Office Investment - Greenville, MI

Office for Sale
Catylist Listing ID: 30151651
Property Subtypes: Medical, Office Building
Building Size (RSF): 11,700 SF
Gross Land Area: 1.58 Acres
Sale Price: $810,000
Unit Price: $69.23 PSF
Ceiling: 9 ft.
Property Use Type: Investment
Building Name: Office Park West
Class of Space: Class C
Usable Size (USF): 11,700 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/15/2017

Overview / Comments

Office Park West is located north of M-57 and offers two multi-tenant buildings (1810 & 1820). The professional and medical tenant mix includes, insurers, physical therapists, mortgage companies, employment agencies, chiropractors and others. With a diverse mix of long-term tenants, the properties have produced consistent Net Operating Income. The buildings have been professionally managed and maintained. Office Park West is situated on a highly desirable corner at M-57 and could be redeveloped for a prime commercial use.

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Montcalm
Taxing Authority: City of Greenville
Tax ID/APN: 59-052-008-046-30 & 59-052-487-012-00
Zoning: 201-COMMERCIAL
Property Located Between: Yougman Road & S. Greenville West Drive.
Property Visibility: Excellent
Total Number of Buildings: 2
Number of Stories: 1
Year Built: 1994
Construction/Siding: Brick/Vinyl Siding
Parking Type: Surface
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 14,045 19,407
Median Age: 37.04 37.55
Households: 5,519 7,459

Contact

Photograph of Listing Agent

Todd A. Kamps, CCIM | SIOR

Cherette Properties, LLC CARWM Member
© Copyright Commercial Alliance of REALTORS West Michigan. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Alliance of REALTORS West Michigan nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.