14170 172Nd AveGrand Haven, MI 49417

Property Details for 14170 172Nd Ave

Lot size

9.63 AC

Property size (Sq ft)

59,559 SF

Zone code

OVERLAY

Property type

Flex space

APN

70-07-04-200-015

APU

700704200015

Description

This exceptional investment opportunity presents a single-tenant, absolute NNN leased industrial manufacturing facility located at 14170 172nd Ave, Grand Haven, MI 49417. The property boasts a substantial 59,559 square feet of space, situated on a 14.47-acre lot. Built in 1975, this well-maintained building features high-bay concrete and steel construction, ideal for manufacturing operations. The property includes 5 loading docks and 6 dock-high doors, facilitating efficient material handling. The ceiling height is 16 feet, providing ample vertical space. The current lease, with a remaining term of 21.6 years (expiring July 7, 2046), offers significant long-term stability. The lease incorporates a 3.5% annual rent bump, ensuring consistent income growth. With a Net Operating Income (NOI) of $223,305 and an asking price of $3,435,462, this property offers a compelling 6.50% capitalization rate. This is a rare opportunity to acquire a well-located, high-quality industrial asset with a strong tenant and substantial remaining lease term in the thriving Grand Haven market. The property's robust construction, ample space, and strategic location make it an attractive investment for discerning buyers seeking long-term, passive income generation. The building is well-suited for its current manufacturing occupant and offers potential for future expansion.

• Alternative Use

  Use

  Valuation

  Residential

  $12,451,159

  Hospitality

  $11,405,194

  Educational

  $9,488,988

  Medical

  $9,815,329

  Retail

  $14,760,648

Location Insight

City

Grand Haven

County

Ottawa

State

Michigan

Latitude

43.0262

Longitude

-86.2126

CBSA code

24340

CBSA name

GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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