Commercial real estate in Grand Rapids

Search commercial real estate records in Grand Rapids to find the property data you need. Reonomy provides the most comprehensive commercial real estate information available through the aggregation of commercial property records and data. Search through Grand Rapids commercial property sales records, owner records and tax records. Signup for a free trial to uncover more information and search by filters including sales history, debt and owner.

Popular searches around Grand Rapids

Reonomy operates the most comprehensive database for Grand Rapids Commercial Real Estate and other commercial real estate assets across the U.S. Reonomy includes over 47 million commercial real estate properties, each property features sales, debt, tax and ownership data. Reonomy attracts a large community of Grand Rapids commercial real estate professionals. Members from Grand Rapids include brokers, investors and service providers, many of whom specialize in Grand Rapids Commercial Real Estate.

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Grand Rapids commercial real estate sold prices and values

The average assessed value of commercial real estate properties in Grand Rapids is $320,752. Commercial real estate sale prices in Grand Rapids have a median of $139,995. The last 24 months of sales history has seen 794 sales, with 252 sales greater than $250,000, 30 sales valued at over $1,000,000, and 0 sales valued at over $10,000,000. The average price per square foot of commercial real estate properties in Grand Rapids over the last 24 months is $56.

Values and sold prices (last 24 months) United States Michigan Grand Rapids
Average price/sqft $1,383 $123 $81
Median price/sqft $117 $51 $56
Average sold price $1,121,868 $244,827 $271,068
Median sold price $194,935 $94,076 $139,995
Number of sales 3,907,581 63,987 794
Number of sales over $250k 1,646,046 16,442 252
Number of sales over $1m 386,972 1,904 30
Number of sales over $10m 55,955 63 --
Average total tax amount $5,932 $5,710 $13,745
Average assessed value $307,066 $143,074 $320,752
Average market value $388,214 $285,738 $641,505

Grand Rapids commercial real estate property averages

The average lot size of commercial real estate properties in Grand Rapids is 18,358 sf. This is 50% below the Michigan average.

Property averages United States Michigan Grand Rapids
Average lot size 816,882 sf 1,075,686 sf 5,496,502 sf
Median lot size 24,485 sf 30,903 sf 18,358 sf
Average building area 1,138 sf 135 sf 1,823 sf
Median building area 75 sf 29 sf 9 sf
Median year built 1970 1960 1961
Average number of units 16 14 64
Median number of units 2 2 8

Grand Rapids commercial real estate total supply

There are 15,353 commercial real estate properties in Grand Rapids. This is 195% below the Michigan average. The total acerage is 3,904,725 acres and the aggregate building area for commercial real estate properties in Grand Rapids is 4,908,680 sf.

Supply United States Michigan Grand Rapids
Number of parcels 57,794,383 1,430,360 15,353
Aggregate lot acerage 958,750,430 36,585,834 3,904,725
Aggregate building area 8,137,456,057 sf 11,756,938 sf 4,908,680 sf
Aggregate units 87,699,574 679,124 80,197

Grand Rapids commercial real estate industrial mortgages

There are 13,816 mortgages for commercial real estate properties across Grand Rapids in the Reonomy database. The average value of those mortgages is $5,285,007. This is 125% below the Michigan average.

Debt United States Michigan Grand Rapids
Number of mortgages 40,416,832 447,987 13,816
Average value of mortgages $5,210,150 $23,065,357 $5,285,007

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