655 Godfrey Avenue SW

Off-Market

655 Godfrey Avenue SW, Grand Rapids, MI 49503

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

  • Property Type Industrial - Manufacturing
  • Property Size 605,980 SF
  • Lot Size 10.8 Acre
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1939

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 24 Aug, 2017
  • 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.

  • 2022 Avg. Asking Rent $23.00
  • 2022 Office Vacancy Rate 15.06%
  • 2022 Office Completions (SF) 331,938
View more Grand Rapids market trends

Location

Getting Around

  • Walk Score ®

    47/100 Car-Dependent
  • Transit Score ®

    37/100 Some Transit
  • Bike Score ®

    68/100 Bikeable
Powered by Walk Score ®
  • City Grand Rapids, MI
  • Neighborhood Black Hills
  • Zip Code 49503
  • Market Grand Rapids

Points of Interest

  • Grand Rapids

    0.77 miles

  • Marathon

    0.38 miles

  • Pacific Pride

    0.65 miles

  • Mobil

    0.88 miles

  • BP

    0.94 miles

  • Mobil

    0.95 miles

  • 4STAR

    1.01 miles

  • Citgo

    1.44 miles

  • Mobil

    1.49 miles

  • Meijer Express

    1.62 miles

  • Speedway

    1.62 miles

  • Watson Lot

    0.88 miles

  • Area 6A

    0.94 miles

  • Seidman Lot

    0.97 miles

  • Area 2

    1.08 miles

  • Cherry St. Parking

    1.08 miles

  • Area 3

    1.14 miles

  • Grand Valley State University Pew Campus Parking

    1.17 miles

  • Museum Parking

    1.18 miles

  • Overflow Parking

    1.22 miles

  • Lot Two

    1.25 miles

  • Tacos El Cuñado

    0.68 miles

  • Taco Bell

    1.05 miles

  • Adobé In & Out

    1.06 miles

  • The Kitchen @ 40 Cherry

    1.06 miles

  • Peppino's

    1.07 miles

  • One Twenty Three Tavern

    1.07 miles

  • Little Caesars

    1.07 miles

  • Leo's Coney Island on Tap

    1.08 miles

  • Bistro Bella Vita

    1.08 miles

  • Tavern on the Square

    1.11 miles

  • Grand Central Market

    1.32 miles

  • Bridge Street Market

    1.58 miles

  • Wealthy Market

    2.08 miles

  • Fulton Street Farmer’s Market

    2.42 miles

  • ALDI

    2.49 miles

  • Family Fare

    2.67 miles

  • Ken's Fruit Market

    2.74 miles

  • Creston Market

    2.93 miles

  • Family Fare

    3.11 miles

  • Family Fare

    3.43 miles

  • Franklin Street Fire Station

    0.68 miles

  • Cherry Health - Heart of the City Health Center

    1.18 miles

  • Mercy Health Saint Mary's

    1.27 miles

  • Grand Rapids Police Department

    1.31 miles

  • LaGrave Avenue Fire Station

    1.35 miles

  • Division Avenue Fire Station

    1.44 miles

  • Bridge Street Fire Station

    1.52 miles

  • The Women's Center

    1.71 miles

  • Spectrum Health Butterworth Hospital

    1.76 miles

  • Chester Street Fire Station

    2.12 miles

Frequently Asked Questions

What is the total square footage of 655 Godfrey Avenue SW?

655 Godfrey Avenue SW totals 605,980 square feet.

When was this property built?

655 Godfrey Avenue SW was built in 1939.

When was 655 Godfrey Avenue SW last sold?

655 Godfrey Avenue SW was last sold on 24 Aug, 2017.

What is the property tax for 655 Godfrey Avenue SW?

The property tax for 655 Godfrey Avenue SW in 2023 was $141,815.

What is the market value for 655 Godfrey Avenue SW?

The market value* for 655 Godfrey Avenue SW in 2023 was $5,503,091.
*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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