A Grand Rapids company has purchased the city’s long-vacant Naval building and Marine Corps Reserve Center, winning a federal auction with a $3.1 million bid.
Morrison Industrial Equipment Company, based in Grand Rapids, was the successful bidder for the three-and-a-half-acre property.
The winning bid came in well below the federal government’s original asking price of $4.9 million. The government later dropped the price to $4.5 million following an appraisal before putting the property up for auction.
Scott Timmer, Morrison Industrial Equipment’s vice president of sales, said the company does not have immediate plans for the property but does plan to demolish the existing buildings…