Listed by Bradley Company Grand Rapids
$560,000
O-465 Lake Michigan Dr.
Details
APN 70-10-24-397 (08,09,10)
Property Type Industrial
Sub Type Warehouse, Flex
Square Footage 4,500
Units 3
NOI $13,500
Occupancy 66%
Tenancy Multi
Price per SqFt $124
Year Built 2009
Buildings 1
Zoning General Commercial District
Parking Spaces 9 spaces
Parking Per SqFt 2.00
Investment Type Value Add
Ground Lease No
Ceiling Height 16
Industrial | 4,500 SqFt
Marketing description
4,500 square feet of industrial space located in Lake Michigan Commerce Park in Standale. The space is essentially made up of three, 1,500 square foot suites that are individually equipped with an overhead door, man door, floor drain and private restroom. The suites are currently broken up as follows:
Suites 8 & 9 – Currently occupied by the owner. The owner is willing to lease all of suite 8 if the new owner would prefer them to lease back. Lease term and rate is negotiable.
Suite 10 – Filled with a quality tenant that is currently paying $1,125/month, NNN with 1-year lease expiration in March of 2026.
Investment highlights
- 3 Private Restrooms
- Beautiful, finished office space
- Large mezzanine with built in offices and shelving
- Seller would be willing to lease back Suite 8 (1,500 SF)
Listing Contacts
Listed by Bradley Company Grand Rapids
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$13,500.00
$1,125.00/mo
Valuation Metrics
0
DSCR
2.41%
Cap Rate
2.41%
ROI
Map
Zoning
I-1 IndustrialLight IndustrialLight Industrial
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View all 29 uses
View all 29 uses Last updated Mar 9, 2026 For deeper zoning details, reports are available at Zoneomics
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Property History
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