Log In/Sign Up
Your email has been sent.
150 Ann St NW 15,703 SF Retail Building Grand Rapids, MI 49505 $8,339,005 CAD ($531.05 CAD/SF) 7% Cap Rate
Investment Highlights
- Newly Renovated HQ: 15,800 SF corporate headquarters fully renovated in March 2026.
- Prime Location: Monroe North / Medical Mile with easy highway, airport, and Downtown trail access.
Executive Summary
Sale Leaseback opportunity of the newly redeveloped 15,800 SF corporate headquarters of MiEN Company® at 150 Ann St NW, Grand Rapids, MI. At closing, the seller will execute a new 10-year Absolute NNN lease with 2.0% annual rent escalations, providing stable cash flow with zero landlord responsibilities.
Originally built in 1974 and fully renovated in March 2026, the property reflects significant tenant capital investment and serves as MiEN’s primary operating location, supporting leadership, product development, and customer operations.
Strategically located within the Monroe North / Medical Mile corridor just northwest of Downtown Grand Rapids, the property offers immediate access to US-131, is under 15 miles from Gerald R. Ford International Airport and is adjacent to the funded River Edges Trail extension connecting directly to Downtown and regional trail systems.
Originally built in 1974 and fully renovated in March 2026, the property reflects significant tenant capital investment and serves as MiEN’s primary operating location, supporting leadership, product development, and customer operations.
Strategically located within the Monroe North / Medical Mile corridor just northwest of Downtown Grand Rapids, the property offers immediate access to US-131, is under 15 miles from Gerald R. Ford International Airport and is adjacent to the funded River Edges Trail extension connecting directly to Downtown and regional trail systems.
Data Room Click Here to Access
Property Facts
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Bank
Building Size
15,703 SF
Building Class
B
Year Built/Renovated
1978/2026
Price
$8,339,005 CAD
Price Per SF
$531.05 CAD
Cap Rate
7%
NOI
$583,730 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.55
Lot Size
0.65 AC
Zoning
TN-TCC - Transitional City Center
Parking
30 Spaces (1.91 Spaces per 1,000 SF Leased)
Frontage
190’ on Ann St
Amenities
- Pylon Sign
- Signalized Intersection
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- MiEN Company
- Manufacturing
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| MiEN Company | Manufacturing | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 41-13-13-276-001 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $955,978 CAD |
Property Taxes
Parcel Number
41-13-13-276-001
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$955,978 CAD
1 of 29
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
JET Industrial
150 Ann St NW
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.