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15,128 SF Multi-Tenant Industrial

728 McKendrick St SW Grand Rapids, MI 49503

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Overview

Recently renovated multi-tenant industrial building for sale. This 15,464 SF building features ample on-site parking and outdoor equipment storage, 4 drive in doors, 1 loading dock door, 18-20’ ceiling heights and incredible access to the US- 131 & Burton Street interchange. In the past year ownership has undertaken a number of improvements and updates making the building more functional and desirable for a multitude of users. Building is currently 100% occupied by three tenants. With a weighted average lease term of just under three years and modified gross rents of approximately $7.27/SF, there is NOI in the coming years. Estimated annual expenses for 2024 are $35,260.

Lease Spaces

NameRateSF
Suite 1$7.25 /SF/Year5,128 SF

For Sale/Lease

Industrial

Secondary Uses: Warehouse/Office

Lease Rate
$7.25 SF/year
Available SF
5,128 SF
Sale Price
$1,295,000
Price Per SF
$85.6/SF
Building Size
15,128 SF
Office SF
1,128 SF
Warehouse SF
14,000 SF
Acres
0.87 ac
Zoning
SD-IT
Lease Type
NNN
Expenses
$2.20 /SF
Number of Buildings
1
Floors
2
Year Built
1929
Year Renovated
2023
Construction Siding
Brick
Construction Type
Masonry
Submarket
S 131 Corridor
Nearest MSA
Grand Rapids-Kentwood
Property Status
Existing
Dock Number
1
Drive-In Number
4
Ceiling Height
18' - 20'
Clear Height
18' - 20'
Power
480 V @ 200 A, 3 Phase
County
Kent
Created
2024-10-30
Updated
2025-10-21
Listing ID
e19b3e0e
Parcel APN
411701355010

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