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1514 Jefferson Ave SE - Fort Knox Storage 58,436 SF Specialty Building Offered at $2,200,000 at a 4.86% Cap Rate in Grand Rapids, MI 49507
INVESTMENT HIGHLIGHTS
- climate-controlled storage
- on-site signage
- freight elevator access
- strong surrounding demographics
EXECUTIVE SUMMARY
1514 Jefferson Ave SE presents an excellent value-add opportunity in Grand Rapids, offering 37,400 RSF across 363 units on a 1.11-acre site. The property includes four floors of climate-controlled storage, freight elevator access, on-site signage, and significant growth potential at stabilized occupancy. Positioned just two miles from Downtown Grand Rapids, the site benefits from strong surrounding demographics and continued demand for infill storage solutions.
PROPERTY FACTS
| Price | $2,200,000 | Lot Size | 1.09 AC |
| Price Per SF | $37.65 | Building Size | 58,436 SF |
| Sale Type | Investment | No. Stories | 3 |
| Cap Rate | 4.86% | Year Built | 1910 |
| Property Type | Specialty | Parking Ratio | 0.09/1,000 SF |
| Property Subtype | Self-Storage | Cross Streets | Madison Ave. and Hall Street |
| Building Class | C | Opportunity Zone |
Yes
|
| Zoning | SD-IT | ||
| Price | $2,200,000 |
| Price Per SF | $37.65 |
| Sale Type | Investment |
| Cap Rate | 4.86% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 1.09 AC |
| Building Size | 58,436 SF |
| No. Stories | 3 |
| Year Built | 1910 |
| Parking Ratio | 0.09/1,000 SF |
| Cross Streets | Madison Ave. and Hall Street |
| Opportunity Zone |
Yes |
| Zoning | SD-IT |
AMENITIES
- Bus Line
1 1
Walk Score®
Very Walkable (79)
PROPERTY TAXES
| Parcel Number | 41-18-06-177-001 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $804,100 |
PROPERTY TAXES
Parcel Number
41-18-06-177-001
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$804,100
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1514 Jefferson Ave SE - Fort Knox Storage
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