Grand Rapids, Michigan, is a prime location for investing in Warehouses For Sale, with 5 available listings offering a range of opportunities for businesses and investors. Warehouses in Grand Rapids represent a solid investment choice, providing a stable source of income and potential for long-term appreciation. These properties can serve as distribution centers, manufacturing facilities, or storage spaces, catering to various industries such as health care, information technology, automotive, and consumer goods manufacturing. Grand Rapids' strategic location, with access to major roads like I-96, I-196, and US 131, makes it an attractive hub for logistics and transportation. The city's diverse economy, strong infrastructure, and highly educated workforce, with institutions like Grand Valley State University and Ferris State University, create a favorable business environment. Additionally, Grand Rapids' attractions, such as the Gerald R. Ford Presidential Museum and John Ball Zoological Garden, make it an appealing destination for tourists and locals alike.
Grand Rapids' Warehouses For Sale offer a unique opportunity to tap into the city's economic growth, with an average price per square foot of $89 USD and an average size of 24,719 square feet. The largest Warehouse available spans 50,160 square feet, providing ample space for various business operations. In addition to Warehouses, Grand Rapids also offers other property types, including Industrial Properties, Land, Residential Income Homes, and Commercial Real Estate. Industrial Properties in Grand Rapids cater to manufacturing and production needs, while Land offers opportunities for development and growth. Residential Income Homes provide a steady income stream, and Commercial Real Estate includes office spaces, retail stores, and restaurants. With its diverse economy, rich cultural scene, and strong infrastructure, Grand Rapids is an ideal location for businesses and investors looking to expand or establish a presence in the region.
What are the key features investors look for in warehouses in Grand Rapids?
When searching for warehouses in Grand Rapids, investors typically look for key features that ensure a profitable and efficient operation, including:
- Average price per square foot, currently at $89 USD, and average size of 24,719 square feet, with some warehouses offering as much as 50,160 square feet of space.
- A desirable location, with proximity to major transportation hubs like the Gerald R. Ford International Airport and the Grand Rapids train station, as well as easy access to highways like I-96 and US 131.
- A competitive average cap rate of 7%, which can help investors generate a strong return on their investment, especially in a city with a diverse economy and a strong presence of industries like manufacturing, healthcare, and food processing.
What size warehouses are available to buy in Grand Rapids?
Warehouses for sale in Grand Rapids range in size from 24,719 square feet to 50,160 square feet, with an average price per square foot of $89 USD and an average cap rate of 7%, and there are currently 5 available listings to choose from.
How much does it cost to buy a warehouse in Grand Rapids?
When considering purchasing a warehouse in Grand Rapids, you can expect to pay an average of $89 USD per square foot, with available listings ranging from 5 options, featuring average sizes of 24,719 square feet, up to 50,160 square feet, and an average cap rate of 7%.
