5222 33Rd StGrand Rapids, MI 49512

  • Commercial real estate
  • 58,635 SF
For Lease
$7.75/SF/YR View listing

Property Details for 5222 33Rd St

Year built
1987
Lot size
4.68 AC
Property size (Sq ft)
58,635 SF
Zone code
TI
Property type
Commercial real estate
APN
41-19-18-451-012
APU
411918451012

Description

This exceptional 58,635-square-foot office and industrial property, located in Kent County's Airport District-GRR submarket, offers a unique opportunity. Currently, 20,799 square feet of flexible space is immediately available, perfect for executive offices, R&D, or mixed-use operations. The building boasts a highly visible corner location with convenient access to I-96, M-6, Gerald R. Ford International Airport, and the 28th Street retail corridor. The available space features a predominantly open floor plan with 18-foot ceilings, LED lighting, and floor-to-ceiling windows. Lease terms include exclusive use of a conference room and an oversized overhead door, plus shared access to a secure lobby, employee kitchen, conference/training room, restrooms, and a delivery dock. For a five-year lease or longer, the landlord will renovate the space to move-in ready condition, including new flooring, lighting, and paint. Additionally, up to 27,402 square feet of immediately available warehouse space can be combined with the office space. An additional 9,097 square feet of warehouse space will become available August 1, 2025. This single-story, Class B building sits on a 4.68-acre lot and is zoned TI. 11,702 square feet of office space will be available January 1, 2025. This property presents a compelling investment opportunity in a prime location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $4,198,547
    Hospitality
    $3,845,846
    Educational
    $3,199,699
    Medical
    $3,309,742
    Retail
    $4,977,310
5222 33Rd St, Grand Rapids, Michigan

Location Insight

City
Grand Rapids
County
Kent
State
Michigan
Latitude
42.9025
Longitude
-85.5385
CBSA code
24340
CBSA name
GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2019
$55,327
-
-
$1,933,000
-
-
-
$3,866,000

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