1950 Waldorf St NW

For Sale

1950 Waldorf St NW, Grand Rapids, MI 49544

This Grand Rapids property for sale is located at 1950 Waldorf St NW. The current listed sale price for 1950 Waldorf St NW is $11,495,000.



Blake Rosekrans

Martin Commercial Properties

(616) 726-5476


Christopher T. Miller

Martin Commercial Properties

(517) 319-9244

Property Details

  • Property Type Industrial
  • Property Size 279,552 SF
  • Date Updated Dec 7, 2023

Martin Commercial Properties, Inc. is pleased to exclusively offer for


sale to qualified investors the opportunity to acquire an industrial/


office asset located at 1950 Waldorf NW in Walker, Michigan. The


property totals +/-279,552 SF consisting of +/- 27,689 SF of office and 251,863 SF of warehouse space on 13.3 acres. The original building


was constructed in 1972 with a 65,400 SF warehouse addition added in 2018. The property has been well maintained and benefits from recent parking lot and landscaping improvements.


The property is located in Walker, which is in the NW section of


greater Grand Rapids. This area is a strong industrial corridor and is home to headquarters for both Meijer and Bissell. Additionally, it


is conveniently located to both I-96 and US-131, given the current tenants easy access to the greater Grand Rapids MSA.


1950 Waldorf is fully occupied by multiple tenants. Occupying roughly


89% of the total property is Vital Records Corporation. They signed an initial 10-year lease that has roughly 5 years remaining with two, five-year options to renew thereafter. Their lease has yearly CPI increases, with a floor of 1% and a ceiling of 2%/year. Their current


rent is currently $2.84/SF NNN, which is significantly below market and gives a potential investor plenty of upside in the future.


The purchase of this property presents an investor with an opportunity to purchase a large industrial asset in the strong Grand Rapids market. The combination of future upside with a low price of $41.52/SF makes this an attractive option for investors.

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Getting around

  • 15/100

    Walk Score ®

  • 13/100

    Bike Score ®

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  • City Grand Rapids, MI
  • Neighborhood Northwest Edge
  • Zip Code 49544
  • Market Grand Rapids

Points of Interest

  • Grand Rapids

    4.14 miles

  • Walker, MI Supercharger

    0.91 miles

  • Meijer

    0.92 miles

  • Westside Service

    1.39 miles

  • Meijer

    1.41 miles

  • BP

    1.42 miles

  • Marathon

    1.45 miles

  • Speedway

    1.54 miles

  • Mobil

    1.60 miles

  • Citgo

    1.80 miles

  • Mobil

    1.86 miles

  • Southland Auto Wash

    1.58 miles

  • Jiffy Car Wash

    1.90 miles

  • Mister Car Wash

    3.69 miles

  • Eli's Northeast Autowash

    3.89 miles

  • Eastbrook Auto Wash

    4.34 miles

  • Trailer X Press Inc

    5.46 miles

  • Tommy's Express Car Wash

    5.66 miles

  • Quality Car Wash

    6.36 miles

  • Jiffy Car Wash

    7.30 miles

  • Breton Auto Wash

    7.69 miles

  • McDonald's

    1.02 miles

  • Bob Evans

    1.04 miles

  • Sandy's Donuts

    1.40 miles

  • Wendy's

    1.40 miles

  • Arby's

    1.42 miles

  • Fazoli's

    1.43 miles

  • Jimmy John's

    1.43 miles

  • Mr Gyros

    1.46 miles

  • Papa John's

    1.46 miles

  • Long John Silver's

    1.47 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact 1950 Waldorf St NW