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Grand Rapids, Michigan MSA Self-Storage Offering

POPULATION
In 2025, the population in your selected geography is 10,193. The population has changed by 7.66 percent since 2010. It is estimated that the population in your area will be 10,324 five years from now, which represents a change of 1.3 percent from the current year. The current population is 51.2 percent male and 48.8 percent female. The median age of the population in your area is 41.0, compared with the U.S. average, which is 40.0. The population density in your area is 130 people per square mile.

HOUSEHOLDS
There are currently 3,798 households in your selected geography. The number of households has changed by 15.09 percent since 2010. It is estimated that the number of households in your area will be 3,857 five years from now, which represents a change of 1.6 percent from the current year. The average household size in your area is 2.7 people.

INCOME
In 2025, the median household income for your selected geography is $112,352, compared with the U.S. average, which is currently $78,171. The median household income for your area has changed by 70.66 percent since 2010. It is estimated that the median household income in your area will be $131,036 five years from now, which represents a change of 16.6 percent from the current year.

The current year per capita income in your area is $48,696, compared with the U.S. average, which is $41,680. The current year’s average household income in your area is $131,253, compared with the U.S. average, which is $103,571.

EMPLOYMENT
In 2025, 5,583 people in your selected area were employed. The 2010 Census revealed that 63.4 percent of employees are in white-collar occupations in this geography, and 21.4 percent are in blue-collar occupations. In 2025, unemployment in this area was 3.0 percent. In 2010, the average time traveled to work was 24.00 minutes.

HOUSING
The median housing value in your area was $403,318 in 2025, compared with the U.S. median of $333,538. In 2010, there were 2,948.00 owner-occupied housing units and 352.00 renter-occupied housing units in your area.

EDUCATION
The selected area in 2025 had a lower level of educational attainment when compared with the U.S averages. 40.2 percent of the selected area’s residents had earned a graduate degree compared with the national average of only 13.7 percent, and 13.0 percent completed a bachelor’s degree, compared with the national average of 21.2 percent.

The number of area residents with an associate degree was higher than the nation’s at 11.9 percent vs. 8.8 percent, respectively.

The area had fewer high-school graduates, 0.6 percent vs. 26.1 percent for the nation, but the percentage of residents who completed some college is higher than the average for the nation, at 30.0 percent in the selected area compared with the 19.6 percent in the U.S.

• Grand Rapids, Michigan MSA Self-Storage Offering
• 41,800 Net Rentable Square Feet
• 247 Non-Climate Controlled Units and 24 Outdoor Parking Spaces
• Current Remote Management
• Room for Expansion: Potential to Replace Outdoor Parking with Additional Self-Storage Buildings or a Management Office
• Below Market Rents
• Easily Accessible from Interstate 96
• Daily Traffic Count: 8,200± Cars/Day on Alden Nash Avenue Southeast
• Affluent Market: Average Household Income Within One, Three, and Five Miles is Above the National Average (One-Mile: $114,396 | Three-Miles: $119,7722 | Five-Miles: $131,253)
• Growing Surrounding Population Base: Over 7% Increase Since 2010 Within a Five-Mile Radius

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