City owned commercial/industrial properties are divided into two categories: Improved, meaning the property has an existing structure. Vacant, meaning the property does not have a significant structure on the property. Properties will only be sold that have clear title and are approved by the City Commission.

The City utilizes several methods of selling commercial/industrial properties depending on individual circumstances effecting the property. Generally, the goals to be attained by selling a commercial/industrial property are to maximize the purchase price, maximize investment and creation of jobs. Other considerations include: compatibility with neighboring properties and contribution to the vitality of a business neighborhood.

The typical methods of selling commercial/industrial properties are:

List and Sell

Establish asking price and list with the Grand Rapids Multiple Listing Service. An offer to purchase a listed lot may be tendered through a realtor or submitted directly to the City’s Economic Development Office.

Sealed Bid

City will request sealed bids. Bids will be simultaneously opened and judged by criteria pre-established. The bids will be submitted to the City Commission along with an award recommendation by City staff. A public hearing will be held and the City Commission will select the bid it feels best meets the needs of the community. Property may be listed with the Grand Rapids Multiple Listing Service. If so, an offer to purchase may be tendered through a realtor or submitted directly to the City’s Economic Development Office.

Negotiated Sale

City will request proposals that meet established terms. City staff will review and negotiated. If approved by City Manager negotiated proposal will be submitted to City Commission. Property may be listed with the Grand Rapids Multiple Listing Service. If so, an offer to purchase may be tendered through a realtor or submitted directly to the City’s Economic Development Office.

RFP

City will request sealed proposals. Bids will be simultaneously opened and judged by criteria pre-established. City Manager will bring forth recommendation to City Commission. Property may be listed with the Grand Rapids Multiple Listing Service. If so, an offer to purchase may be tendered through a realtor or submitted directly to the City’s Economic Development Office.


All properties are listed on the MLS with an asking price.