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150 Ann St NW
Grand Rapids, MI 49505 Creston

$5,885,000 USD

Bank For Sale  •  15,703 SF

Property Details

  • Property Type Bank
  • Total Building Size 15,703 SF
  • Lot Size 0.65 AC
  • Building Class B
  • Year Built 1978
  • Cap Rate 7.25 %
  • Tenancy Single
  • Zoning TN-TCC
30 Transit Score
60 Walk Score

Highlights

New 10 Year Absolute NNN Lease: Sale leaseback at closing with zero landlord responsibilities and 2.0% annual rent escalations.
Corporate Headquarters Location: Primary operating location supporting leadership and core business functions.
Integrated with Manufacturing Operations: Physically adjacent to MiEN’s manufacturing facility and future development site, reinforcing long-term occu
Recent Comprehensive Renovation: Full building redevelopment completed March 2026 with significant tenant capital invested.
Direct Riverfront Trail Access: Adjacent to a city funded trail extension connecting the property to Downtown Grand Rapids and Riverside Park.
Prime Urban Infill Positioning: Located within the Monroe North and Medical Mile corridor with immediate access to US 131 and regional infrastructure.

Property Flyers

Cap Rate: 7.25 %

Major Tenants

Tenant SF Occupied Lease End Date
MiEN Company

Amenities

  • Pylon Sign
  • Signalized Intersection
  • Air Conditioning

Public Transportation

Commuter RailDriveWalkDistance
6 min - 3.9 mi
AirportDriveWalkDistance
Gerald R Ford International 25 min - 16.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 30
Type: Surface
Included in Rent: Yes
Eddie Bard 269-420-1286 JET Industrial
Eddie Bard 269-420-1286 JET Industrial