429 E Grove St
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429 E Grove St
170,894 SF 100% Leased Industrial Building Greenville, MI 48838 £2,425,595 (£14/SF) 11.49% Net Initial Yield
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 | £2,425,595 | Rentable Building Area | 170,894 SF |
| Price Per SF | £14 | Number of Floors | 1 |
| Sale Type | Investment | Year Built | 1940 |
| Net Initial Yield | 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 | Level Access Doors | 3 |
| Lot Size | 10.00 AC |
| Price | £2,425,595 |
| Price Per SF | £14 |
| Sale Type | Investment |
| Net Initial Yield | 11.49% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Lot Size | 10.00 AC |
| Rentable Building Area | 170,894 SF |
| Number of Floors | 1 |
| Year Built | 1940 |
| Parking Ratio | 1.66/1,000 SF |
| Clear Ceiling Height | 28 ft |
| No. Dock-High Doors/Loading | 9 |
| Level Access 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 | |
| Land Assessment | £0 | Total Assessment | £37,792 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£37,792
zoning
| Zoning Code | Industrial/I-3 |
| Industrial/I-3 |
Contacts
-
Mark Antinucci -
Kent Williams -
Steven Chaben -
Montapon Sawettanan -
Marcus & Millichap
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429 E Grove St
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