the property tax for 565 Godfrey Avenue SW?

The property tax for 565 Godfrey Avenue SW in 2022 was $19,448.

What is the market value for 565 Godfrey Avenue SW?

The market value* for 565 Godfrey Avenue SW in 2022 was $752,751.
*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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