429 E Grove St
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429 E Grove St
170,894 SF 100% Leased Industrial Building Greenville, MI 48838 $4,452,995 CAD ($26 CAD/SF) 11.49% Cap Rate
Executive Summary
Marcus & Millichap is pleased to present 429 East Grove Street, a multi-tenant industrial property in Greenville, MI.
The industrial property was originally constructed in 1940, with subsequent additions in stages with masonry, metal, and concrete block construction. The subject property consists of approximately 170,894 rentable square feet on seven parcels totaling 9.1 acres.
The industrial property was originally constructed in 1940, with subsequent additions in stages with masonry, metal, and concrete block construction. The subject property consists of approximately 170,894 rentable square feet on seven parcels totaling 9.1 acres.
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Property Facts
| Price | $4,452,995 CAD | Rentable Building Area | 170,894 SF |
| Price Per SF | $26 CAD | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1940 |
| Cap Rate | 11.49% | Parking Ratio | 1.66/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 28 ft |
| Property Subtype | Manufacturing | No. Dock-High Doors/Loading | 9 |
| Building Class | B | No. Drive In / Grade-Level Doors | 3 |
| Lot Size | 10.00 AC |
| Price | $4,452,995 CAD |
| Price Per SF | $26 CAD |
| Sale Type | Investment |
| Cap Rate | 11.49% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Lot Size | 10.00 AC |
| Rentable Building Area | 170,894 SF |
| No. Stories | 1 |
| Year Built | 1940 |
| Parking Ratio | 1.66/1,000 SF |
| Clear Ceiling Height | 28 ft |
| No. Dock-High Doors/Loading | 9 |
| No. Drive In / Grade-Level Doors | 3 |
Amenities
- Buss Ducts
- Fenced Lot
- Floor Drains
Utilities
- Lighting
- Gas - Natural
- Water
- Sewer
- Heating
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $68,742 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$68,742 CAD
zoning
| Zoning Code | Industrial/I-3 (Industrial) |
| Industrial/I-3 (Industrial) |
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429 E Grove St
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