150 Ann St NW - Bank FOR SALE


Grand Rapids, MI 49505- Creston
$5,885,000 USD
269-420-1286
150 Ann St NW, Grand Rapids, MI for Sale
$5,885,000 USD
Bank - FOR SALE
1/29
null | 7.25% Cap Rate

150 Ann St NW
Grand Rapids, MI 49505
Creston


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.

OVERVIEW

JET Industrial is pleased to present the sale leaseback of the newly redeveloped office headquarters of MiEN Company® in Grand Rapids, Michigan. At closing, the seller will execute a new 10 year Absolute NNN lease with 2.0% annual rent escalations, creating a stable income stream backed by the company’s primary operating location. Originally constructed in 1974, the property was fully redeveloped through a comprehensive renovation completed in March 2026. The building reflects substantial tenant capital investment and serves as the company’s central leadership and operational hub. The 15,800 SF office headquarters is directly integrated with MiEN’s adjacent manufacturing facility and planned future development site, reinforcing the operational importance of the location. Founded in 2012, MiEN designs and manufactures furniture solutions for K–12 and higher education institutions across North America. The Grand Rapids headquarters supports leadership, product development, engineering, and customer operations that are central to the company’s continued growth. The property is positioned just northwest of Downtown Grand Rapids within the Monroe North and Medical Mile corridor, an area experiencing continued public and private investment. The site offers immediate access to US 131 and is less than 15 miles from Gerald R. Ford International Airport. As part of the City of Grand Rapids’ GR Forward Master Plan, the final 0.75 mile segment of the River Edges Trail between Leonard Street and Ann Street has received full funding and is advancing toward construction. Upon completion, the property will have direct pedestrian and bike connectivity to Downtown Grand Rapids, Riverside Park, and the 92 mile Fred Meijer White Pine Trail system. This offering presents investors with the opportunity to acquire a stabilized, mission critical corporate headquarters asset featuring a long term Absolute NNN lease structure, contractual rent growth, recent capital investment, and durable positioning within one of Grand Rapids’ most actively evolving urban corridors. To learn more about MiEN Company® visit: miencompany.com.

FOR SALE DETAILS

PRICE

$5,885,000 USD

PRICE/SF

$375 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,314 SF

ZONING

TN-TCC

APN/PARCEL ID

41-13-13-276-001

ASK ABOUT THIS PROPERTY

Eddie BardJET IndustrialMore Info
269-420-1286

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Eddie BardJET IndustrialMore Info
269-420-1286

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.