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655 Godfrey Avenue SW

Off-Market

655 Godfrey Avenue SW, Grand Rapids, MI 49503

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

Location

  • City Grand Rapids, MI
  • Neighborhood Black Hills
  • Zip Code 49503
  • 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 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.

  • 2020 Avg. Asking Rent $22.54
  • 2020 Office Vacancy Rate 11.83%
  • 2020 Office Completions (Sqft)
View more Grand Rapids market trends

Tax

  • Property Tax in 2021 $151,052
  • Market Value $5,846,329
  • Assessed Value $5,846,329

Find more tax info, including assessment history and abatements, on CommercialEdge

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 2021 was $151,052.

What is the market value for 655 Godfrey Avenue SW?

The market value for 655 Godfrey Avenue SW in 2021 was $5,846,329.

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