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633 Richmond Street NW

Off-Market

635 Richmond Street NW, Grand Rapids, MI 49504

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  • Property Type Industrial - Warehouse/Distribution
  • Property Size 110,030 SF
  • Lot Size 8.05 Acre
  • Property Tenancy Owner Occupied
  • Building Class B
  • Year Built 1973

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 18 Jul, 2013
  • 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.

  • 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 $71,719
  • Market Value* $2,775,815
  • Assessed Value $2,775,815

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 633 Richmond Street NW?

633 Richmond Street NW totals 110,030 square feet.

When was this property built?

633 Richmond Street NW was built in 1973.

When was 633 Richmond Street NW last sold?

633 Richmond Street NW was last sold on 18 Jul, 2013.

What is the property tax for 633 Richmond Street NW?

The property tax for 633 Richmond Street NW in 2021 was $71,719.

What is the market value for 633 Richmond Street NW?

The market value* for 633 Richmond Street NW in 2021 was $2,775,815.
*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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