565 Godfrey AveGrand Rapids, MI 49503

  • Industrial properties
  • 38,992 SF
For Lease
$14.95/SF/YR View listing

Property Details for 565 Godfrey Ave

Year built
1910
Lot size
1.25 AC
Property size (Sq ft)
38,992 SF
Zone code
SD-IT
Property type
Industrial properties
APN
41-13-36-153-001
APU
411336153001

Description

This 13,300 square foot industrial property in Grand Rapids, Michigan, offers flexible office space, divisible to a minimum of 3,000 square feet. Located in Kent County at 565 Godfrey Ave SW, this property boasts a 20-foot ceiling height, one dock-high door, and one drive-in door. Situated on a 2.18-acre lot, it's zoned industrial but adaptable for retail or office use. The property benefits from its prime location near US-131 and I-196, providing easy access to the entire West Michigan area. Its proximity to Grand Rapids Community College, the Grand Rapids Amphitheater, Factory Yards, and the Sligh Building redevelopment positions it within a thriving, rapidly developing area. Current plans, subject to change, envision two buildings totaling 25,300 square feet, offering various sizes and configurations. Construction is projected to begin Spring 2024, with completion anticipated in early 2025. This presents a unique opportunity to establish a presence in West Michigan's most desirable redevelopment district. The property is located within a qualified opportunity zone.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $8,151,506
    Hospitality
    $7,466,736
    Educational
    $6,212,237
    Medical
    $6,425,886
    Retail
    $9,663,480

Location Insight

City
Grand Rapids
County
Kent
State
Michigan
Latitude
42.9524
Longitude
-85.6831
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
2021
$11,362
-
-
$371,800
-
-
-
$743,600

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