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Standard Building Systems 3147 Fruit Ridge Ave NW 54,285 SF Industrial Building Grand Rapids, MI 49544 $2,910,000 ($53.61/SF) 4.40% Cap Rate
INVESTMENT HIGHLIGHTS
- 54,285 sq ft with 14-foot clear ceiling height
- Rail spur
- Close to I-96 and the Fruitridge exit, ensuring easy access
EXECUTIVE SUMMARY
This expansive property features 7 structures including a rail spur on over 11 acres. Just off the Fruitridge 96 exit this property is zoned for Industrial use. Currently has 1 tenant with a lease until 10/2029.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$129,682
|
$2.39
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$129,682
|
$2.39
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $129,682 |
| Annual Per SF | $2.39 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $129,682 |
| Annual Per SF | $2.39 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
AMENITIES
- Signage
- Storage Space
UTILITIES
- Lighting
- Gas
- Water
- Sewer
- Heating
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- -
- 51,570 SF
- -
- -
Welcome to Standard Companies. We're a local West Michigan family operated lumber and kitchens supply company serving Grand Rapids, Ada, Sparta, Standale, Holland, Muskegon, Montague, Ludington and Traverse City. We have a rich history of providing our customers with all their lumber, kitchens, building supplies and pole barns. Our mission is to provide you with the best service possible. Please don’t hesitate to call or stop by any time to discuss your building or remodeling needs with us. We’re here to serve you.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
- | 51,570 SF | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 41-13-05-301-010 | Improvements Assessment | $0 (2025) |
| Land Assessment | $0 (2025) | Total Assessment | $615,400 (2025) |
PROPERTY TAXES
Parcel Number
41-13-05-301-010
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$615,400 (2025)
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Standard Building Systems | 3147 Fruit Ridge Ave NW
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