Press Releases
Marcus & Millichap Arranges $2.65M Sale of 12-Unit Multifamily Property in Grand Rapids, Michigan
February 23, 2026
GRAND RAPIDS, Mich., Feb. 23, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Midtown Place, a 12-unit multifamily property in Grand Rapids, Michigan, for $2.65 million.
“This was an attractive opportunity to acquire a well-built, newer asset in a proven West Michigan market,” said Chris Futo, managing director investments. “With construction completed in 2020, the property offers stable fundamentals and room to enhance performance through continued lease-up and thoughtful rent growth. Grand Rapids continues to draw interest from investors across the country who are targeting markets with strong economic drivers and long-term stability.”
Futo, a multifamily and mobile home investment specialist in Marcus & Millichap’s Detroit office, marketed the property on behalf of the seller. Futo and Chase Gilewski, associate director investments, procured the buyer, a local West Michigan owner/operator.
Located at 349 Cummings Ave. NW, Midtown Place consists of four one-bedroom and eight two-bedroom apartments with attached garages. Built in 2020, the property spans 14,280 rentable square feet on 1.22 acres and is within walking distance of local breweries, restaurants, parks and grocery stores.
“This was an attractive opportunity to acquire a well-built, newer asset in a proven West Michigan market,” said Chris Futo, managing director investments. “With construction completed in 2020, the property offers stable fundamentals and room to enhance performance through continued lease-up and thoughtful rent growth. Grand Rapids continues to draw interest from investors across the country who are targeting markets with strong economic drivers and long-term stability.”
Futo, a multifamily and mobile home investment specialist in Marcus & Millichap’s Detroit office, marketed the property on behalf of the seller. Futo and Chase Gilewski, associate director investments, procured the buyer, a local West Michigan owner/operator.
Located at 349 Cummings Ave. NW, Midtown Place consists of four one-bedroom and eight two-bedroom apartments with attached garages. Built in 2020, the property spans 14,280 rentable square feet on 1.22 acres and is within walking distance of local breweries, restaurants, parks and grocery stores.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
