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675 Chestnut Street SW

Off-Market

675 Chestnut Street SW, Grand Rapids, MI 49503

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  • Property Type Industrial - Manufacturing
  • Property Size 42,885 SF
  • Lot Size 1.91 Acre
  • Property Tenancy Owner Occupied
  • Building Class B
  • Year Built 1958

Location

  • Walk Score ® Car-Dependent (40)
  • Transit Score ® Some Transit (36)
  • Bike Score ® Bikeable (60)
Powered by Walk Score ®
  • City Grand Rapids, MI
  • Neighborhood Black Hills
  • Zip Code 49503
  • Market Grand Rapids

Points of Interest

Grand Rapids

0.80 miles

4STAR

1.13 miles

Meijer Express

1.42 miles

Mobil

1.72 miles

Admiral

3.80 miles

Walker, MI Supercharger

4.98 miles

Citgo

5.43 miles

Speedway

5.51 miles

Speedway

5.60 miles

Marathon

5.84 miles

Meijer

6.27 miles

Watson Lot

0.73 miles

Lot Two

1.01 miles

Area 7

1.22 miles

LaFontse Gallery Lot

2.06 miles

Eastown Hub Parking Lot

2.75 miles

Ethel Parking Lot

2.76 miles

MDOT Park & Ride - Kentwood

5.13 miles

Menard's Parking

6.05 miles

Stauffer Street Trailhead

7.04 miles

Carpool Lot

10.00 miles

Panera Bread

1.21 miles

Fu Garden

2.08 miles

Gino's Pizza

2.09 miles

New Great Wall Buffet

2.38 miles

Kelvin and Co

2.74 miles

Mr Gyros

3.71 miles

Burger King

3.96 miles

Shots

4.60 miles

Subway

4.68 miles

Rainbow Grille

5.04 miles

Fulton Street Farmer’s Market

2.49 miles

Family Fare

3.39 miles

Meijer

3.94 miles

Kohl's

4.85 miles

Kohl's

5.32 miles

Supermercado La Victoria

5.42 miles

Macy's

5.46 miles

Target

5.53 miles

Woodland Mall

5.54 miles

Meijer

5.60 miles

Franklin Street Fire Station

0.84 miles

Cherry Health - Heart of the City Health Center

1.19 miles

Grand Rapids Police Department

1.26 miles

Mercy Health Saint Mary's

1.31 miles

The Women's Center

1.65 miles

Spectrum Health Butterworth Hospital

1.70 miles

Rite Aid

2.11 miles

Chester Street Fire Station

2.21 miles

Monroe Avenue Fire Station

2.43 miles

Spectrum Health Long-Term Care

2.99 miles

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 18 Jan, 2022
  • 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

Tax

  • Property Tax in 2022 $34,087
  • Market Value* $1,319,338
  • Assessed Value $1,319,338

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 675 Chestnut Street SW?

675 Chestnut Street SW totals 42,885 square feet.

When was this property built?

675 Chestnut Street SW was built in 1958.

When was 675 Chestnut Street SW last sold?

675 Chestnut Street SW was last sold on 18 Jan, 2022.

What is the property tax for 675 Chestnut Street SW?

The property tax for 675 Chestnut Street SW in 2022 was $34,087.

What is the market value for 675 Chestnut Street SW?

The market value* for 675 Chestnut Street SW in 2022 was $1,319,338.
*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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