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2900 Northridge Dr NW 22,600 SF Industrial Building Grand Rapids, MI 49544 $2,250,000 ($99.56/SF) 6.53% Cap Rate
Investment Highlights
- Exceptional opportunity to acquire a well-maintained industrial investment property In Walker’s premier Northridge Industrial Park
- Immediate access to I-96, US-131, and M-45 providing exceptional regional and interstate connectivity
- The property is fully leased to an established industrial user, stable cash flow and minimal landlord responsibilities
- Robust multiple infrastructure including public water and sewer, natural gas, high capacity electrical service and fiber-optic telecommunications
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$25,179
|
$1.11
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$25,179
|
$1.11
|
Financial Summary (Actual - 2025)
| Taxes | |
|---|---|
| Annual | $25,179 |
| Annual Per SF | $1.11 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $25,179 |
| Annual Per SF | $1.11 |
Property Facts Under Contract
| Price | $2,250,000 | Rentable Building Area | 22,600 SF |
| Price Per SF | $99.56 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 2001 |
| Cap Rate | 6.53% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 0.66/1,000 SF |
| Property Subtype | Manufacturing | Clear Ceiling Height | 20’ |
| Building Class | B | No. Dock-High Doors/Loading | 1 |
| Lot Size | 1.58 AC | No. Drive In / Grade-Level Doors | 1 |
| Zoning | L-1 - Light Industrial | ||
| Price | $2,250,000 |
| Price Per SF | $99.56 |
| Sale Type | Investment |
| Cap Rate | 6.53% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Lot Size | 1.58 AC |
| Rentable Building Area | 22,600 SF |
| No. Stories | 1 |
| Year Built | 2001 |
| Tenancy | Single |
| Parking Ratio | 0.66/1,000 SF |
| Clear Ceiling Height | 20’ |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | L-1 - Light Industrial |
Utilities
- Lighting
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Manufacturing
- -
- -
- -
Invio Automation has provided automation services for over 60 years, originally starting as Arsenal's automation platform. The company serves various industries including medical devices, renewable energy, and logistics. They offer design, implementation, and maintenance of automation systems with a focus on robotics and material handling. Invio maintains a presence across multiple North American sites and global partnerships.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Manufacturing | - | - | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 41-13-04-327-002 | Total Assessment | $860,900 |
| Land Assessment | $0 | Annual Taxes | $25,179 ($1.11/SF) |
| Improvements Assessment | $0 | Tax Year | 2025 |
Property Taxes
Parcel Number
41-13-04-327-002
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$860,900
Annual Taxes
$25,179 ($1.11/SF)
Tax Year
2025
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Contact the Sale Advisor
2900 Northridge Dr NW